Bank Balance Sheet Constraints
Banks can create money, but it "costs balance sheet." This course explains what balance sheet costs are.
Course Overview
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Brief explainer of how banks create money
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Explain how the leverage ratio, liquidity ratio, and capital ratios work
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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
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.
Read LessComplex 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
Read LessThe 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 !
Read LessWhat constraints Bank money creation?
Sunny Guo
Once I understand what is money in our age and how it is created, I always wonder what forces can actually constrain the magic of bank money creation. Than...
Read MoreOnce I understand what is money in our age and how it is created, I always wonder what forces can actually constrain the magic of bank money creation. Thank you Joseph for the providing the best answers to my question by applying Basel III to Bank Balance Sheet. There is no mystery but it is very logical. Appreciate this great course and your kindness for making it FREE!
Read LessGreat content, very clear explanation.
Roger Xiong
Clear explanations
Maxim Konyushikhin
Excellent primer
Donald Min
suggested addendum to title "and how Banks paint the book...
D Winthrop
Plainly stated with great examples I could understand with text emphasizing main points well.
Plainly stated with great examples I could understand with text emphasizing main points well.
Read LessThe best way to learn
Bobby Edwards
It was a pleasure to take this course with Joseph, it's like being taught by an old friend. Joseph's knowledge and expertise were invaluable in helping me to...
Read MoreIt was a pleasure to take this course with Joseph, it's like being taught by an old friend. Joseph's knowledge and expertise were invaluable in helping me to understand this and made it easy. I highly recommend this for anyone who's interested in learning this in an easy and understandable way.
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