Economics Of Money And Banking {MOOCs}

• start date: Sep 1st 2013
• end date: Oct 20th 2013
• platform : Coursera
• status : Ongoing

https://class.coursera.org/money-001/

Notes

• banks of banks
  • Wikipedia:Bank for International Settlements
• shadow banks
• schools of thought
  • Wikipedia:Monetarism, Wikipedia:Keynesian economics, Wikipedia:Chartalism, ...
  • Wikipedia:British Currency School, Wikipedia:British Banking School
• should find a schematic of a complete transaction with the different type of money used
  • for example for a simple transfer between two individuals from different banks
• "pretty much all money is inside money, [...] money as stuff, as an asset, no. Almost all money is somebody liabilities, somebody's promises somewhere" in 2-3
  • to consider in regard of LiarsAndOutliers
• pyramid model showcasing
  • qualitative difference vertically quantitative difference horizontally
  • dynamism with expansion (during boom) and contraction (during crisis)
  • discipline on money at the top (currency principle), elasticity with credits at the bottom (banking principle)
  • structural rules, ability to expand at one level without impacting the upper level
    • expect with the upper level consent
• clearing house seems equivalent to peering

See also

• PriorityByEconomicalSystem
• Economy
• https://en.wikipedia.org/wiki/Lombard_Street,_London

To explore

• The Origin of Money: An Agent-Based Model, ECAL September 2013
• The Interrupted Power Law and The Size of Shadow Banking, arXiv September 2013