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

4.9
stars
1,545 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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126 - 150 of 410 Reviews for Economics of Money and Banking

By Chen L

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Jan 21, 2017

The course teaches systematically, links up money markets and capital markets and at the end opens a new way of thinking about economics and finance.

By Jesus S

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Sep 17, 2018

Great course, substantial breadth. Explains many details usually left out in standard International Finance/Money courses. Thank you Profr. Mehrling

By Kolybina A

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Mar 28, 2017

I was impressed by the manner of professor to tell this money story! It was really fascinating to view complicated money schemes as an amazing quest

By Steven R

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Feb 13, 2017

This course blew my mind. Our professor was interesting, lessons well planned and content important. I now read the Financial Times daily. Thank you

By Agustin P

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May 10, 2019

Excellent course, new and insightful approach on the subject matter. Highly relevant for modern day finance and economics and the challenges ahead.

By Rajya M

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Jul 20, 2020

Prof. Perry Mehrling has presented the course with linkage of traditional and shadow banking and loved taking his classes. Thank you Coursera :)

By daniel p

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Nov 4, 2022

Absolutely incredible. The only issue with it are quite a few of the videos have now become a bit glitchy. The content, however, is eye opening

By Jayesh A

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Mar 3, 2023

Excellent course! Complex concepts explained in a very easy to understand manner. Highly recommend taking it to understand Banking concepts!

By Roman S

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May 31, 2020

A mind-blowing course that helps you build an intuition about the nature and the current state of money (and to some extent capital) markets.

By Pramanshu R

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Jul 29, 2017

Quite exhaustive course covering details about banking and finance. Amazing Professor, good content. The focus on current events is good too.

By ARIOLI S

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May 1, 2021

One of the most useful and original perspective in understanding the world. Money, banking, finance, economics as branches of human history.

By Mahmood A K E

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Aug 3, 2017

Really amazing in terms of views and knowledge to be acquired.

I would highly recommend the course to anyone looking to expand in the domain.

By Shiba P

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May 23, 2021

This course is very much relevant to those who want to know the evolution of banking and finance along with the monetary system of banking.

By Min M Z

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Jan 1, 2021

Very structural and high-level view across finance, economic and money market. And I like how passionate the professor is when he teaches:)

By Max M

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Nov 18, 2021

Excellent presentation skills of Mr. Mehrling who gives interesting and useful insights into the money market and financial institutions.

By Yechen H

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Jul 5, 2017

A different way to look at today's Financial World. The material is well structured and easy to understand. Thank you Professor Mehrling.

By Miquel B L

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May 27, 2020

Excellent course with very enlightening explanaitions of how the modern financial system works thorugh the lenses of monetary economics.

By Carlos G S

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Jul 3, 2021

Fundamental for the understanding of the banking and financial world, the crisis, and how dealers play an important role in the economy

By Peter S

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Jan 23, 2021

Great course providing insight into the money view of the world! A much needed realistic alternative to the finance and economics view.

By Michele C

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Sep 6, 2020

Very interesting and unusual course on banking system held by a good professor who is also inspired by the history of economic thought.

By Thoshitha

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Jan 2, 2017

The basics were well taught and understandable in 1 time view of video and the standards of the university are great! Thanks coursera!

By خالد س ا

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Jul 1, 2022

I learned and benefited greatly from this course that it teaches you very important interests in the economy and in the banking field

By Alexandros G

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Apr 26, 2022

An excellent course from a most inspiring professor. Building slowly from the basics and leading to understanding of today's economy.

By Sushant G

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Jun 8, 2020

Excellent course by Professor Perry G Mehrliing. Learned a lot on money and banking. I can read FT now.

Thanks to Columbia University.

By Atulya S

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Jun 11, 2017

Amazing insights into the evolution and working of money markets.Last chapters tying to economic theory could have been more detailed