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Description
Specifications
Financial markets constitute an important category of markets because they allow the transfer of wealth at different points in time and under various potential economic conditions. Individuals and organizations rely on financial markets to achieve their objectives.
These objectives may include raising the necessary capital to finance a company's investment, selecting the assets of a portfolio so that it has the best possible characteristics based on various quantitative criteria, securing against risk, and more. Most economic activities are served and become feasible due to the existence and functioning of financial markets.
For example, the proper functioning of the insurance market presupposes the proper functioning of the financial market, as it must be utilized by insurance companies to manage their revenues so that they can meet their obligations to the insured.
The proper functioning of the productive sector requires the existence and proper functioning of the financial market, as businesses will draw the necessary capital for their operation through it. If someone sits down and thinks seriously, they will find it hard to identify any sector of economic life that does not require financial markets.
[Excerpt from the preface text]
Manufacturer
- Author
- Sheldon M. Ross
- Publisher
- Ekdoseis Panepistimiou Makedonias
- Original Title
- An Elementaty Introduction to Mathematical Finance
- Type
- Sociology, Positive Science Mathematics
- Language
- Greek
- Subtitle
- Rights and other issues
- Cover
- Soft
- Number of Pages
- 265
- Publication Date
- 2007
- Dimensions
- 17x24 cm
- ISBN-13
- 9789608396388
Important information
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