Starting in the '80s, banks have become huge financial supermarkets offering a wide range of different services and products. Employees in these large banks have developed specialized expertise in the area in which they decide to make a career. Along with rapid developments in information technology this has resulted in large IT departments staffed by people without any particular financial and banking education.
For example: How was it possible that the 1929 financial crisis was repeated by the 2008 credit crisis? The outrage and confusion illustrates the knowledge gap of understanding what banks do, what happens on financial markets and what is needed to prevent a derailment of the financial sector.
Since 2005, I train people in the financial sector. To bridge the basic knowledge gap with an easy accessible tool, I have created a 3 hour video E-training at Udemy.
The topics covered by this training are for example:
BONUS: Students can download a FREE copy of my 40 page book Understand Banks and Financial Markets (Normal price $6) at Smashwords.
This short video explains the three different types of money and who can create money. Also you will learn about the money multiplier and liquidity reserve. Source of this video: http://positivemoney.org/videos/
This short video gives you an overview of the payment process. You will learn about the role of Central Banks and how banks settle payments. Source of this video: http://positivemoney.org/videos/
This video gives an example of credit card payment. This video is created by the Kahn Academy (https://www.youtube.com/watch?v=IPxQQNyCxas)
In this film you will learn about the history of the first public financial trading: The Amsterdam Stock Exchange. It illustrates the development and future of trading..
Finance is no Rocket Science
I'm passionate about training. My ambition is to take away the curtain of complexity to make finance understandable for you.
Since 2005 I have trained hundreds of participants working in the finance sector about Financial Markets and Products, Banking Fundamentals, Risk Management, Asset & Liability Management and Business Economics Fundamentals.. .