Money and Banking: What Everyone Should Know

An economist and award-winning professor leads you in a panoramic exploration of our monetary and financial systems, their inner workings, and their crucial role and presence in your world.

• By This Professor
• 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 for Investment
• 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