Chevron Left
Voltar para Economics of Money and Banking

Comentários e feedback de alunos de Economics of Money and Banking da instituição Universidade Columbia

4.9
estrelas
1,419 classificações

Sobre o 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....

Melhores avaliações

BG

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.

PM

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:

251 — 275 de 375 Avaliações para o Economics of Money and Banking

por Akshat T

4 de jul de 2021

por Tyler H

28 de dez de 2020

por Manish S

10 de mai de 2020

por Deleted A

25 de mai de 2019

por Cristian M S

4 de nov de 2019

por ANNI G

6 de set de 2018

por Dr. N C K

30 de dez de 2017

por Sugam S

1 de fev de 2017

por Patrik C

21 de set de 2020

por Varun N

20 de set de 2016

por Mayur W

30 de nov de 2021

por Roberto C S A

4 de jul de 2020

por Isabella R

4 de abr de 2020

por Sheng Y

30 de jan de 2020

por Gerardo H J B

23 de ago de 2017

por Jesper o D

7 de set de 2019

por Sydney D L

31 de mai de 2019

por Jissa E

12 de abr de 2022

por Kevin T

17 de jul de 2017

por Jasurbek B

25 de dez de 2016

por Nisar A

6 de jul de 2022

por ali s

5 de jul de 2021

por Anoushka H

30 de ago de 2020

por Haran E

16 de mai de 2020

por Lilit

3 de nov de 2019