Bálint Zsolt NAGY
Interpretations and Usages of Time in the Theory of Finance
Institution:
Babeş-Bolyai University, Cluj
Author's email:
balint.nagy@econ.ubbcluj.ro
Abstract:
In the present article we attempt to give a general perspective on the role and usage of time generally in economics and specifically in different areas of the theory of finance as a sub-part of economics. After discussing time in economics in the first chapter, we turn to specific issues such as market timing of investments, timing of replacement decisions and the problem of intertemporal choice (discounting). In the last chapter we discuss controversies and issues related to econometric modelling and time series analysis in finance.
