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Zürich, Switzerland

University of Zürich

Banking and Finance

Language: English Studies in English

Subject area: economy and administration

University website: www.uzh.ch

Finance

Finance is a field that deals with the study of investments. It includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainties and risks. Finance can also be defined as the science of money management. Market participants aim to price assets based on their risk level, fundamental value, and their expected rate of return. Finance can be broken into three sub-categories: public finance, corporate finance and personal finance.

Wikipedia

Finance

There’s no longer any reason to believe that the wizards of Wall Street actually contribute anything positive to society, let alone enough to justify those humongous paychecks. ... It’s hard to think of any major recent financial innovations that actually aided society, as opposed to being new, improved ways to blow bubbles, evade regulations and implement de facto Ponzi schemes.

Paul Krugman, "Money For Nothing," The New York Times, April 26, 2009

Wikiquote

Banking

Since those who rule in the city do so because they own a lot, I suppose they're unwilling to enact laws to prevent young people who've had no discipline from spending and wasting their wealth, so that by making loans to them, secured by the young people's property, and then calling those loans in, they themselves become even richer and more honored.

Plato, The Republic, 555c, G. Grube and C. Reeve, trans., Plato: Complete Works (1997), p. 1166.

Wikiquote

Banking

The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it.

John Kenneth Galbraith, Money: Whence it came, where it went (1975), p. 15.

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