Publisher's Synopsis
This is an excerpt from the 4-volume dictionary of economics, a reference book which aims to define the subject of economics today. 1300 subject entries in the complete work cover the broad themes of economic theory. This extract concentrates on finance.;Over recent decades, the study of finance has demonstrated a growing unity between theory and practice. Subjects such as corporate finance and stock markets, once approached by business specialists in mainly descriptive terms are now a branch of applied economics that uses theory to understand the real workings of financial markets. The resulting insights, demonstrated in these essays, bridge the economics faculty and the business school.
