Introduction
- Introduction
- What is Money?
- What is Fiat Currency?
- What is Fractional Reserving?
- What is Quantitative Easing?
- What is the impact of Money Printing?
- Bitcoin & Cryptocurrencies - the future of Money?
- Conclusion
What you'll learn
- What is a cryptocurrency
- The economic case for bitcoin
- A brief history of money
- The advantages and disadvantages of Fiat Currencies
- How money is created: Fractional Reserving & Quantitative Easing
- The impact of money printing
Description
Bitcoin - the future? or a bubble?
Whether you are a bitcoin convert (a "coiner") or a bitcoin sceptic (a "no coiner"), understanding the core arguments is key in assessing whether this new asset class has 'intrinsic value. While we don't have a crystal ball, this workshop aims to unlock exactly what role bitcoin and other cryptocurrencies might play in the future.
Taking you on an historical journey through the history of money we will show how society adopted gold as a currency and how gold gave rise to the fiat currencies in use today. We will try to uncover exactly what a dollar is worth, why gold retains its value, even today, and the advantages and disadvantages of fiat currencies.
We will look at how money is created today - by Commercial Banks using a process called Fractional Reserving - and Central Banks using a process called Quantitative Easing. We will look at the effects of all this money printing, and whether Modern Monetary Theory (MMT) really is the 'new normal' for economic thinking.
Finally we will examine whether cryptocurrencies really are the future, or whether they are a passing phase that will soon be consigned to the dustbin of history.
I hope you find this workshop both informative and enjoyable!
The University of Sheffield
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About the instructors
- 4.48 Calificación
- 6111 Estudiantes
- 6 Cursos
Ted Wainman MBA ACA
Finance & Business Trainer
Ted Wainman trained and qualified as an Associate Chartered Accountant (ACA) with Ernst & Young before joining JPMorgan on the Investment Management side of the business. Whilst at JPMorgan, he undertook a company sponsored MBA in the International Management of Financial Services, from which he graduated at the top of his class with merit.
Since 2003 Ted has been designing, developing and delivering programmes for the private sector across a range of business needs. Whether focussed on programmes to build awareness and detailed understanding around financial drivers of their business, addressing new operational initiatives or supporting business change, Ted is experienced in working with key stakeholders within the business to construct a training program that delivers sustained change.
With a background in finance, Ted has a focus on financial and commercial training (including finance, strategy & leadership and Global Macro Economics), but is also comfortable in designing, developing and delivering training programmes on a wide variety of softer skills from negotiation, persuading, influencing, written communications and presentation skills.
Ted has worked with over 275 companies – primarily private or listed – from blue chips to financial services, including banks, building societies and insurance companies. Ted has worked in more than 35 countries globally and is experienced in addressing the needs of programmes across varying cultural backgrounds.
Ted is the author of “How to Talk Finance: getting to grips with the numbers in business” – published by Pearson (FT) in April 2015.
Student feedback
4.5
Course Rating
Reviews
Mutahhar Khan
19-06-2023
Great so far