I HISTORY OF FINANCE IN A NUTSHELL

I. HISTORY OF FINANCE IN A NUTSHELL

THE BIRTH OF FINANCE

“INTEREST” IN ANCIENT CULTURES

EARLY STATE INTERVENTION TO FINANCE

OLD TASTEMENT AND INTEREST

WHY RECEIVING INTEREST FROM GENTILE IS NOT PROHIBITED FOR JEWS?

INTEREST IN HEBREW

1200 BC-570 BC

VIEWS ON INTEREST IN ANCIENT GREECE

INTEREST AND FINANCE IN ANCIENT GREECE

THE VIEWS ON INTEREST IN THE ROMAN EMPIRE

JESUS CHRIST AND INTEREST

MONETARY POLICY IN ROME

INFLATION AND THE FALL OF ROME

KORAN’s ATTITUTE TOWARDS USURY

HINDU AND BUDDHIST VIEWS ON INTEREST-1

HINDU AND BUDDHIST VIEWS ON INTEREST-2

FINANCIAL INNOVATIONS: PAPER MONEY and FOREIGN EXCHANGE CONTRACT

INTEREST IN CHRISTIANITY-1

EARLY MODERN BANKING IN EUROPE

MEDIEVAL BANKING IN EUROPE

POST II. WW DEVELOPMENTS-1

POST II. WW DEVELOPMENTS-2

LAST DECADE-1

LAST DECADE-2

ON THE DANGERS OF BANKING!

MACROFINANCIAL SYSTEM-1

II. THE ROLE OF THE FINANCIAL SYSTEM

MACROFINANCIAL SYSTEM-2

MACROFINANCIAL SYSTEM-3

STRUCTURE OF THE FINANCIAL SYSTEM

COMPONENTS OF FINANCIAL SYSTEM

FINANCIAL MARKETS

FUNCTIONS OF FINANCIAL MARKETS

STRUCTURE OF FINANCIAL MARKETS

THE BOND MARKET AND THE INTEREST RATE

THE STOCK MARKET

INTERNATIONALIZATION OF FINANCIAL MARKETS

THE FOREIGN EXCHANGE MARKET

BANKING AND FINANCIAL INSTITUTIONS

FUNCTION OF FINANCIAL INTERMEDIARIES: INDIRECT FINANCE

WELL KNOWN (!) “CORE PRINCIPLES” FROM MICROECONOMICS

TIME HAS VALUE

RISK REQUIRES COMPENSATION

INFORMATION IS THE BASIS FOR DECISIONS

MARKETS DETERMINE PRICES AND ALLOCATE RESOURCES

STABILITY IMPROVES WELFARE

MONEY

MONEY AND THE PAYMENTS SYSTEM

DEFINITION OF MONEY

MONEY: CHARACTERISTICS

HOW WE PAY FOR THINGS-1

HOW WE PAY FOR THINGS-1

CREDIT AND DEBIT CARDS

THE FUTURE OF MONEY

TECHNOLOGICAL ADVANCES AND PAYMENT METHODS

MEASURING MONEY

DEFINITION OF LIQUIDITY

THE LIQUIDITY SPECTRUM

MEASURING MONEY

MONEY AND BUSINESS CYCLES

INFLATION

MONEY AND INFLATION

CONSUMER PRICE INDEX (CPI)

MONEY AND INTEREST RATES

MONETARY AND FISCAL POLICY

III. WHAT IS A BANK? A CLOSER LOOK

BANK CONCEPT IN A NUTSHELL

ANALYSIS OF THE DEFINITION

BANKING FUNCTIONS

BANKS AND THE REAL ECONOMY

ARROW-DEBREU ECONOMY

MARKETS IN AN ARROW-DEBREU ECONOMY

CONSUMER-1

CONSUMER-2

CONSUMER-3

FIRM-1

FIRM-2

BANK-1

BANK-2

EQUILIBRIUM

BANKS IN AN ARROW-DEBREU ECONOMY: CONCLUSION