Several years ago a student rushed into my office without any consideration for my work or for the thoughts I had at the time.
It is a basic assumption of finance theory, taught as fact in Business Schools and advocated at the highest level by vested interests, world-wide (governments, financial institutions, corporate spin doctors, the press, media and financial web-sites) that stock markets represent a profitable long-term investment.
Technology-based firms (TBFs) have an innovative role in the emerging knowledge economy (RAE, 2012), especially at an international level (EC, 2005; BERR, 2008)
To state that the central bank plays a significant role in the financial system and the real economy is a striking understatement.
Economicsis often defined as something along the lines of “the study of how society manages its scarce resources.”
This book was written to complete the curriculum requirement of the Master’s of Macroeconomics degree.
We can simply refer to an organisation as a collection of people working together to achieve a common goal.
All the financial markets are depicted in Figure 1. We hasten to add that the foreign exchange market (from now on called forex market), strictly speaking, is not a financial market, because lending and borrowing does not take place in this market.
Once a company issues shares (common stock) and receives the proceeds, it has no directinvolvement with their subsequent transactions on the capital market, or the price at which they are traded.
Private sector banks play a significant role in the financial system and the real economy. They intermediate between all sectors of the economy and other financial intermediaries and institutions, and some of them provide the payments system, which most of us use every day.