Chevron Left
Back to Economics of Money and Banking

Learner Reviews & Feedback for Economics of Money and Banking by Columbia University

4.9
stars
1,274 ratings
351 reviews

About the Course

The last three or four decades have seen a remarkable evolution in the institutions that comprise the modern monetary system. The financial crisis of 2007-2009 is a wakeup call that we need a similar evolution in the analytical apparatus and theories that we use to understand that system. Produced and sponsored by the Institute for New Economic Thinking, this course is an attempt to begin the process of new economic thinking by reviving and updating some forgotten traditions in monetary thought that have become newly relevant. Three features of the new system are central. Most important, the intertwining of previously separate capital markets and money markets has produced a system with new dynamics as well as new vulnerabilities. The financial crisis revealed those vulnerabilities for all to see. The result was two years of desperate innovation by central banking authorities as they tried first this, and then that, in an effort to stem the collapse. Second, the global character of the crisis has revealed the global character of the system, which is something new in postwar history but not at all new from a longer time perspective. Central bank cooperation was key to stemming the collapse, and the details of that cooperation hint at the outlines of an emerging new international monetary order. Third, absolutely central to the crisis was the operation of key derivative contracts, most importantly credit default swaps and foreign exchange swaps. Modern money cannot be understood separately from modern finance, nor can modern monetary theory be constructed separately from modern financial theory. That's the reason this course places dealers, in both capital markets and money markets, at the very center of the picture, as profit-seeking suppliers of market liquidity to the new system of market-based credit....

Top reviews

BG
Jul 16, 2017

An intellectually engaging course opening a debate about how we think about markets and how we should tackle the current challenges. Accessible to non-economists. I warmly recommend it to everyone.

PM
Jun 26, 2020

Extremely helpful is understanding the money view of banking system. One of the best courses. A small suggestion - it can be interspersed with more examples especially from the emerging markets.

Filter by:

251 - 275 of 348 Reviews for Economics of Money and Banking

By Haran E

May 16, 2020

THE COURSE WAS GREAT AND AWESOME !!!

By Lilit

Nov 3, 2019

Amazing professor and amazing class!

By alexgesch

Jan 29, 2017

Great course with a lot of insights!

By Zhang Y

Jan 18, 2017

Real course, learned a lot from Prof

By Steven B

Aug 11, 2017

Excellent material and instructor.

By mathieu.primot

Oct 28, 2016

A very clear introduction to money

By Farhad N

Nov 1, 2021

​now you are talking Jeff Snider!

By Andrei C

Aug 24, 2020

Very interesting and entertaining

By Matas J

Oct 2, 2019

Excellent course! Great lecturer!

By saurabh p

Jul 22, 2017

make it more of a practical view

By Alexandre B

Jul 16, 2020

Very good course and professor!

By Weijie Z

May 16, 2017

Great teacher and great class !

By Rob C

Oct 25, 2016

Very thorough and great course!

By Maryam M E

Jun 28, 2020

Best professor and course ever

By Nguyen Q H

Feb 2, 2018

That is a great classes :))))

By Winsion

Jul 25, 2020

课程从货币的视角出发去了解整个经济的运作逻辑,十分推荐!

By Ming T D W

Oct 19, 2016

Completely change my view!!

By gagan d

May 19, 2020

very well designed course.

By Jeremy T

May 1, 2020

Great learning experience.

By Jin S

Jul 8, 2019

great course and professor

By 賀維格

Dec 12, 2017

用会计的体系教货币的知识,非常有加值。强烈推荐!

By 钟政昊

May 11, 2017

Very thought-provoking!

By Ed G

Apr 12, 2017

Extremely interesting!

By Marcus G

Oct 30, 2021

i have learn a lot...

By BHASKAR A

Apr 14, 2020

very well structured.