Finance: od teorie k realitě – Černohorský Jan (2020)

The book serves as a guide to the fundamental areas of finance, from theoretical understanding to the reality of finance in today's world. It characterizes individual areas of finance separately, defining their common features and interconnections. The book starts with an explanation of the understanding of currency and money, from historical forms to crypto-assets. It continues with a characterization of monetary policy, reflecting changes after the financial crisis, including unconventional monetary policy, and explaining the essence, causes, and consequences of inflation and deflation. Furthermore, it emphasizes the importance of interest rates in the real economy and the significance of the financial market, including characteristics of specific financial market institutions and trends. In the realm of international finance, it focuses on explaining the balance of payments and exchange rates with practical applications, as well as the main principles of optimal currency areas. The sections on banking and insurance are dedicated to essential insights from these fields, with a strong emphasis on the realities of these markets and current trends. Corporate finance includes crucial insights into business financing, highlighting modern forms of financing. Public finance summarizes the basic insights from this area and addresses, among other things, current...