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 spent 5 years studying the plumbing of the financial system as a senior trader on the open markets desk. The Desk sits at the center of the dollar system as its ultimate and infinite provider of dollars. It has access to virtually all regulatory and financial data, as well as open lines of communication with all major market participants. It is one of the few places in the world where one can definitively learn how the system works. Prior to joining the Desk, Joseph was a credit analyst and in another life he practiced law. He 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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