Skip to Content
Explaining Money & Banking
book

Explaining Money & Banking

by Byron B. Carson, Robert E. Wright
July 2023
Beginner to intermediate
224 pages
5h 8m
English
Business Expert Press
Content preview from Explaining Money & Banking

PART III

The Economics of Financial Markets

Given ever-present problems related to risk, uncertainty, and information, people strive for solutions. They write contracts and form intermediaries to pursue their goals. Unbeknownst to individuals minding their own business, the market process is at work, whereby competition rewards innovation and punishes waste. This selection process also works in financial transactions and makes our lives easier. For example, people can lend their funds and buy stocks with securities markets; people can mitigate wildly fluctuating commodity prices with a simple contract; people can buy goods abroad with foreign exchange markets; people can limit information asymmetry with insurance policies; people can save money ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.

Read now

Unlock full access

More than 5,000 organizations count on O’Reilly

AirBnbBlueOriginElectronic ArtsHomeDepotNasdaqRakutenTata Consultancy Services

QuotationMarkO’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.
Julian F.
Head of Cybersecurity
QuotationMarkI wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.
Addison B.
Field Engineer
QuotationMarkI’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.
Amir M.
Data Platform Tech Lead
QuotationMarkI'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Mark W.
Embedded Software Engineer

You might also like

How Finance Works

How Finance Works

Mihir Desai
The Human Factor in AI-Based Decision-Making

The Human Factor in AI-Based Decision-Making

Philip Meissner, Christoph Keding
How to Overcome a Power Deficit

How to Overcome a Power Deficit

Cyril Bouquet, Jean-Louis Barsoux

Publisher Resources

ISBN: 9781637424681