Course Overview

  • Brief explainer of how banks create money

  • Explain how the leverage ratio, liquidity ratio, and capital ratios work

  • Real market example of how balance sheet costs affect market prices

Instructor

Principal Joseph Wang

Joseph is the CIO of Monetary Macro LLC, author of Central Banking 101, and operator of Fedguy.com. Earlier in his career he was a senior trader on the Federal Reserve's Open Markets Desk, a credit analyst at S&P Ratings, and an attorney in New York. Through his career he has had the opportunity to study the financial system from the outside as a market participant, but also from its very center on the Desk. His work aims shed light on what often appears to be an opaque system, and to bridge the gap between academia and practice when it comes to financial markets.


Joseph holds a B.A. in Economics from Northwestern University, a J.D. from Columbia Law School, and an MSc. in Financial Economics from Oxford University.

Student Reviews

5 star rating

Great information

Peter McMurrer

Great overview about bank balance sheets and the constraints they are hnder from regulatory and market perspective.

Great overview about bank balance sheets and the constraints they are hnder from regulatory and market perspective.

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5 star rating

Complex topic made accessible

eco invest

10/10, easy to understand and valuable for market practitioners and beginners alike

10/10, easy to understand and valuable for market practitioners and beginners alike

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5 star rating

The Gospel according to Joseph

Edward Desouza

I am a treasury professional and every single talk / writing of Josephs has provided me additional insights. As usual, excellent work !

I am a treasury professional and every single talk / writing of Josephs has provided me additional insights. As usual, excellent work !

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