Economics of Money and Banking

Columbia examines the monetary system as infrastructure for payments and finance. Clearing and market making lead into international money, advance clearing and real-world monetary arrangements. The course offers an institutional perspective on banking, useful for learners comparing how balance sheets and liquidity connect with more familiar economic models.

What you will learn

• Explain banking as a clearing system.
• Relate market making to liquidity.
• Describe connections between domestic and international monetary arrangements.

Who this suits

Coursera labels the course mixed level. Detailed prerequisites are not specified; preview the balance-sheet and financial-market vocabulary.

Before you enroll

Compare the model with the question it is meant to answer. Use fictional or historical examples for practice and identify assumptions that could change the interpretation of the result.

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Put it into practice

Draw a simplified payment between two fictional banks. Trace the balance-sheet changes and distinguish a payment obligation from the means used to settle it.

Source and review

This overview is based on the provider's published information, checked on 12 October 2026. It is an editorial assessment, not a claim that we completed the resource. Time filters are approximate study ranges; projects and exercises can take longer.

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