1.

Record Nr.

UNINA9910349549703321

Autore

Hens Thorsten

Titolo

Economic foundations for finance : from Main Street to Wall Street / / by Thorsten Hens, Sabine Elmiger

Pubbl/distr/stampa

Cham : , : Springer International Publishing : , : Imprint : Springer, , 2019

ISBN

3-030-05427-6

Edizione

[1st ed. 2019.]

Descrizione fisica

1 online resource (XI, 178 p. 42 illus., 15 illus. in color.)

Collana

Springer Texts in Business and Economics, , 2192-4333

Disciplina

332.0415

Soggetti

Macroeconomics

Finance

Economics, Mathematical 

Economic theory

Macroeconomics/Monetary Economics//Financial Economics

Finance, general

Quantitative Finance

Economic Theory/Quantitative Economics/Mathematical Methods

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di contenuto

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.

Sommario/riassunto

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.