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.

AK

17 de nov de 2017

This course is really useful to me ... I was always interested on monetary and fiscal policies and associate mechanism in Macroeconomics and this course covers the Monetary part in good details.

Filtrar por:

276 — 300 de 375 Avaliações para o Economics of Money and Banking

por alexgesch

29 de jan de 2017

por Zhang Y

18 de jan de 2017

por Steven B

11 de ago de 2017

por mathieu.primot

28 de out de 2016

por Farhad N

1 de nov de 2021

por Andrei C

24 de ago de 2020

por Matas J

2 de out de 2019

por saurabh p

22 de jul de 2017

por Alexandre B

16 de jul de 2020

por Weijie Z

16 de mai de 2017

por Rob C

25 de out de 2016

por Maryam M E

28 de jun de 2020

por David N ( N

2 de fev de 2018

por Winsion

25 de jul de 2020

por Ming T D W

19 de out de 2016

por gagan d

19 de mai de 2020

por Jeremy T

1 de mai de 2020

por Jin S

8 de jul de 2019

por 賀維格

12 de dez de 2017

por 钟政昊

11 de mai de 2017

por Ed G

12 de abr de 2017

por Marcus G

30 de out de 2021

por BHASKAR A

14 de abr de 2020

por Carlos M

5 de out de 2020

por Fernando E D

28 de jul de 2020