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Economics of Money and Banking, Université Columbia

4.9
555 notes
145 avis

À propos de ce cours

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....

Meilleurs avis

par BG

Jul 17, 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.

par AK

Nov 18, 2017

This course is really useful to me ... I was always interested on monetary and fiscal policies and associate mechanism in Macroeconomics and this course covers the Monetary part in good details.

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141 avis

par Kaustubh Tendolkar

Feb 16, 2019

so much to learn

par Sheraz Khan

Feb 05, 2019

Simply the best. A well constructed course with some excellent reading material. Professor Mehrling was excellent. Thank you Professor, Columbia University and Coursera for making this wonderful course available to thousands of students all over the world.

par Fahd Younus

Jan 25, 2019

Excellent explanation of the way money moves the world we live in today. Brilliant professor who's passion and depth of understanding adds to the fascination of the world of money & banking.

par Shahab

Jan 24, 2019

Exceptional. Really fascinating course for a regular person to understand money and banking.

par Jose Martin Casillano

Dec 24, 2018

It was great!

par Савина Ольга Денисовна

Dec 23, 2018

Awesome course!

par Addison Lewis

Dec 11, 2018

Fascinating course that has well-explained in depth information about viewing the financial and economic landscape from the "Money View" and studying the evolution of banks, hierarchy between money and credit, liquidity vs solvency, the survival constraint, and more.

par Oludamilare Adesola

Nov 22, 2018

Very Insightful and extremely intense.

par soto hamamoto

Nov 06, 2018

It was awsome to know and learn economics from the different point of view from a view which I'm learning in Japan

par Gustavo Garcia

Oct 29, 2018

Es excelente. Por su teoría, por su fundamentación y por la metodología de enseñanza.