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Economics of Money and Banking に戻る

Economics of Money and Banking, コロンビア大学(Columbia University)

4.9
618件の評価
156件のレビュー

このコースについて

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....

人気のレビュー

by 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.

by 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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151件のレビュー

by KARTHI

May 11, 2019

THIS COURSE HELP ME TO GAIN NEW KNOWLEDGE AND HELPS ME TO IMPROVE MY PROFILE

by Agustin Pedrazzoli

May 10, 2019

Excellent course, new and insightful approach on the subject matter. Highly relevant for modern day finance and economics and the challenges ahead.

by Alan Feng

May 03, 2019

So far just extremely insightful, inspiring and life-changing. Plus well-organized and well-explained.

by JOSHUA RAJU

Apr 30, 2019

Wonderful & insightful take as to how the world works

by Jean-Charles GRAND

Apr 29, 2019

Very interesting

by Jeremy Assous

Apr 28, 2019

Excellent course! Highly recommended for anyone interested in understanding the financial crisis.

by Vatsal Gupta

Apr 06, 2019

Working at a bank, I realized that economics and finance are in reality more driven by liquidity and money hierarchy than fundamental values. This course has given a very practical perspective on how the entire system evolved. The economics and finance they teach in schools need to come over the assumptions of perfectly liquid markets. The world is different. Let them prepare the coming generation about this since early age.

by Panchio Ricotta

Apr 04, 2019

Such great and complete course. Professor extremely professional and knowledgeable.

by Faisal naseem Khan

Mar 24, 2019

I have learned a lot from this course. This course has completely changed the way I see economy and finance. I remeber once warren buffet said in his AGM"few teachers can completely changed the way you see world for me it was ben graham".professor mehrling could be my ben graham. It was evident from professors lectures the amazing knowledge and skills he has. Specially the way professor interprets FT articles is superb.Sometimes this course do get tough and confusing and to clear that confusion you have to revise old lectures. This course has helped me to get better understanding of how global financial system works

by Vishwesh Rege

Mar 10, 2019

Some really complex topics explained in really simple and fundamental terms