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Economics of Money and Banking, 哥伦比亚大学

4.9
593 個評分
150 個審閱

課程信息

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....

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創建者 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.

創建者 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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145 個審閱

創建者 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.

創建者 Panchio Ricotta

Apr 04, 2019

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

創建者 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

創建者 Vishwesh Rege

Mar 10, 2019

Some really complex topics explained in really simple and fundamental terms

創建者 Kaustubh Tendolkar

Feb 16, 2019

so much to learn

創建者 Sheraz Khan

Feb 05, 2019

Simply the best. A well constructed course with some excellent reading material. Professor Mehrling was excellent. Thank you Professor, Columbia University and Coursera for making this wonderful course available to thousands of students all over the world.

創建者 Fahad Younus

Jan 25, 2019

Excellent explanation of the way money moves the world we live in today. Brilliant professor who's passion and depth of understanding adds to the fascination of the world of money & banking.

創建者 Shahab

Jan 24, 2019

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

創建者 Jose Martin Casillano

Dec 24, 2018

It was great!

創建者 Савина Ольга Денисовна

Dec 23, 2018

Awesome course!