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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

GG

Oct 13, 2019

Fantastic content, it explains how banks work behind the scenes and many intricacies of the current financial system. Super suggested even to those who don't have a financial background.

KD

Jul 27, 2020

Very helpful course. Professor is very knowledgable in the field and way of teaching is easy to follow. Help to understand the modern money system and capital market.

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201 - 225 of 447 Reviews for Economics of Money and Banking

By Zongxi Y

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May 20, 2017

This course is really useful and help me know more about the relationship between Money and Banks

By Aurélien R

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May 7, 2017

Great course !! Very interesting and the teacher is great. The understanding is quick and simple.

By Yevhen S

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Jan 1, 2025

I like to talk a lot, but here I'm speechless. It's something that can't be described in words.

By MICHELE F

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Jan 3, 2022

Amazing course! The teacher is great and he focused on the deep meanings of monetary economics.

By Silvester V

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Aug 23, 2021

rockstar course. great quality content, engaging professor. doesn't get much better than this.

By Matheus d S C

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Jun 22, 2020

Ótimo curso para pessoas que estão buscando aprimorar seus conhecimentos em economia mundial.

By antonio b

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Jun 3, 2020

Amazing Course on finance! It should be available to all graduate student in all disciplines!

By Sudarsan S

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Mar 20, 2022

One of excellent expereicne of attending classes online (Video) and got clarity of thoughts

By Cristian E E N

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Feb 12, 2020

Very good course and excellent teacher! You can see his passion for the subjects he teaches.

By Shahab M

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Jan 24, 2019

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

By Abolfazl B

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Jan 31, 2024

This is an amazing course for those who want to know about the banking system and Payment

By Jesús P

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May 2, 2020

Impresionante el curso, la mejor formación sobre el negocio bancario que he podido tener.

By Joviano C

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Dec 23, 2019

This is a very good course, with a whole perspective about how the banking system works.

By John B

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May 12, 2021

Fantastic. Excellent teacher, I learned a lot. Thanks for putting this course together.

By Toheeb A

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May 17, 2020

It is an eye opener for me essentially as regards how banking system works in our world

By Maisha S

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Mar 28, 2022

Great refresher and coneects the dots across disciplines, e.g., finance and economics.

By Rene F

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Dec 8, 2019

A staple for those that want to understand the current mechanics of money and banking

By Gustavo G

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Oct 30, 2018

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

By Ruperto U

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Mar 18, 2021

Really interesting topic and very well explained by Prof. Mehrling. Congratulations

By Panchio R

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Apr 4, 2019

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

By Axander L

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Mar 3, 2017

Fantastic course and Professor Mehrling is an incredible mentor with great insights

By Eduard B

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Jul 29, 2022

Amazing, engaging, and highly informative course. I would thoroughly recommend it!

By Kingtau M

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Sep 15, 2020

I enjoyed learning from this course. The lecturer is truly an expert in his field,

By Soar L

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Jul 15, 2023

very logical， very comprehensive to understand the banking systems for beginners.

By Dmytro

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Aug 7, 2017

Excellent course providing in-depth understanding of modern finances and banking.