#41 overall
Economics of Money and Banking
Coursera
11 recommenders · 12 threads · recommended in 7 years, 2015–2022 · score 13.3
Perry Mehrling's Coursera course on how money, banking, and the monetary system work, covering central banks, the money market, repos, and the historical development of settlement and payments.
Commenters call it a great, real-world introduction to how the monetary system works, with one calling it the best online course they've taken.
Business, Finance & Economicsintermediatefreevideo lectures#money#banking#monetary system#central banks#repo markets#mehrling
Recommendations by year
20062026
This is the best online course I've ever taken:
https://www.coursera.org/learn/money-banking
The professor explain the financial system very well using fairly recent and historic events.
The Coursera course "Economics of Money and Banking" is fantastic, and focuses on real-world mechanics rather than theory. You should be able to view archived lectures if there isn't an active course: https://www.coursera.org/course/money
Made an account only to suggest checking out Perry Mehrling‘s work. He has a Coursera course for free which will change the way you look at economics entirely.
I‘ve studied economics and political economy for years and never seemed to be able to tansfer the micro/macro models to the real world. Perry‘s work doesn’t have to be transferred b/c they come from the world of banking in the first place.
Perry is best consumed in lectures. Here one on Eurodollar [1].
[1]: https://m.youtube.com/watch?v=tUi-xTmOCUE
Yep, and it's not some new-fangled form of finance, it is the entire history of finance. There is a hierarchy of money, and it has always been so.
I highly recommend this Coursera course to shed light on this: https://www.coursera.org/learn/money-banking
https://www.coursera.org/learn/money-banking
Sorry about that! Yes, I agree, it's quite nice to be able to have such conversations.
If you want to learn more about the modern monetary system I would recommend doing Perry Mehrling's - "Economics of money and banking" course. It's on Cousera but some of the lecture notes are available here [0]. Thoroughly recommend it! Cheers
[0] https://www.naturalmoney.org/moneyandbanking-01.html
Dollars in your pocket (not 70%, but 100% of them) have been created out of paper, after a swap of figures on a balance sheet (that you call “thin air”). The number of paper dollar didn't increase by ~70% this year, what did is an economic aggregate called M1 which is a conventional (since the sixties) way of counting certain things. It ISN'T some fundamental value of what-money-is®. Most of the dollar every American own (their bank account, and their savings) have never been part of M1, so this money wasn't affected either.
The monetary system is a complex thing, and the landscape is changing at a fast pace since 2008, which makes it even harder to graps. Unfortunately, most cryptofans didn't even try to understand it, and they keep parroting the almost 100 years-old Autrian critique of central-banking without any kind of cognitive effort: “It's obviously broken, so I'm not going to try understanding it”.
For people without prejudices, interested in understanding the subject, I strongly recommend Perry G Mehrling's lecture on the Economics of Money and banking on coursera: https://www.coursera.org/learn/money-banking
Economics of Money and Banking by Perry Mehrling - https://www.coursera.org/learn/money-banking
Great course to learn about monetary systems, central banks and its effects on financial markets.
The whole history of settlement is really fascinating starting from correspondent balances to Clearinghouse (now CHIPS) to central bank clearing. I highly recommend Economics of Money and Banking course on Coursera if anyone is interested to learn more.
"Economics of Money and Banking" - https://www.coursera.org/learn/money-banking is a great course on the structure and operation of the money market, including repos. It's way more complicated that I ever imagined.
The BIS report "September stress in dollar repo markets: passing or structural?" https://www.bis.org/publ/qtrpdf/r_qt1912v.htm
I'm self taught mostly from books and MOOCs and arguing with friends of mine who are actual economists. Perhaps my lack of formal economics training is another reason not to listen to me.
If you're interested in going deep on this stuff, I highly recommend this MOOC:
https://www.coursera.org/learn/money-banking
He doesn't talk about basic income, but this class really helped me understand the nature of money and economic policy.
If you're curious about more about the economics of a deficit-funded basic income, I'm working on a paper about that. Here's the abstract:
https://drive.google.com/file/d/0B9KDLUTAOkduOXdNQWl3REw4eWc...
Feel free to email me if you're interested in reading the full paper. It's over 50 pages long, but it's not very mathy and should (hopefully) be accessible to non-economists.
I recommend Perry G Mehrling [Columbia], (free) course on coursera [1] called Economics of Money and Banking. It provides a great context for how the current monetary system works. This context helps a bunch when comparing it to crypto.
[1] https://www.coursera.org/learn/money-banking/home/welcome
https://www.coursera.org/course/money https://www.coursera.org/course/money2 I took the first of these and intend to take the second, which I think came out as Coursera's top course at one point. There's a lot to learn here about what money is and how banks operate. That necessarily involves a historical perspective.
With the world's currency, I didn't mean the "single" currency. I meant the world's currency like the gold was for many years, or the dollar is nowadays. You used to be able to go anywhere and either buy things with gold or exchange it fairly easily for local currency. Same thing happens nowadays with the dollar. However, the American dollar is losing its preponderance in world trade. The Chinese are pushing really hard to fill that spot with the yuan, this is one of the reasons behind their recent gold fever. [1] Even though, they don't have a gold backed yuan, and probably never will. Gold reserves, together with foreign exchange reserves[2] make a currency stronger, since in case that the Yuan starts to depreciate the Chinese Government can always sell those reserves and buy Yuan's increasing it's demand and consequently increasing its price.
I have an economics background, and I've studied some finance, but I don't think I can give you a good enough answer. If you are really interested I rather you looked online or asked somewhere else (maybe reddit?). Nevertheless the straightforward answer is: Monetary Policy. However, in order to get into monetary policy, I believe that you'd probably need to know the basics about economics, the Mankiw is a good start [4]. Afterwards, I would suggest you to read something from Taleb, maybe The Black Swan, since economics it's full of BS, and this book will serve as a compass. Finally, I would advise you to take the class: Economics of Money and Banking [6] from Columbia on Coursera.
[1] http://www.ibtimes.com/chinas-gold-fever-rises-showing-no-si...
[2] China has the highest foreign exchange reserve in the world http://en.wikipedia.org/wiki/Foreign_exchange_reserves_of_th...
[3] http://en.wikipedia.org/wiki/Monetary_policy
[4] http://www.amazon.com/Principles-Economics-N-Gregory-Mankiw/... If you are interested don't get scared by the price tag, buy any older editions which are almost as good as this one and will cost you a fraction.
[5] http://www.amazon.com/The-Black-Swan-Improbable-Robustness/d...
[6] https://class.coursera.org/money-002