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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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251 - 275 of 447 Reviews for Economics of Money and Banking

By zaki z k

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Jun 25, 2020

very clear, I just open my eyes to see how global economics works.

By Silvina C

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Aug 30, 2017

Great course, i really like how he started each class with the FT.

By Ricardo A

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Aug 26, 2022

Great. Unique complete review of modern money markets. Thank you.

By Victor A M T

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Jun 8, 2020

Excelente para quienes quieran iniciarse en el mundo de la banca.

By Henric C

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Jan 26, 2025

Excellent! Only wish professor Mehrling wrote a textbook on it!!

By Dante M

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May 5, 2021

Really interesting course and well explain by professor Mehrling

By Arun S

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Sep 1, 2019

Extremely useful for someone trying to understand modern banking

By Sivanaresh P

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Dec 17, 2019

Outstanding course with an extraordinary discussions & lectures

By Salvador R

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Jan 31, 2017

Very good! Exceptional in its explanation of the modern bankin

By Ayman T

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Jan 22, 2024

Really helped me with my economics mods in banking and finance

By Don C

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Sep 15, 2020

Thank you Professor Mehrling for making this course available.

By Marcel C

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Jun 25, 2017

The teacher is very good and knows what he is talking about :)

By Mikhail D

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May 11, 2017

Excellent lecturer! Very informative and easy to understand.

By PRAKHAR S

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Jun 7, 2020

the course was long and slightly hard but i learned a lot .

By Joshua A

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Sep 6, 2021

great course, great content, great teaching style........

By RAFAEL C

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Dec 13, 2019

Thank you for the course. it was an incredible experience.

By Ankur A

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Nov 12, 2017

very excellent studying material and an impressive faculty

By Henry S

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Aug 27, 2020

Excellent. Crucial to understand the way the world moves.

By Sameeksha A

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Jun 24, 2020

Good lectures ensuring understanding of concepts easily.

By mohamad r

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Nov 10, 2023

One of the best course about money, banking and economy

By Francisco J M G

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Mar 26, 2022

Muy interesante. tal vez sería conveniente actualizarlo

By Leonel C

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Aug 21, 2021

Amazing teacher, complex subject but clearly presented.

By Tobechukwu N

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May 20, 2021

A very well-structed course organized and put together.

By Rufat H

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Oct 20, 2019

It worth time spent watching it, learning and studying.

By Mohamed A

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Oct 10, 2016

this is very well informative and well presented course