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

4.9
stars
1,447 ratings

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.

PP

May 28, 2020

The "Economics of Money and Banking" course provided an inspiring look on the modern international finance system. Definitely, recommending it for both newcomers and already experienced students.

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126 - 150 of 382 Reviews for Economics of Money and Banking

By Pramanshu R

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Jul 29, 2017

Quite exhaustive course covering details about banking and finance. Amazing Professor, good content. The focus on current events is good too.

By ARIOLI S

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May 1, 2021

One of the most useful and original perspective in understanding the world. Money, banking, finance, economics as branches of human history.

By Mahmood A K E

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Aug 3, 2017

Really amazing in terms of views and knowledge to be acquired.

I would highly recommend the course to anyone looking to expand in the domain.

By Shiba P

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May 23, 2021

This course is very much relevant to those who want to know the evolution of banking and finance along with the monetary system of banking.

By Min M Z

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Jan 1, 2021

Very structural and high-level view across finance, economic and money market. And I like how passionate the professor is when he teaches:)

By Max M

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Nov 18, 2021

Excellent presentation skills of Mr. Mehrling who gives interesting and useful insights into the money market and financial institutions.

By Yechen H

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Jul 5, 2017

A different way to look at today's Financial World. The material is well structured and easy to understand. Thank you Professor Mehrling.

By Miquel B L

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May 27, 2020

Excellent course with very enlightening explanaitions of how the modern financial system works thorugh the lenses of monetary economics.

By Carlos G S

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Jul 3, 2021

Fundamental for the understanding of the banking and financial world, the crisis, and how dealers play an important role in the economy

By Peter S

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Jan 23, 2021

Great course providing insight into the money view of the world! A much needed realistic alternative to the finance and economics view.

By Michele C

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Sep 6, 2020

Very interesting and unusual course on banking system held by a good professor who is also inspired by the history of economic thought.

By Thoshitha

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Jan 2, 2017

The basics were well taught and understandable in 1 time view of video and the standards of the university are great! Thanks coursera!

By خالد س ا

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Jul 1, 2022

I learned and benefited greatly from this course that it teaches you very important interests in the economy and in the banking field

By Alexandros G

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Apr 26, 2022

An excellent course from a most inspiring professor. Building slowly from the basics and leading to understanding of today's economy.

By Sushant G

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Jun 8, 2020

Excellent course by Professor Perry G Mehrliing. Learned a lot on money and banking. I can read FT now.

Thanks to Columbia University.

By Atulya S

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Jun 11, 2017

Amazing insights into the evolution and working of money markets.Last chapters tying to economic theory could have been more detailed

By Ilias M

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Jan 10, 2018

Professor Mehrling will make you connect the dots. Masterfully conceived and delivered. Many thanks and much appreciation Professor.

By Juho V

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Aug 3, 2020

Enlightening stuff and really well presented! The second half was occasionally hard to follow without without economics background.

By Ian J M G

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Jul 14, 2020

Fantastic work by Dr. Mehrling, this course should be a priority for anyone looking to develop a profound macro view of the world.

By Pablo S

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Oct 6, 2018

Incredible teacher. A lot of useful information that provides you with an eagle view of monetary and financial markets as a whole.

By Doruk O

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Sep 28, 2022

It is indeed a great educational course for people who have knowledge about the basic structure of Economy and Banking systems.  

By M. L G

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Apr 1, 2020

Very progressive, interesting, maybe too complex for my goals in the last weeks. Highly recommended to understand today's world.

By Parth G

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Sep 20, 2017

Mind Blowing approach to teach. Got the new angles of the economy and banking. Expanded the vision significantly on the subject.

By Erik M

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Sep 6, 2018

Really interesting. Sometimes a bit difficult to follow and vague, but yes, certainly a pleasant and worthwhile experience.

By Jiao S

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Apr 7, 2018

Probably the most amazing course I have ever taken in economics and finance. I would definitely recommend to every student!