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Discussion — Lecture 1: The Four Prices of Money

Perry Mehrling's Money and Banking MOOC

Start time:

April 1, 2022 @ 6:00 pm - 7:00 pm

Virtual Project Virtual Project
project Series Event Series (See All)

EDT

Location:

Online

Type:

Other

project Series Event Series (See All)
Virtual Project Virtual Project

Description

Welcome to Money and Banking!

This session covers Lecture 1: The Four Prices of Money. This lecture provides motivation, context, and themes for the Money and Banking MOOC.

Lecture Notes

Many of us have taken the course before. In addition to discussing the lecture, we will also introduce ourselves and set our intentions for working through the material.

Chapters 1-3 of Stigum's Money Market provide an overview of some of the course subject matter from a market practitioners' perspective.

For a concise overview/refresher of Perry Mehrling's Money View, check out Elham Saeidinezhad's Promises All the Way Down: A Primer on the Money View.

The lectures for this course were filmed in the fall of 2012, but the world didn't stop then. For more Money View resources, including more recent/ongoing material, see:

Archive of the original The Money View blog, which goes from November 2010 to October 2012.
– Perry Mehrling's more recent blog, which has posts from April 2015 to June 2020.
– Dan Neilson's Soon Parted Substack, which just started a few months ago and updates regularly.
– Zoltan Poszar's Global Money Notes, which runs from May 2015 to June 2020.

We will also go over the Borja Clavero color-coded payment notation, which can help us make intuitive sense of the balance sheet.

  • Yellow — Payment by assignment (Passing an asset to another balance sheet)
  • Green — Payment by issuance (Issuing a new liability)
  • Red — Payment by set off (Repaying a liability that is owed)
  • Blue — Payment by novation (Receiving a liability from another balance sheet)

Money and Banking 2022 INET ED Master Thread
Lecture 1 Discussion Thread

Hosted by Working Group(s):

Organizers

Attendees

shubhlaxmi darshini

Bayu Perdana Putra

Advait Moharir

Facundo Lucero

Hamid Shafiezadeh

Özge Özay

Bryce Albin

Sam Hummel

Christopher Pomwene Shafuda

Susana Nudelsman

Diane de Charette

zeliha sayar

alison touhey

Shivam Agrawal

Benjamin Whitehurst

Larissa de Lima

Charbel Khazen

Laurent B

Marta Mizsak

Ramon Gimenez

Chris Rimmer

farhad gohardani

Lokesh Shah

Emanuele Citera

Dessy Minarni Bonita

Cristi Bagsic

Jennifer Judge

Francesco Ruggeri

Colin Vuilletet

Roberto Ruiz Blum

Alex Howlett

Mateusz Urban

Zach Kopelman

Ádám Kerényi

Dennis Hamilton

Jim Bramlett

Christopher Clacio

Pierre Kohler

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