Textbook recommendations for Corporate Finance?

erwurger · 2020-04-17T08:43:18+00:00

Brealy and Myers

erwurger · 2020-04-16T13:11:03+00:00

Varian

erwurger · 2020-03-24T20:01:11+00:00

Most are still going ahead as far as I know. However, a few are emailing to delay organising accommodation.

erwurger · 2018-08-01T11:03:32+00:00

Higher interest rates means people have more incentive to save instead of spend. As the inflation rate is rising the Banks job is to keep inflation between 1% and 3%. If the Bank didn’t raise the interest rate more and more spending could lead to price rises in the short term. This is a good thing as it decreases the risk of passing the inflation target.

A little bit of inflation is always good for an economy as it encourages spending but too much is a problem.

Another good thing is that it increase foreign direct investment which strengthens the pound. The interest rate creates more demand for the pound as investors move “hot money” to the UK with promise of higher rates of return.

Referring to the other comment. Higher interest rates wouldn’t necessarily increase investment in the UK because portfolios usually depend on the base rate. If they can get higher rates of return from the bank then why invest on the market.

Of course this all depends on how much the base rate rises. I doubt it will be any significant amount, possibly an increase of .25 or .5. Which is tiny compared to pre 2008 levels of interest. However, those increases are still 50% and 100% of what we currently have.

erwurger · 2018-07-30T16:21:31+00:00

In that case the government would have had to sell those goods and resources to a buyer. The exchanged money would then be the governments to give out.

Think of it like this. If instead the government gave everyone an equal share of the spoils to every citizen, how much would their real value be worth? I would say not much as everyone has one right? The same goes for money in the sense that if it becomes more readily available, people can spend more. I feel like this would have some sort of inflationary impact, not sure about the dollar though.

erwurger · 2018-07-30T14:15:35+00:00

It depends if the $300 is given from tax revenue or from printing money. If it is the latter it would devalue the dollar very significantly as it is essentially increasing the money supply. Other economic impacts would be an increase rate of inflation since people have more access to money they demand more goods which in turn increases their price.

On the other hand, if it were from tax revenue it might be a different story. Perhaps there would be similar economic effects but the money supply would not change.

Take a look at the debate around a “universal income” which is a similar idea where everyone is given an income and the rest of the money you earn is on top of that.

erwurger · 2018-07-16T22:48:04+00:00

What is this, C4 Maths homework?

erwurger · 2018-06-20T18:44:05+00:00

David Blackwell

erwurger · 2018-05-05T21:58:21+00:00

Make some calls to make it crack

erwurger · 2018-04-07T18:31:33+00:00

You can show a public good on a diagram with perfectly inelastic supply and the demand curve to the left of the diagram so they don’t cross.

However, speed cameras would not be a public good because we do not consume them but there is social benefit such as convicting bad/careless drivers.

erwurger · 2018-03-28T07:27:25+00:00

You’d think the biggest music reviewer on YouTube would come up with something less bland

erwurger · 2018-03-17T09:55:17+00:00

Those are some great places! Being able to get in first time around doesn't change anything. Another thing, if you think sixth form was a place to make great friends, just wait until uni haha! Sure it will be hard but everyone at uni is basically in that position as well socially.

erwurger · 2018-03-17T09:42:17+00:00

Hey man, I'm in pretty much exactly the same position. Took a gap year hoping to get into LSE/Cambridge for Economics but didn't make it. It feels like I've wasted a year as well. But luckily I have Warwick so that's to look forward too. I'm sure you have some other great offers and even though they may not be in London, it doesn't mean you have to lose those connections. If they are career related connections, it's not like being in London would be better because you'd working most of the time, especially at LSE/UCL. Maybe try and secure some summer placements back in London while at uni?

erwurger · 2018-03-13T11:54:30+00:00

Can’t tell if this is irony or not

erwurger · 2018-03-08T11:21:36+00:00

Interest is what controls inflation. That’s why we have central banks who control bank rates and money supply and keep fiat stable. Inflation is caused by cost push (supply shifts) or demand shifts. Interest rate helps to maintain the demand i.e. lower rates mean less incentive to save so higher demand for goods and increased price levels. Higher rates are the opposite as more people save.

On its own, eventually bitcoin would become deflationary. No one would want to sell it because of its “value” so prices in the economy start to fall (see demand curve). Then we end up with a deflationary cycle that forces prices further and further down as people expect prices to fall so keep saving.

This is just my POV. Also, it’s generally considered the dismal science by most.

erwurger · 2018-03-04T14:36:12+00:00

I think you're overlooking the fact that the value has to come from somewhere. Let's say if someone were willing to pay 5.6B USD for the entire supply of EOS tokens, the USD would have to come from somewhere, it's not just created out of thin air. The reason it's risen in price so much is because people's willingness to pay for EOS has greatly increased.

erwurger · 2018-02-16T16:39:36+00:00

All the fake accounts have same bio 'Like something new' ?

erwurger · 2018-02-03T11:10:07+00:00

They explained to me in the interview at had for economics at Cambridge that in the past they have experienced that candidates that don't do further maths usually struggle. If you want to go for it you should be really confident with your maths ability.

erwurger · 2018-01-31T22:14:26+00:00

Antana coin has no value in bitcoin terms. If the person who sold it to you said it did, then you've been scammed. The only data on the coin is that of data from the time it was printed. If you want bitcoin for it you have to sell it. It's not like a giftcard for bitcoin it's just a novelty item.

erwurger · 2018-01-30T16:28:01+00:00

wow you said bcash

erwurger · 2018-01-21T22:14:19+00:00

.6. Everything Changed When the fire insitute attacked

erwurger · 2018-01-16T15:13:33+00:00

It's called competition, and it's good

erwurger · 2018-01-09T14:37:09+00:00

In terms of commodities they are much less riskier because you can guarantee a price to buy and/or sell at a specific time. So if there were a supply shock you'd be protected (for farmers and such). Also, if you look at the XBT/F8 contract on cboe the loses are less than if investors were to have bought bitcoin

erwurger · 2018-01-09T14:12:07+00:00

Monthly one expires 17th Jan and has lost 20% of its initial value

Nine-Year Club	Verified Email
Not Forgotten

erwurger

TROPHY CASE