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

4.9
stars
1,694 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

SS

Dec 6, 2020

Very well explained and easy to follow for a non-finance/economics person. If you want to have a deeper understanding of the Financial Times or The Economist, I highly recommend this course.

PM

Jun 27, 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.

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276 - 300 of 447 Reviews for Economics of Money and Banking

By Lim K B J

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Apr 15, 2020

Very intellectual and stimulating course , thank you !

By ARBAZ A

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Apr 24, 2022

is so good for learning and any certification courses

By Giorgio G

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Jul 30, 2020

Probably the most interesting course I've ever taken!

By JOSHUA R

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Apr 30, 2019

Wonderful & insightful take as to how the world works

By AlfredZhao

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Oct 12, 2016

I got a better structure to think about money market.

By RathnammaPrakash K

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Jul 2, 2025

Good training session, it very helpful to our work

By Fraser K

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Jun 24, 2020

Great lecturer who makes the course so interesting

By Le W

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Apr 20, 2020

可能还是需要很多背景知识，比如微经宏经，比如finance比如banking 才能看得懂。比较吃力

By Alina L

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Feb 6, 2024

Very good materials! I enjoyed the course a lot.

By khumbula K

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Jan 8, 2024

It was the best ,just waiting on the certificate

By Mordechai C

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Jun 11, 2018

Awesome, one of the best classes I have taken!!!

By Nicole G C

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May 1, 2024

one of the smartest professor I have ever seen!

By Akshat T

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Jul 5, 2021

Great Course, loved learning alot of new things

By Tyler H

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Dec 29, 2020

This course has everything business people need

By Manish S

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May 10, 2020

The Best Course to Understand Money and Banking

By Deleted A

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May 26, 2019

Great course with great Information & materials

By Cristian M S

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Nov 4, 2019

Excelent course and the professor is the best.

By ANNI G

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Sep 6, 2018

It really gives you some deep facts of money.

By Dr. N C K

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Dec 30, 2017

Exactly as a MOOC should be! Great Professor

By Sugam S

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Feb 2, 2017

One of the best course I had till now. BEST!

By Patrik C

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Sep 22, 2020

High level of finance and banking learning.

By Varun N

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Sep 21, 2016

Great material ... unlike any other course.

By grufd o o

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Jun 28, 2025

One of the greatest course I've followed !

By Jon M

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May 31, 2023

Very good course from a true banking nerd.

By Mayur W

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Nov 30, 2021

Extremely beautifully explained concepts .