Money, Banking, Markets

Your guide to understanding finance


The purpose of this blog is to keep track of my ideas and to share with the world my views on money, banking, financial markets and asset prices. My approach is very much grounded in Professor Mehrling’s ideas which in turn are based on the legacy of Walter Bagehot, John Hicks and Hyman Minsky. The aim is to cut deeply and bring insights about money in simple terms without being simplistic.



Biographic note:

Mike was born in 1976. He holds a law degree and is currently studying Economics at the University of London. He worked for several years in the area of antitrust. Mike is passionate about understanding how finance and monetary economics work. He has followed the free online courses Economics of Money and Banking (Prof. Mehrling) and Financial Markets (Prof. Shiller) at


One thought on “About

  1. Mihail,

    I am taking the Economics of Money and Banking Coursera course currently where you are a TA. You recently posted a *superb* answer to the question about the difference between deposits and reserves. Thank you for summarizing and clarifying a core concept that can be confusing to non-financial non-economists!

    I wonder if it would be possible for me to email you occasionally with similar conceptual questions? While I am keenly aware of the Coursera discussion forums, as a busy professional, I find the accuracy of most responses severely lacking. I have neither the time nor inclination to engage in pedantic chatter with students who seem to populate the forums and typically have much less practical world knowledge than I. Having reviewed your answers to many forum questions, I see you are extremely capable, professional and your answers can be trusted.

    I have left my email address as required by your WordPress comment system if you would like to get in touch. If you prefer not to, I understand and will simply continue to learn from your excellent responses on the Coursera site.

    Take care,

    James Kloss
    Swarthmore, Pennsylvania /

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