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Discussion — Lectures 3 & 4
Perry Mehrling's Money and Banking MOOC
Location:
Online
Type:
Other
YSI Presenters
Description
This session covers Lecture 3: Money and the State: Domestic and Lecture 4: The Money View, Micro and Macro.
Lecture 3 builds on last week's Allyn Young reading in discussing the history of the US monetary system from the Civil War through the national banking system's evolution into the Fed. We get some practice using balance sheets to describe historical banking structures and events, and we contrast the central bank's role as banker's bank (holding the reserves of the banking system) with its role as a government bank (lending to the government).
Lecture 4 more deeply examines the idea of liquidity and the asymmetry of the settlement (survival) constraint in which everybody must meet their cash commitments as they come due. The lecture emphasizes lining up cash flows and cash commitments in time, and introduces the sources and uses notation to help us disaggregate different categories of liquidity.
Hosted by Working Group(s):
Organizers
Attendees
Dustin Fergusson-Vaux
Tymon Magolewski
Riccardo Baioni
Ryan Payne
Mateusz Urban
jonas lodahl
Lokesh Shah
Spencer Brown
Carl Kelleher
Alex Howlett
Marina Clavijo
Bismarck Javier Arevilca Vasquez
Pavel Branz
Erhan Bilici
Christopher Clacio
Jorge Zaccaro
Firdous Ahmad Malik
João Bosco Lissandro Reis Botelho
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