Microfinance and its Mathematical Foundations

Author: Shao Yu
Publisher:
Publish Date: 2003-11-01
Features: Microfinance analysis explores how individuals make optimal consumption/investment decisions in dynamic and uncertain environments, and how firms accept financing based on production needs. When economic organizations (financial markets and financial intermediaries) assist individuals and firms in resource allocation, what role should they play? The key is how the rational equilibrium price system of financial assets is determined. These contents form the foundation and core of modern financial theory research and practical operations. To fully learn these contents, mastering a large number of mathematical tools is a prerequisite, especially stochastic analysis techniques. This book also provides comprehensive support in this regard in a popular and accessible way. It can serve as a textbook or reference book for senior undergraduate and graduate students in economics, finance, and management. Additionally, it offers a relatively systematic understanding of financial/mathematical knowledge for financial professionals in the practical field (including MBA students).