20 lines
1.7 KiB
Markdown
20 lines
1.7 KiB
Markdown
# Financial Asset
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A financial asset is a non-physical asset whose value is derived from a contractual claims on [income cashflows](income-cashflows.md), an underlying [currency](currency.md) or [commodity](commodity.md), or risk transfer between counterparties.
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Financial assets definitionally have no [use value](use-value.md). However a financial asset with must have either income or an underlying that generates its [fundamental value](fundamental-value.md).
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See also [ficticious commodity](ficticious-commodity.md).
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## Examples
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* [Stock](stock.md)
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* [Bond](bond.md)
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* [Credit default swap](cds.md)
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## References
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1. Hanley, Brian P. 2018. ‘The False Premises and Promises of Bitcoin’. ArXiv:1312.2048 [Cs, q-Fin], July. http://arxiv.org/abs/1312.2048.
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1. Taleb, Nassim Nicholas. 2021. ‘Bitcoin, Currencies, and Fragility’. ArXiv:2106.14204 [Physics, q-Fin], July. http://arxiv.org/abs/2106.14204.
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1. Krugman, Paul. 2021. ‘Technobabble, Libertarian Derp and Bitcoin’. The New York Times 21. https://www.nytimes.com/2021/05/20/opinion/cryptocurrency-bitcoin.html.
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1. Bellinger, Matthew. 2018. ‘The Rhetoric of Bitcoin: Money, Politics, and the Construction of Blockchain Communities’. ResearchWorks Archive. PhD Thesis. https://digital.lib.washington.edu/researchworks/handle/1773/43342.
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1. Grinold, Richard C., and Ronald N. Kahn. Active portfolio management: Quantitative theory and applications. Probus, 1995.
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1. Wilmott, Paul. Paul Wilmott introduces quantitative finance. John Wiley & Sons, 2007.
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1. Bindseil, Ulrich, Patrick Papsdorf, and Jürgen Schaaf. 2022. ‘The Encrypted Threat: Bitcoin’s Social Cost and Regulatory Responses’. 7 January 2022. https://www.suerf.org/docx/f_88b3febc5798a734026c82c1012408f5_38771_suerf.pdf. |