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Economic Foundations for Finance: From Main Street to Wall Street: Springer Texts in Business and Economics

Autor Thorsten Hens, Sabine Elmiger
en Limba Engleză Hardback – 29 aug 2019
This book provides readers with essential concepts from financial economics for an integrated study of the financial system and the real economy. It discusses how long-term market prices are determined and affected by population growth, technological progress and non-renewable resources. The meaning of market prices is examined from the perspective of households and from the perspective of firms. The book therefore connects different fields of finance, which usually focus only on either the households’ side or the firms’ side.
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Specificații

ISBN-13: 9783030054250
ISBN-10: 303005425X
Pagini: 183
Ilustrații: XI, 178 p. 42 illus., 15 illus. in color.
Dimensiuni: 155 x 235 x 18 mm
Greutate: 0.45 kg
Ediția:1st ed. 2019
Editura: Springer International Publishing
Colecția Springer
Seria Springer Texts in Business and Economics

Locul publicării:Cham, Switzerland

Cuprins

Introduction.- Financial Markets and Institutions.- The Basic Economic Model.- Extension of the Model to Capital.- Extension of the Model to an Infinite Horizon.- Extension of the Model to Uncertainty.- Extension of the Model to Exhaustible Resources.- Aggregation.- Conclusion.- Appendix: Exercises.- Mathematical Tools.- Sufficiency of the First Order Conditions.- Covariance of SDF and Returns.- References.- Index.

Notă biografică

Thorsten Hens is a Swiss Finance Institute Professor of Financial Economics at the University of Zurich as well as an adjunct professor at the Norwegian School of Economics in Bergen and the University of Lucerne. He studied in Bonn and Paris and previously held positions in Stanford and Bielefeld.
Sabine Elmiger is a research associate at the University of Zurich and visiting scholar at the University of Cape Town. She studied at the ETH Zurich and obtained her Ph.D. from the University of Zurich.

Textul de pe ultima copertă

This book provides readers with essential concepts from financial economics for an integrated study of the financial system and the real economy. It discusses how long-term market prices are determined and affected by population growth, technological progress, non-renewable resources and monetary policy. The meaning of market prices is examined from the perspective of households and from the perspective of firms. The book therefore connects different fields of finance, which usually focus only on either the households’ side or the firms’ side.

Caracteristici

Provides a systematic analysis of market prices from the perspective of households and firms to help readers to gain a more integrated view of financial markets Illustrates real-world examples to help readers to apply basic economic tools in discussions of highly topical issues in economics and finance Includes numerous exercises at the end of the book providing the reader with a comprehension check