Bedford Public Library

Money and banking, what everyone should know, Professor Michael K. Salemi

eng

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lectures speeches

Money and banking

sound recording

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902743080

Professor Michael K. Salemi

The great courses

what everyone should know

Examines the idea of money as a social contract and discusses how financial institutions and markets work

The importance of money -- Money as a social contract -- How is money created? -- Monetary history of the United States -- Local currencies and nonstandard banks -- How inflation erodes the value of money -- Hyperinflation is the repudiation of money -- Saving-the source of funds -- The real rate of interest -- Financial intermediaries -- Commercial banks -- Central banks -- Present value -- Probability, expected value, and uncertainty -- Risk and risk aversion -- An introduction to bond markets -- Bond prices and yields -- How economic forces affect interest rates -- Why interest rates move together -- The term structure of interest rates -- Introduction to the stock market -- Stock price fundamentals -- Stock market bubbles and irrational exuberance -- Derivative securities -- Asymmetric information -- Regulation of financial firms -- Subprime mortgage crissi and reregulation -- Interest rate policy at the Fed and ECB -- The objectives of monetary policy -- Should Central Banks follow a policy rule? -- Extraordinary tools for extraordinary times -- Central bank independence -- The foreign exchange value of the dollar -- Exchange rates and international banking -- Monetary policy coordination -- Challenges for the future

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