Money and Banking: What Everyone Should Know

by Michael K. Salemi

Streaming video, 2011

Status

Available

Call number

332.1

Publication

Great Courses (2011), 18 hours, 36 lectures, 286 pages

Description

Business. Nonfiction. HTML: Money and finance play a deeply fundamental role in your life. Now, let an expert professor lead you in a panoramic exploration of our monetary and financial systems, their inner workings, and their crucial role and presence in your world. As a guiding theme of these 36 content-rich lectures, you observe the ways in which economies require efficient and evolving financial institutions and markets to fulfill their potential. In building a full view of our financial system, you delve into these and other vital subjects: central banks, commercial banks, and the Federal Reserve; interest rates and interest rate policy; bonds and stock markets; and foreign exchange and international banking. Across the arc of this lecture series, you'll tackle key topics that shed light on the functioning of our financial system as a whole. You study the critical subject of inflation and its relationship to the consumer price index and to excess money growth. You'll investigate the causes and implications of the federal deficit and the national debt. In the international arena, you'll learn about the implications of trade deficits in global economic relationships and the question of monetary policy coordination between nations, weighing the significant benefits to the global economy of cooperation between central banks. This is a rare chance to gain a grounded understanding of our monetary and financial systems, and to grasp the vital elements of finance that directly affect our way of life, our national concerns, and your own life and future..… (more)

Language

English

Original language

English

Local notes

[01] The importance of money [02] Money as a social contract [03] How is money created? [04] Monetary history of the United States [05] Local currencies and nonstandard banks [06] How inflation erodes the value of money [07] Hyperinflation is the repudiation of money [08] Saving-the source of funds [09] The real rate of interest [10] Financial intermediaries [11] Commercial banks [12] Central banks [13] Present value [14] Probability, expected value, and uncertainty [15] Risk and risk aversion [16] An introduction to bond markets [17] Bond prices and yields [18] How economic forces affect interest rates [19] Why interest rates move together [20] The term structure of interest rates [21] Introduction to the stock market [22] Stock price fundamentals [23] Stock market bubbles and irrational exuberance [24] Derivative securities [25] Asymmetric information [26] Regulation of financial firms [27] Subprime mortgage crisis and reregulation [28] Interest rate policy at the Fed and ECB [29] The objectives of monetary policy [30] Should Central Banks follow a policy rule? [31] Extraordinary tools for extraordinary times [32] Central bank independence [33] The foreign exchange value of the dollar [34] Exchange rates and international banking [35] Monetary policy coordination [36] Challenges for the future