Brainard, W. Bruno, M. Cukierman, A. Eijffinger and L. Leiderman and L. Eckstein, Z. Hercowitz and L. Eijffinger and H.
Economics of Money and Banking, Part One
Debelle, G. Fuhrer ed. Parkin ed. De Long, J. Devereux, M. Downes, P. Eijffinger, S. Fischer, S. Capie, C.
Goodhart, S. Fischer and N. Flood, R. Goodhart, C. Grilli, V. Havrilesky, T. Herrendorf, B. Hinton-Braaten, K. Hochreiter, E. Holtfrerich, C. Johnson, D. Kydland, F.
Working Papers & Publications
Leiderman, L. Letterie, W. Strategy or Constraint? Lippi, F. Logue, D. Lohmann, S. Maxfield, S. McCallum, B. McKinnon, R.
ECON – The Economics of Banking - University of Oslo
Melitz, J. Giavazzi, S. Micossi and M. Meltzer, A. The financial crisis of 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.
ECON4335 – The Economics of Banking
Taught by Perry Mehrling. Tags usa. Browse More Coursera Articles. Browse More Economics courses. This is an excellent class to really understand money and banking. Mehrling is an excellent teacher who looks past abstract Keynesian vs. That being said, understand that this is not a casual "survey" course; if you're going to get the most out of the class, you have to work with the material. Was this review helpful to you? The best MOOC i had over Excellent way to explain the crisis of actual economic models, and proposes a new approach through the money view.
A sure candidate for nobel Prize i few years Dont miss it.
Really great course, great profesor. I studied economics and this course was great for me since we get a different, more realistic view of the money market and the banking sector.
- Plutarch: Lives of the Noble Grecians and Romans.
- ECONOMICS AND BANKING.
- ECONOMICS AND BANKING | Università degli Studi di Siena;
I took a half dozen of classes so far in the field of Finance, Economics and English language, but this course stands above all. Thank you Professor. A beautifully crafted course. It offers a different-old-new way to see the money market and the work of the central bank.