👋 New here? This is one of many YSI projects happening around the world, all year round. All projects are hosted by members of the YSI community. They provide an opportunity to advance your knowledge, and build research collaborations around a pressing economic issue.
- This project has passed.
Week 4 — Lectures 6 & 7, Reading 3
Perry Mehrling's Money and Banking MOOC
Location:
Online
Type:
Other
YSI Presenters
Description
We're discussing the following for week 4:
Lecture 6: Federal Funds, Final Settlement
Lecture Notes
This lecture describes a stylized version of the US payment system, and how the Fed Funds market (interbank lending) used to allocate reserves among the banks before 2008. Lots of great balance-sheet practice for understanding how a credit-based payment system can work.
Lecture 7: Repos, Postponing Settlement
Lecture Notes
A repurchase agreement (repo or RP) is a form of short-term market-based collateralized credit that allows non-banks to buy and sell liquidity, and operate like a payments system.
Reading 3: The Check System, a chapter from Chapters on the Theory and History of Banking by Charles Dunbar
Study Questions
This is a description of the checking system in the US in the late 19th century. We still had to make the payments system go even before we had the Fed.
Hosted by Working Group(s):
Organizers
Attendees
Celso Gonzalez
Lokesh Shah
Raphaele Chappe
Chris Rimmer
Ramon Gimenez
Divyam Jindal
Mihir Naik
Lindsay McGrath
Jesus Uriegas
Alex Howlett
Jim Bramlett
Rok Piletic
Larissa de Lima
Ádám Kerényi
Bethany Burum
Jennifer Judge
Win Monroe
Not the right project for you?
Take a look at the below.
They are open for applications.
250 Years of the Wealth of Nations: New Perspectives on Adam Smith’s Political Economy
Contours Of Conflict in Africa: Economics and the Contradictions of Liberation in Southern and Central Africa
Be the first to know:
Subscribe to the YSI newsletter to find out when new projects go live.
