Chevron Left
Retour à Economics of Money and Banking

Avis et commentaires pour d'étudiants pour Economics of Money and Banking par Université Columbia

4.9
étoiles
1,420 évaluations

À propos du 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

BG

16 juil. 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.

AK

17 nov. 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.

Filtrer par :

301 - 325 sur 375 Avis pour Economics of Money and Banking

par Roberto Z

25 juin 2020

par 李艺凡

8 juil. 2018

par Omar F

24 déc. 2019

par Pham T T

17 mars 2017

par Richard H

27 nov. 2016

par Adam T

16 oct. 2016

par Sven H

28 oct. 2020

par 王星 [

4 sept. 2017

par PETER K

20 août 2017

par Marcus C

22 févr. 2022

par Ivan L

2 juil. 2019

par Jean-Charles G

29 avr. 2019

par Kaustubh T

16 févr. 2019

par Shingo K

7 avr. 2018

par Maduvha N

15 oct. 2017

par MAURICIO W

2 août 2017

par Hussain A

16 nov. 2016

par Савина О Д

23 déc. 2018

par 陈香

5 oct. 2016

par Christian A

28 févr. 2021

par Alexander

31 mars 2017

par JOEL R V

14 sept. 2020

par Josemartin C

24 déc. 2018

par Sebas G

26 avr. 2018

par Alejandro A

5 janv. 2018