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1.2 The law of one price 1.3 Decomposition 1.4 Risk neutral probabilities 1.5 Risk-neutral pricing and returns 1.6 Asset economy 1.7 Arbitrage and Arrow prices 1.8 Complete markets 1.9 Spanning through options 1.10 Decision problem in Asset economy 1.11 Radner Equilibrium 1.12 Equivalence of asset and...
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Chapter 1 Why Study Money, Banking, and Financial Markets? 1.1 Why Study Financial Markets? 1) Financial markets promote economic efficiency by A) channeling funds from investors to savers. B) creating inflation. C) channeling funds from savers to investors. D) reducing investment. Answer: C Qu...
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The Economics of Financial Markets 2024 pdf epub mobi 电子书 图书描述 Provides a comprehensive introduction to the subject of financial markets. Covers markets in central trading places like the New York Stock Exchange and the Chicago Board of Trade, and markets in non-central trading such as ...