Jul 17, 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.
Nov 18, 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.
von Fahad Y•
Jan 25, 2019
Excellent explanation of the way money moves the world we live in today. Brilliant professor who's passion and depth of understanding adds to the fascination of the world of money & banking.
von Faisal n K•
Mar 24, 2019
I have learned a lot from this course. This course has completely changed the way I see economy and finance. I remeber once warren buffet said in his AGM"few teachers can completely changed the way you see world for me it was ben graham".professor mehrling could be my ben graham. It was evident from professors lectures the amazing knowledge and skills he has. Specially the way professor interprets FT articles is superb.Sometimes this course do get tough and confusing and to clear that confusion you have to revise old lectures. This course has helped me to get better understanding of how global financial system works
von Kevin S•
Oct 07, 2017
Super insightful, I wasn't able to do a course in Money and Banking in university and I'm very glad I got to do this updated view on how banking works in the modern age. Excellent course
von Vatsal G•
Apr 06, 2019
Working at a bank, I realized that economics and finance are in reality more driven by liquidity and money hierarchy than fundamental values. This course has given a very practical perspective on how the entire system evolved. The economics and finance they teach in schools need to come over the assumptions of perfectly liquid markets. The world is different. Let them prepare the coming generation about this since early age.
von Georgios D•
Aug 30, 2019
Although I hold a BSc in Economics and an MBA, I have to admit that before taking this mooc I only had some vague macro-based ideas about the actual mechanics of banking. This mooc is an eye opener to the realities of our modern money & credit markets and institutions. I finally understood some heavilly complicated concepts, like derivative financial instruments, that are presented in a manner that builds intuition easily around their usefulness as tools, despite their heavy quant mathematics that always deterred me!
von BHAVYA K•
Jul 02, 2019
I think EMB is the best course out there if you'd like to learn how money markets and capital markets interact in the modern times. This is something very unlike what is taught in your regular macro or fin courses, which will start making much more sense after you've done well in this course. Highly recommended.
von Vishwesh R•
Mar 10, 2019
Some really complex topics explained in really simple and fundamental terms
von Brad H•
Dec 13, 2016
Professor Mehrling is fantastic. I found this course supremely interesting, and I learned an incredible amount from it. I would venture to say that most have not taken an economics course like this one before. This definitely felt like a real college course.. 13 weeks of lecture, 2.5-3 hours of lecture each week. I believe Professor Mehrling said in-class that the two prerequisites for this course (for Columbia University students, not Coursera users) are Intermediate Micro and Intermediate Macro, so the course is definitely fairly high-level. To put it into perspective, I was an Accounting/Finance major with Econ minor and have CPA/CFA. So while not "trained" in economics, I've had a fair amount of exposure, but I definitely felt intellectually challenged and frequently had to relisten to parts of lectures. Definitely recommend this course! Learned something every minute of every lecture.
von José G F Q d A•
Nov 28, 2016
This is a truly superb course, probably unique in its breadth, depth and realistic, fact-based approach to teaching money and banking. I particularly liked the systematic use of balance sheets for the presentation of the materials, the emphasis on History and institutions to understand the contemporary banking system, the explanations on the hierarchy of money and credit and of how all banking is essentially an exchange of IOUs (mostly created from thin air). The transition from traditional banking to shadow banking is very well explained. The role of the Fed as a liquidity backstop for the financial system, the eurodollar as a source of global funding and the causes of the financial crisis are all clearly presented. I'm now eagerly waiting for an updated version of the course, since the recorded lectures are from late 2012.
von alex h•
Dec 03, 2016
I found this to be an excellent introduction to how modern banking works. If this class grows increasingly popular, go long whatever company sells chalk because the professor consumes quite a bit as he sketches out a seemingly infinite number of T-accounts to illustrate the trading of money through multiple markets, including Fed Funds, EuroDollar, Repo, Swap and FX. By the end of the class, you get a good sense for the plumbing behind markets, and develop an alternative and practical view of what drives asset prices than what you perhaps learned studying economic or financial theory. You also gain an appreciation for how big shadow banking is globally, how all money is not created equal, and how the value of any asset can change drastically through the mechanics of the dealer system as investors discover this point.
von Alexandre Z R•
Oct 25, 2017
I did in my local university a course in Monetary Economics and then I did this. This course it's not a traditional course, if you know previously something about it, you will recognize this is a lifetime work of investigation, theorization, of a academic passion about how this trully work in markets. It's not a easy course, I have to repeat many weeks to get along. But Professor Mehrling structured the course with reading materials that give you a broader understading, he uses real data to explain and exemplify, he reads FT and discuss. I'm so grateful for this course, before that I used to think I knew monetary system. Now that I know much more I'm aware of my ignorance. Hope some day he make another course, or just update this one with the new events in the central baking world.
von hiroo y•
Aug 12, 2017
It starts very simple, but this is really a profound course. Begining from "what is money", it looks into classic banking, how things changed in the shadow banking system, what money markets do and how the players operate, especially the role of market making brokers. If you have some economics and/or finance back ground, this will have your views stand on their head, and then come back on their feet. You will have a changed view on central banking. I don't think anyone can completely absorb this in one go, but it will provide really stimulating and eye opening views on every section of the lecture.
von Nicolas H•
Dec 09, 2016
While the course presupposes a state and underconceptualizes or rather even ignores the law it still is the go to online course for anyone interested in the phenomenon that probably is as misunderstood as it is often mentioned: money. Specifically "global money". Perry has amazing teaching skills, too. You can tell he not only has taught this course a lot of times but he also loves what he's doing and keeps on getting an even better teacher. I've done this course multiple times and will probably keep doing it. There is so much in here to learn and to more deeply understand...
von Dhruba D•
Sep 10, 2017
Economics and Finance have always been explaining theories and concepts to students. Often when thought back/pondered upon, the theories are unable to explain all the queries of real life.
This course stitches through all the theories and present a very well thought out and a complete picture of the financial world. A very unique perspective and a rare perspective at that.
Highly recommended that you register and pay for this course. As it makes the learning so much more interesting, intriguing and gives us so much understanding of the money view of the financial world.
von Ranjana P•
Apr 29, 2017
Well structured course with an exceptionally insightful view of how the money markets works. The readings that are given are exceptional and I have learnt more about the financial markets that many other courses. Professor Mehrling is an exceptionally charismatic educator and takes us through a journey that clearly explains the crisis and gives us an alternative view that might just help make finance clearer to anyone. I really hope that unit two of this course will be recorded and be distributed by coursera.
von Andras I•
Nov 08, 2019
Challenging for someone like me with no economics background (other than the obligatory classes at university 20 years ago) but it's a well of knowledge and cleanly, conscisely presented. Only issue is at times feels a bit repetitive (even considering that the educator is trying to point out similarities in structure at different levels of the hierarchy) and a bit hard to keep the final point of the lecture in mind while going through some details. But overall learned a lot and had a good time studying!
May 15, 2017
This is an excellent course for those looking for a better understanding of how money & liquidity impact the global economy, particularly, how the transfer of risk through derivatives and swap contracts created a systemic risk of which few recognize until the financial crisis of '07-'09. I have a much better understanding of the interconnected nature of today's global financial system and the mechanism by which money and risk are transferred from taking this course.
von AP S•
Oct 05, 2019
A brilliant course for those interested in an in depth understanding of how the money markets work. Professor Mehrling is amazing at what he does! You don't need to have an economics background to appreciate the course (and you will be glad if you don't as the course opens your eyes to how inadequate academic economics is in understanding the real world today). Highly recommend. Accompanied by great readings and course material as well.
von Jorge C•
May 28, 2017
Excellent course and concise overview! I highly recommend this course for the novice or advanced novice to the money markets. I walked away with a better understanding of that ocean of detail and theory, and I am now more confident knowing its effect on the capital markets. Most importantly, I know where to focus my time in this area and where to find key data/info given my career role. Thank you again! Best,
von amarendra H•
May 14, 2017
My ability to understand the functioning of Central banks and the effects of their actions on global financial markets have improved greatly after the completion of this course. Prof Perry Mehrling was greatly knowledgeable person and was very effective in transferring his in-depth knowledge through this course. I am glad that I have enrolled for this course and completed it successfully.
von Denis M•
Jul 11, 2017
This is a really good course tackling a very difficult subject.
Though my brain still hurts when I engage with the subject matter, I feel the lectures have shone quite a lot of light on the obscurities of money and banking. The lectures are clear and thorough and I particularly like the way the concepts we learn are brought to bear on current news (e.g. examining FT articles).
von Benjamin F•
Aug 19, 2018
Really good, but because English is not my mother tongue I will maybe go trough the course a second time. The second half of the course is more demanding, but nonetheless interesting. To be honest I did not read all the articles by due time, some of them are quite long. This is the best course I finished so far on coursera.
von Vinay R P•
Jul 15, 2017
Learned a lot from this course. Contains detailed information on Money and Banking .
Best part was when Prof Perry G Mehrling talks at the beginning of the course about relationship between the subject and analysis of Financial Times.
Having completed the course, I am able to understand the depth of challenge he threw.
von Bojie S•
Jan 07, 2017
The content and idea provided in the course are simply amazing! The best ever I had on Coursera and I really appreciate all the research effort made by Professor Perry Mehrling. Hope many more people using Coursera could have a look at the innovative ideas explained by Professor Mehrling in money market and finance.
von Jennifer H•
Jan 07, 2020
I am very lucky to find this course as my PhD thesis is about "the Banking evolution and bank performance". I looked for relevant literature to understand the phenomenon of Banking evolution and this course is exactly what I needed. Thank you very much! I am the one holding the minority view as well.