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Simple Economies: Complete and Incomplete Markets

  • Srdjan Stojanovic
Chapter

Abstract

Financial contracts are usually traded in financial markets, which are part of a broader economy. An economy is quite a complicated object to comprehend, even more so to attempt to describe mathematically, and the situation is most complicated if the ambition is not just to describe it but also to be able to provide quantitative answers to many relevant financial and economic questions.

Keywords

Interest Rate Stochastic Volatility Money Market Stochastic Volatility Model Appreciation Rate 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Copyright information

© Springer Science+Business Media, LLC 2012

Authors and Affiliations

  1. 1.Department of MathematicsUniversity of CincinnatiCincinnatiUSA

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