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: Central banks as lenders 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: What is narrow banking?

LOOK OUT FOR FURTHER EPISODES TO COME

Episode 11: Juan Castañeda: Fiat money