Frontier of Modern Financial Theory

Author: Yi Xianrong
Publisher:
Publish Date: 2005-01-01
Features: The study of finance is basically divided into three main aspects. The first is macrofinance. It primarily refers to the study of the financial market system, such as the establishment and innovation of the financial system, the incentives and constraints mechanisms of the operation of the financial system, the impact and role of the financial market system on the real economy, as well as the comparative analysis of different financial systems. The second is microfinance. It mainly discusses the pricing and risk management of financial markets and financial assets, such as the organization and characteristics of financial markets, the basic characteristics and pricing of stocks, bonds, options, and futures, the organization, operation, and use of financial instruments in international financial markets, the characteristics and pricing of interest rates and exchange rates, etc. The third is the study of corporate finance. It primarily explores the decision-making process of corporate real investment and financial operations. It is based on corporate pricing theory to analyze the financial condition, investment, financing, mergers, and risk management of companies. This book attempts to provide a comprehensive analysis of the latest developments in modern financial research from the above three aspects, in order to provide readers with some reference information, data, perspectives, and analytical methods for studying finance, thereby facilitating their learning and research.