Financial Capital. Data and Models

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.

List of contents

1 Introduction 91.1 Markets, money, financial capital91.2 Notations for models112 Beginning with banks152.1 Two money circuits 152.2 Banks' deposit money182.3 Usages of reserves282.4 Zero-sum games and debts323 Bonds393.1 Some data393.2 Orientation to returns403.3 Government bond spreads463.4 Financing of government debt493.5 Appendix: Modern Money Theory594 Tradable shares634.1 Some data634.2 Speculative pricing654.3 Dividends714.4 Real and virtual gains765 Investment funds835.1 Some data 835.2 Speculation with fund shares855.3 Exchange-traded funds .896 Derivatives 956.1 Forwards and futures956.2 Options1016.3 Credit default swaps1087 Financialization1157.1 Expansion of financial wealth1157.2 Inequality of financial wealth139References150Index 154

About the author

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.

Summary

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.

Product details

• Authors: Andreas Behr, Andreas (Prof. Dr. Behr, Götz Rohwer, Götz (Prof. Dr. Rohwer, Götz (Prof. Dr. ) Rohwer
• Publisher: UTB
• Languages: English
• Product format: Paperback / Softback
• Released: 11.01.2021
• EAN: 9783825255527
• ISBN: 978-3-8252-5552-7
• No. of pages: 154
• Dimensions: 156 mm x 10 mm x 218 mm
• Weight: 248 g
• Illustrations: 68 SW-Abb.
• Subjects: Social sciences, law, business > Business; Social sciences, law, business > Business > Miscellaneous; Statistik, Wirtschaft, Volkswirtschaftslehre, Unternehmensfinanzierung, Finanzierung, Betriebswirtschaftslehre, Internationale Wirtschaft, Verteilung, Finanzkapital, Ökonometrie und Wirtschaftsstatistik, Wohlfahrtsökonomie, Berufspraxis, Geldkreislauf, Einführungen und Grundlegungen, Vertiefung (Master), Mathematik/Statistik/Informatik, Geld & Kredit, tradable shares