Finance is the currency in circulation and credit activities and economic activities associated with the general term, refers to all the broader financial and credit currency issue, storage, exchange, _set_tlement, factoring-related economic activities, and even gold and silver trading, narrow financial experts refer to the currency of credit intermediation.
Content can be summarized as financial currency issuance and heading back to the absorption and to pay deposit, loan payment and recovery of gold and silver, foreign exchange trading, securities issuance and transfer, insurance, trusts, domestic and international monetary _set_tlement . Institutions engaged in financial activities are mainly banks, trust investment companies, insurance companies, securities companies, investment funds, as well as credit unions, finance companies, financial as_set_ management companies, postal savings institutions, financial leasing companies and securities, gold and silver, foreign exchange transactions and so on.
】 【Finance
Finance is differentiated from the economics out to study the financial intermediation of the subjects. Traditional finance research generally has two directions: to run the macro level of financial market theory and investment theory of the micro level.
【Relationship between finance and economics】
Finance is the economy of a small branch, but have their own focus
Economics is a level of discipline, finance is a secondary subject, in economics under the economics of a country's economic development areas, ways and roads. Is more macro, and its various aspects of the economy including industry, agriculture. Finance only one country in the economic field study of financial aspects, such as money, securities and financial markets.
【Characteristics】 financial
1. Finance is the credit transaction.
(1) credit
Credit in economics, is a form of commodity trading, corresponding to spot trading (immediate liquidation of the transaction).
Credit is the financial foundation of the financial best embodies the principles and characteristics of credit. In the developed commodity economy, credit and currency in circulation has been integrated.
(2) the characteristics of credit transactions should be
a. party to the other party reimbursement for the conditions, to the other first transfer of goods (including money) the ownership, or part of the power;
b. ownership of the goods or the party on the first transfer of power and the other between the relative pay, there is a certain time lag;
c. delivery of first party to bear some credit risk, credit transactions are based on the occurrence of the other party trust.
2. Financial principle must be based on monetary targeting.
3. Financial transactions can occur between the various economic sectors.
The main research branch include:
Financial Market (Financial market)
Corporate Finance (Corporate Finance)
Financial Engineering (Financial Engineering)
Financial Economics (Financial Economics)
Investments (Investment Investment)
Money and Banking (Money, Banking and Economics)
International Finance (International Finance)
Finance (Public Finance)
Insurance (Insurance Insurance)
Mathematical Finance (Mathematical Finance)
Financial econometrics (Financial Econometrics)
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