The Money Talks series
What is money? What is a central bank? And how do these relate to macroeconomic concepts like monetarism? In this series of short video presentations, we explain the importance of money, banking and central banking to the modern economy.
These talks were given by Professor Tim Congdon and Dr Juan Castañeda, respectively the Chairman and former Director of the Institute of International Monetary Research, along with Professors Geoffrey Wood and Pedro Schwartz, two members of the IIMR's Advisory Council. In 2023, they were updated to an animated style.
Episode 1: Tim Congdon: What is money?
Episode 2: Geoffrey Wood: What is a Central Bank?
Episode 3: Tim Congdon: What is the monetary base?
Episode 4: Tim Congdon: What is the money multiplier?
Episode 5: Geoffrey Wood: What is monetary policy?
Episode 6: Geoffrey Wood: Central Bank Independence
Episode 7: Geoffrey Wood: The lender of last resort
Episode 8: Geoffrey Wood: Bail outs and bank failures
Episode 9: Tim Congdon: Bank capital and Basel Rules
Episode 10: Geoffrey Wood: Cloakroom banks
Episode 11: Juan Castañeda: Fiat money
Episode 12: Juan Castañeda: What is monetary policy rule?
Episode 13: Tim Congdon: What is monetarism?
Episode 14: Tim Congdon: Monetary policy tasks
Episode 15: Juan Castañeda: Which policy rule?
Episode 16: Pedro Schwartz: What is the Gold Standard?
Episode 17: Pedro Schwartz: What is the Gold Standard? (Part 2)
Episode 18: Pedro Schwartz: The Euro Standard
Episode 19: Pedro Schwartz: Monetary competition
Episode 20: Pedro Schwartz: What is inflation?