History of banking

The Washington Mutual Tower in Seattle, Washington The first banks were probably the religious temples of the ancient world, and were probably established in the third millennium B.C. Banks probably predated the invention of money. Deposits initially consisted of grain and later other goods including cattle, agricultural implements, and eventually precious metals such as gold, [...]

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Crisis

A crisis (plural: “crises”; adjectival form: “critical”) (from the Greek κρίσις) is any unstable and dangerous social situation regarding economic, military, personal, political, or societal affairs, especially one involving an impending abrupt change. More loosely, it is a term meaning ‘a testing time’ or ‘emergency event’. Crisis has four defining characteristics. Seeger, Sellnow and Ulmer[1] [...]

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Behavioral economics

Behavioral economics and its related area of study, behavioral finance, use social, cognitive and emotional factors in understanding the economic decisions of individuals and institutions performing economic functions, including consumers, borrowers and investors, and their effects on market prices, returns and the resource allocation. The fields are primarily concerned with the bounds of rationality (selfishness, [...]

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Financial economics

Financial economics is the branch of economics concerned with “the allocation and deployment of economic resources, both spatially and across time, in an uncertain environment”.[1] It is additionally characterised by its “concentration on monetary activities”, in which “money of one type or another is likely to appear on both sides of a trade”.[2] The questions [...]

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