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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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201 - 225 of 426 Reviews for Economics of Money and Banking

By Jesús P

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May 1, 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 16, 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 27, 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 29, 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 28, 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 6, 2017

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

By Cagdas R O

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Jan 11, 2017

awesome professor interesting lectures thank you columbia university and coursera

By Waqas A W

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Apr 6, 2021

best course of economics and finance, love it so much

Thanks a lot Coursera Team

By Jimena M M

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Oct 14, 2018

AS an economist working in external statistics at the national bank of Belgium

By Beau B

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Jan 18, 2017

One of the most interesting and fascinating courses I've watched on Coursera!

By Isha S

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Feb 28, 2022

I learnt a lot through this course. Was extremely inspired by the Professor.

By Harish

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May 19, 2020

The Course was very useful and it was interesting learned lot of new things.

By KARTHI

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May 11, 2019

THIS COURSE HELP ME TO GAIN NEW KNOWLEDGE AND HELPS ME TO IMPROVE MY PROFILE

By 洪承恩

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Jan 11, 2023

這門經濟學課程就像是真實在大學課堂上課一樣，教的知識很新穎，上課也很充實，讓我對貨幣的概念開了眼界。這門課值得學生付出心力完整修習，一定有很大的收穫。

By José R P V

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Jul 26, 2020

Thank you so much, professor Mehrling. It was such an very interest course!

By Öykü Ç

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Mar 13, 2024

I learned so much from this course, thank you to everyone who was involved

By Halim B A K

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Oct 28, 2024

An insightful short course that really useful in real life economic world