Dear users, today we have a very personal request. We have decided to offer our learning materials free of charge because we believe in an open, pluralist economic science that is available to everyone, worldwide. We do this without advertising because we want to remain independent of commercial interests. But our commitment to independence and open access also has its price. Every year we have large costs for programming, staff and to support our authors. If everyone reading this gave a small amount, we could keep Exploring Economics thriving for years to come - but 99% of our users don't give. So today we ask you to protect Exploring Economics's independence. The heart and soul of Exploring Economics is a community of people working to bring you unlimited access to high-qualitiy, economic learning and teaching material. Please take just a few moments to help us keep Exploring Economics going. Thank you!
We are a registered non-profit organization | Bank account: Netzwerk Plurale Ökonomik e.V., IBAN: DE91 4306 0967 6037 9737 00, SWIFT-BIC: GENODEM1GLS | Imprint
Global Money: Past, Present, Future
Columbia Global Thought, 2016
In order to describe the global structure of the monetary and financial system and its effects on the global economy, most economics textbooks rely on unappropriated theories that provide nothing but outdated descriptions. In this talk, experts in economics, economic history and banking try to make this complex system a little more understandable by relying on real-world insights. Speakers are on the one hand empirically focused academics (Perry Mehrling and Adam Tooze) and on the other hand, banking sector practitioners (Patricia Mosser and Phil Prince). The focus is on the evolution of the system since the 1970s, the role of shadow banking and the interactions between public and private actors.
Comment from our editors:
The material brings key insights into the functioning of the global monetary/financial system. Speakers come from different perspectives or disciplines, whether theoretical (post-Keynesian economics, economic history, law) or practical (central banking, private banking). Misleading standard economic views on the subject are explicitly corrected.