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

4.9
stars
1,686 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 12, 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.

PM

Jun 26, 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.

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301 - 325 of 446 Reviews for Economics of Money and Banking

By Yincan S

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Jan 30, 2020

一个非常棒的课程，非常适合理科生，可以学到非常多现实世界中适用的东西，值得学习。

By Gerardo H J B

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Aug 23, 2017

Extraordinary course! Really insightful.

By N R

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Sep 25, 2025

good arranged things, thanks a lot team

By Jesper o D

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Sep 7, 2019

Brilliant, a constant source to think!

By Sydney L

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May 31, 2019

A good class to know about the subject

By Deivit L B

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Aug 30, 2023

Really learned a lot from this course

By Jissa E

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Apr 12, 2022

Well explained and easy to understand

By evan r

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Jul 17, 2017

Outstanding presentation all around !

By Jasurbek B

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Dec 25, 2016

Good MOOC with distinguished lecturer

By Nisar A

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Jul 6, 2022

The best course in Money and Banking

By ali s

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Jul 4, 2021

best course about economics of money

By Anoushka H

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Aug 30, 2020

Great course! Helped me learn a lot.

By Haran E

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May 15, 2020

THE COURSE WAS GREAT AND AWESOME !!!

By Lilit

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Nov 3, 2019

Amazing professor and amazing class!

By Alexander

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Jan 29, 2017

Great course with a lot of insights!

By Zhang Y

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Jan 18, 2017

Real course, learned a lot from Prof

By Guilherme B G

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Mar 16, 2023

Outstanding professor and material

By Steven B

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Aug 11, 2017

Excellent material and instructor.

By Mathieu P

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Oct 28, 2016

A very clear introduction to money

By Barbare S

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Oct 7, 2024

Very great! worth time and effort

By Mason N

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Oct 31, 2021

now you are talking Jeff Snider!

By Andrei C

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Aug 24, 2020

Very interesting and entertaining

By Matas J

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Oct 2, 2019

Excellent course! Great lecturer!

By saurabh p

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Jul 21, 2017

make it more of a practical view

By Alexandre B

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Jul 16, 2020

Very good course and professor!