Gourt > Science > Social Sciences > Economics > Financial Economics (7)
__NOTOC__ Financial economics is the branch of economics concerned with the workings of financial markets, such as the stock market, and the financing of companies. It can be distinguished from other branches of economics by its "concentration on monetary activities", in which "money of one type or another is likely to appear on both sides of a trade." The questions addressed are typically framed in terms of "time, uncertainty, options and information" *.
- Time: money now is traded for money in the future.
- Uncertainty (or risk): The amount of money to be transferred in the future is uncertain.
- Options: one party to the transaction can make a decision at a later time that will affect subsequent transfers of money.
- Information: knowledge of the future can reduce, or possibly eliminate, the uncertainty associated with future monetary value.
Financial economics thus attempts to answer questions such as:
- How are the prices of financial assets: stocks, bonds, currencies, and commodities, determined?
- What are the effects of a company choosing different methods of financing its operations, such as issuing shares or borrowing?
- What portfolio of assets should an investor hold in order to best meet his/her objectives?
US Federal Reserve :: Central Banks
Is Financial System Dysfunctional? « Mostly Economics http://bit.ly/7sNYVq
wealthbuilder76 (David) Sat, 02 Jan 2010 17:26:47 -0000
Is Financial System Dysfunctional? « Mostly Economics http://bit.ly/7sNYVq
cmputr science & economics have revealed potentially impenetrable problems w/ the pricing of financial derivatives http://bit.ly/6Q7bNA
InvasiveNotes (John Peter Thompson) Sat, 02 Jan 2010 17:06:55 -0000
cmputr science & economics have revealed potentially impenetrable problems w/ the pricing of financial derivatives http://bit.ly/6Q7bNA
Derivate: Is Financial System Dysfunctional? « Mostly Economics: He then recounts his personal journey.. http://bit
Credit Derivatives - Offers an introductory primer, detailed reference, and current news on this financial instrument. By Vinod Kothari.
Meta Description: [ This site is the web's most comprehensive resource on credit derivatives ]
Damodaran - Comprehensive site about topics of financial theory, with a focus in Corporate Finance, Valuation and Investments. Updated Data, Excel Spreadsheets and Papers.
Derivatives-on-line - Overview of financial derivatives modelling with focus on option pricing.
Meta Description: [ Lecture Notes for the course:
Financial Derivatives ]
EDIRC - Financial Economics Institutes - Directory of links for Economics Departments, Institutes and Research Centers around the World.
Meta Description: [ Central index of economics institutions
(academic, governmental and non-profit) in Financial Economics, Risk and Insurance. ]
Emerging Finance - Provides transcripts of interviews with experts in finance.
Encyclopedia of Corporate Governance (Encycogov) - Provides papers and brief tutorials on many areas of corporate governance.
Meta Description: [ Encycogov is the web's largest academic encyclopedia about
corporate governance. It is used by students, academics, business people and government officials. ]
Finance Research - Provides directory and download of user-submitted working papers in finance. Requires registration.
Meta Description: [ Enables you to freely publish
and download research work in finance
(presentations, working papers, articles, theses, dissertations). ]
Finance Resources on the Web - Directory of sites mantained by the Dakota University.
Finance Site List - Comprehensive list of finance-related sites organized by category. Maintained by The Journal of Finance.
Financial Crises - Research articles from the World Bank regarding the crises initiated in Mexico 1994, Thailand 1997, and Russia 1998.
Financial Economics -- WebEc - Contains links to and descriptions of Internet resources related to Financial Economics
Meta Description: [ This page in WebEc contains links to and descriptions of WWW resources related to Financial Economics ]
FINWeb - Directory of finance-related resources and links.
Global Macroeconomic and Financial Policy Site - Research on contagion, Asia's currency crisis, and international finance. Provides many links to news, data sources, and other resources. Provided by Nouriel Roubini.
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Interest Rate Swaps - Provides information on and discussion of interest rate swaps including actual ISDA contracts and articles on swap topics.
Meta Description: [ Angelfire on Lycos, established in 1995, is one of the leading personal publishing communities on the Web. Angelfire makes it easy for members to create their own blogs, web sites, get a web address (domain) and start publishing online. ]
Investment Performance Analysis - Explains concepts and provides sample calculations of returns, measuring risk and performance attribution.
Meta Description: [ Investment Performance Analysis ]
Journal of Finance - Publication of research of the main fields of financial theory. Contents, forthcoming papers and data sets.
Mechanisms for Financial Markets - Various papers on a new auction mechanism that breaks auctions into auctionettes, and on a new design of an exchange rate mechanism.
Meta Description: [ Various papers on a new auction mechanism that breaks auctions into auctionettes, and on a new design of an Exchange Rate Mechanism ]
Real Options .org - Provides research paper abstracts, book reviews, conference information, links, and downloads relevant to the theory and practice of investment under uncertainty often referred to as real options valuation.
Meta Description: [ Everything on real options, option valuation, theory, derivatives, flexibility, uncertainty, contingent claims pricing, lenos trigeorgis, amram, kulatilika. ]
Vinod Kothari's Securitization Website - Comprehensive source of information and articles on securitization.
Meta Description: [ The Web's most comprehensive resource on securitization, securitisation, structured finance ]
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