Economics of Money and Banking
Economics of Money and Banking, Lectures 1-6 of 12
Filmshake
The Big Picture of the Course
There are three main points to consider about this course:
This course is based on my book learning from sources like
Stiglitz and the Financial Times, rather than personal
experience in trading.
This course is focused on the present, using historical
knowledge as a foundation.
Listening to practitioners, like bankers, is important for
understanding the current financial system.
Using Historical Knowledge
This course is not solely about the history of economic
thought, but rather, it uses historical knowledge as a
framework to discuss the current world of monetary
economics.
Listening to Bankers
While bankers have expertise in specific areas of finance,
they often lack a comprehensive understanding of the
entire system. Academics can bring value by recognizing
, patterns and connections between different aspects of the
financial world.
Recommended Readings
These books provide the intellectual foundation for this
course:
"The Money Interest and the Public Interest" - A history of
American monetary thought by Fisher Black
"The Revolutionary Idea of Finance" - A history of the rise
of modern finance
Recommended Textbook
"The Money Markets" by Stigum is a desk reference used by
money market traders. While not required for trading, it
offers insights into the operations of the financial world.
Additional Resources
"New Lombard Street" by the instructor is a book about the
financial crisis and the history of the Federal Reserve.
Some chapters are assigned readings for the course.
Reading the Financial Times is an essential skill for this
course, as demonstrated by the final exam exercise to
translate an article from the Financial Times into English.
Understanding Modern Money Markets
Every day, I begin my lecture by reading an article from the
Financial Times and explaining its significance. This
newspaper is like a sacred text for the money tribe, and it
Economics of Money and Banking, Lectures 1-6 of 12
Filmshake
The Big Picture of the Course
There are three main points to consider about this course:
This course is based on my book learning from sources like
Stiglitz and the Financial Times, rather than personal
experience in trading.
This course is focused on the present, using historical
knowledge as a foundation.
Listening to practitioners, like bankers, is important for
understanding the current financial system.
Using Historical Knowledge
This course is not solely about the history of economic
thought, but rather, it uses historical knowledge as a
framework to discuss the current world of monetary
economics.
Listening to Bankers
While bankers have expertise in specific areas of finance,
they often lack a comprehensive understanding of the
entire system. Academics can bring value by recognizing
, patterns and connections between different aspects of the
financial world.
Recommended Readings
These books provide the intellectual foundation for this
course:
"The Money Interest and the Public Interest" - A history of
American monetary thought by Fisher Black
"The Revolutionary Idea of Finance" - A history of the rise
of modern finance
Recommended Textbook
"The Money Markets" by Stigum is a desk reference used by
money market traders. While not required for trading, it
offers insights into the operations of the financial world.
Additional Resources
"New Lombard Street" by the instructor is a book about the
financial crisis and the history of the Federal Reserve.
Some chapters are assigned readings for the course.
Reading the Financial Times is an essential skill for this
course, as demonstrated by the final exam exercise to
translate an article from the Financial Times into English.
Understanding Modern Money Markets
Every day, I begin my lecture by reading an article from the
Financial Times and explaining its significance. This
newspaper is like a sacred text for the money tribe, and it
