Chevron Left
Volver a Economics of Money and Banking

Opiniones y comentarios de aprendices correspondientes a Economics of Money and Banking por parte de Universidad de Columbia

1,389 calificaciones

Acerca del Curso

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....

Principales reseñas


16 de jul. de 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.


26 de jun. de 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.

Filtrar por:

1 - 25 de 372 revisiones para Economics of Money and Banking

por Fahad Y

25 de ene. de 2019

por Faisal n K

24 de mar. de 2019

por Vatsal G

6 de abr. de 2019

por Brad H

13 de dic. de 2016

por Kevin S

7 de oct. de 2017

por Georgios D

30 de ago. de 2019

por Barbara G

17 de jul. de 2017

por Jason H

6 de oct. de 2021

por Damon W

18 de abr. de 2020

por Aparajita K

17 de nov. de 2017

por Prathamesh M

27 de jun. de 2020

por Giorgio G

13 de oct. de 2019

por Fabio M

6 de mar. de 2021

por Alex H

3 de dic. de 2016

por Carlos C

23 de ene. de 2020

por hiroo y

12 de ago. de 2017

por Constantin B

6 de sep. de 2020

por Alfonso G Y

30 de may. de 2020

por Bhavya K

2 de jul. de 2019

por choice_yun

30 de jul. de 2020

por Food a A O o t U

11 de jul. de 2020

por Shawn S

6 de dic. de 2020

por giuseppe t

6 de sep. de 2020

por Vishwesh R

10 de mar. de 2019

por Manan M

10 de oct. de 2020