Götz Rohwer, Andreas Behr

Financial Capital. Data and Models

• Broschiertes Buch

Produktbeschreibung

The authors consider different forms of financial capital and discuss their functioning by using simple models. They then develop a formal framework that helps to understand the dramatic expansion of financial wealth (both money and financial capital) and its increasingly unequal distribution.

Produktdetails

• Verlag: UTB / UVK
• Seitenzahl: 154
• Erscheinungstermin: 13. Januar 2021
• Englisch
• Abmessung: 10mm x 156mm x 218mm
• Gewicht: 248g
• ISBN-13: 9783825255527
• Artikelnr.: 60503943

Autorenporträt

Götz Rohwer ist Professor für sozialwissenschaftliche Methodenlehre und Statistik an der Ruhr-Universität Bochum und seit Oktober 2012 emeritiert.

Prof. Dr. Andreas Behr lehrt Statistik an der Universität Duisburg-Essen.

Inhaltsangabe

1 Introduction 9 1.1 Markets, money, financial capital9 1.2 Notations for models11 2 Beginning with banks15 2.1 Two money circuits 15 2.2 Banks' deposit money18 2.3 Usages of reserves28 2.4 Zero-sum games and debts32 3 Bonds39 3.1 Some data39 3.2 Orientation to returns40 3.3 Government bond spreads46 3.4 Financing of government debt49 3.5 Appendix: Modern Money Theory59 4 Tradable shares63 4.1 Some data63 4.2 Speculative pricing65 4.3 Dividends71 4.4 Real and virtual gains76 5 Investment funds83 5.1 Some data 83 5.2 Speculation with fund shares85 5.3 Exchange-traded funds .89 6 Derivatives 95 6.1 Forwards and futures95 6.2 Options101 6.3 Credit default swaps108 7 Financialization115 7.1 Expansion of financial wealth115 7.2 Inequality of financial wealth139 References150 Index 154