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p. 11. Money, banking, and financial marketslocked

  • Mark H. A. Davis


‘Money, banking, and financial markets’ describes the playing field of mathematical finance: the world of money, banking, and financial markets. It considers the history of money as a medium of exchange and as a store of value, before discussing the activities of banks and financial markets. The financial markets, as a whole, provide a myriad of mechanisms for raising funds and managing and trading the attendant risks, providing opportunities for investors, fund managers and speculators. The main mechanisms of financial mechanisms are outlined: equities; bonds; credit risk; foreign exchange; and forwards, futures, and options.

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