Discussion — Midterm Review Lecture

This session covers the Review Lecture for the first half of the course.

NOTE: The videos for this lecture are not available on the BU site or the ColumbiaLearn YouTube playlist, but you can access them directly through the Coursera site or through the playlist linked above.

The lecture gives a brief overview of the origin of the Fed and central bank operations during normal times versus crisis times. Afterward, Mehrling takes questions from the students on war finance, financial crisis, forward interest parity, and more.

During this session, we can also review anything we want to discuss from the first half of the course. The first twelve lectures can be roughly divided into three chunks, with the first chunk introducing the money view and the balance sheet technique, the middle chunk discussing the payment system, and the most recent chunk covering dealers and market-making.

The second part of the course will build on the material we've covered so far to examine foreign exchange, derivatives, and shadow banking.

Money and Banking Summer 2023 Reddit Master Thread