![Certificate Economics of Money and Banking](https://kzhu.ai/wp-content/uploads/2023/05/Coursera-XPK3XUTMSVL6.jpg)
My 132nd certificate from Coursera
Economics of Money and Banking Columbia University This full-semester course is a masterpiece! It definitely will change the...
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Shadow Banking
Shadow banking is “money market funding of capital market lending”. Financial globalization and the revolution of modern finance...
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Interest Rate Swaps and Credit Default Swaps
Interest Rate Swaps The interest rate swap come into being because of certain kinds of market imperfections that...
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Forwards and Futures
Economy is coherent, it has structure to it. The discipline of the clearing constraint that forces people, whether...
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Indirect Finance and Direct Finance
Shadow banking refers to money market funding of capital market lending. We essentially need to extend the money...
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Global Liquidity and Foreign Exchange
International Transaction in 19th Century Suppose we have a surplus country which is selling goods and receiving bills...
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Chartalism and Metallism
We have been thinking the hierarchy of money, with reserves (or currency which is the liability of the...
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Banking as Market Making
Funding liquidity is the ability to raise money. Market liquidity, on the other side, is the ability to...
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Wholesale Money Markets: Repos and Eurodollars
Repo Market Repo (someone calls it RP) is an overnight collateralized loan, organized as a simultaneous sale and...
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Federal Funds and Final Settlement
Recall the hierarchy of money, the Fed is sort of at the top, it can create this high...
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The Central Bank as a Clearinghouse
It is unusual to think about banking as a system of payments, and central banking as a clearing...
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The Flow of Funds Theory
Hyman Minsky had something called financial instability hypothesis, suggesting that there was something inherently unstable about financial system...
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From National Banking System to Federal Reserve
A few things about Allyn Young He goes against economic orthodoxy. There are 3 dimensions where he is...
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The Natural Hierarchy of Money
Banks There are sorts of 2 issue arise when we are thinking about banks: There is a link...