Economic content and concepts of Finance

Jun 18th, 2015
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1.1. Theoretical approaches concerning the concept of finance. There are several expressions related to the word “finance” that we read or hear about: public finance, private finance, finance and capital markets, etc. The word “Finance” has a Latin origin. In the texts originating from XIII and XIV centuries we may find words like finatio, financias

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Lecture 1 . Economic content and concepts of Finance 1.1 Theoretical approaches concerning the concept of finance 1.2 Economic content of Public Finance1.3 Functions of finance1.1. Theoretical approaches concerning the concept of finance. There are several expressions related to the word finance that we read or hear about: public finance, private finance, finance and capital markets, etc. The word Finance has a Latin origin. In the texts originating from XIII and XIV centuries we may find words like finatio, financias and financial precuniaris which all mean "payment in cash. In Germany, in the XV - XVII centuries the word Finanz is met, which also means payment in cash, and Finantzer, which describes the usurer (moneylender, broker, stingy). In France in the XV century, such expressions as hommes de finances and financiers were used, to indicate the kings tax-gatherers and the treasurer. It is assumed that the word finance derives from the word finis, often used in the meaning of "payment period". As we know it now Finances means the entire heritage of the state and finance income of the state. In time the word finances has acquired a broader understanding. Now it has many meanings including the state budget; crediting; monetary operations; banking and exchange operations etc. The concept of Finance is closely related to the concept of State. It is linked to the use of money and all other forms of value in the process of na

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