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Global Money: Past, Present, Future

Perry Mehrling, Adam Tooze, Patricia Mosser, Phil Prince and Katharina Pistor (moderator)
Columbia Global Thought, 2016
Level: advanced
Perspectives: Institutionalist Economics, Other, Post-Keynesian Economics
Topic: Globalization & International Economic Relations, Institutions, Governments & Policy, Macroeconomics, Money & Debt
Format: Lecture / Presentation
Duration: 01:25:10
Link: https://www.youtube.com/watch?v=vGLy2OrUJYo&feature=youtu.be&a=

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its effects on the global economy, most economics textbooks rely on unappropriated theories that provide nothing but outdated descriptions.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.

Go to: Global Money: Past, Present, Future

This material has been suggested and edited by:

Jorim Gerrard
Tags: Capital flows | central bank | debt | euro crisis | finance | globalization | institutions | macroeconomics | monetary system | money creation | money market | shadow banking | shadow banking sytem | US Dollar
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