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

4.9
stars
1,619 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

BG

Jul 16, 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.

PK

May 28, 2020

The "Economics of Money and Banking" course provided an inspiring look on the modern international finance system. Definitely, recommending it for both newcomers and already experienced students.

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326 - 350 of 426 Reviews for Economics of Money and Banking

By Ed G

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Apr 12, 2017

Extremely interesting!

By Shah k

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Jul 1, 2024

I got real experience

By Marcus G

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Oct 30, 2021

i have learn a lot...

By BHASKAR A

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Apr 14, 2020

very well structured.

By Isgar B

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Feb 16, 2024

Good overview course

By Naeem T

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Jul 6, 2023

highly recommended!

By Carlos M

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Oct 5, 2020

Excellent professor

By Fernando E D

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Jul 28, 2020

A very good course.

By Roberto Z

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Jun 25, 2020

Brilliant course...

By 李艺凡

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Jul 8, 2018

Very Good Materials

By GURCHINT P S

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Jun 2, 2024

AMAZING KNOWLEDGE.

By Pallab M

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Feb 6, 2024

Outstanding course

By Omar F

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Dec 24, 2019

Excellent course !

By Pham T T

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Mar 17, 2017

really very good !

By Richard H

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Nov 27, 2016

Thanks Dr, Mehling

By Adam T

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Oct 16, 2016

Very comprehensive

By Ricardo V

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Oct 11, 2023

Maravilloso curso

By Sven H

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Oct 28, 2020

Best course ever!

By 王星 [

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Sep 4, 2017

Thanks very much!

By PETER K

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Aug 20, 2017

Excellent course.

By MANUEL P M

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Aug 21, 2024

Very good course

By Marcus C

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Feb 22, 2022

Excelent course!

By Ivan L

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Jul 2, 2019

Excelente curso.

By Jean-Charles G

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Apr 29, 2019

Very interesting

By kaustubh t

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Feb 16, 2019

so much to learn