Money - The why, what & how - Explained - with Neelkanth Mishra and Sameer Shetty

Open Dialogue by Axis Bank

This Episode: What is money? Who defines value of money? Who creates it and how? How has money evolved over time? What happens if there is too much...or too less? Money is central to our lives. As much as it is simple to understand, it becomes abstract when one dwells deeper into the aspects of money. The new Open Dialogue episode demystifies the concept of Money. This episode uncovers truths about money, the role of central banks in creating money and managing its flow, money & inflation, currency & its nuances. The Speakers: Sameer Shetty - President & Head, Digital Business & Transformation, Axis Bank hosts a masterclass on Money with Neelkanth Mishra - Chief Economist, Axis Bank & Head of Global Research, Axis Capital. Open Dialogue: The aim of Open Dialogue by Axis Bank is to bring to the fore nuanced and insightful discussions on macroeconomics and market-oriented subjects. #thoughtleadership #OpenDialogue #AxisBank #Macroeconomics #Money Playlists: 1. The Indian economy – present and future https://www.youtube.com/playlist?list=PLumGv5ckAx3CsfW-Sg8tE1PNtSMD7gcYj 2. Economics of a global recession https://www.youtube.com/playlist?list=PLumGv5ckAx3DrsXrBL2uhjja2a28L9bM- 3. Money - The why, what & how https://www.youtube.com/playlist?list=PLumGv5ckAx3DOnL9ahYX6xdD1zD6DaSfG

Chapters: 00:00 - Introduction 02:00 - What exactly is money? Is it a myth? 05:21 - How does Central Bank decide how much money is to be created? 07:47 - Constitution of money: M0, M1, M2, M3 and M4 (the issue of currency in circulation) 12:05 - For the government, money is like a zero coupon bond, a liability without an end date 14:07 - The story behind the 100 trillion dollar note from Zimbabwe 17:14 - Is money creation only restricted to banks and Central Banks? Do NBFcs and other financial institutions play a role in it? 22:01 - How inflation is impacted when too much money is printed. 25:28 - Wealth is the current value of your future income - Neelkanth 30:39 - How the dependence of currency value change from gold reserves to US dollar since the Bretton Woods agreement? 37:40 - What is reserve currency and how the US dolloar come to be the reserve currency? 44:02 - Will there be a shift of the reserve currency to other currencies 49:29 - How the Russia Ukraine war lead to the ceasing of Russia's US dollar reserve with US. 51:25 - The perks and challenges of being the reserve currency 57:57 - Conclusion

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