The author's excellent reputation in the field and clear style of writing makes the text accessible for novices/non-specialists in finance. The text introduces enhanced pedagogy with extensive end of chapter questions and is extensively revised to assimilate recent developments in theory and practice - it is fully up to date. The author takes a global approach and effectively integrates UK and international material. The new edition is a comprehensive introduction to financial markets, institutions and instruments.
Table of Contents:
Preface
Acknowledgements
The World of Finance
Financial Intermediation and Financial Markets
Financial Institutions
Monetary Policy and Interest Rate Determination
The Domestic and International Money Markets
The Domestic and International Bond Market
Portfolio Analysis: Risk and Return in Financial Markets
The Capital Asset Pricing Model
Stockmarkets and Equities
The Efficiency of Financial Markets
The Foreign Exchange Market
Theories of Exchange Rate Determination
Financial Futures
Options
The Pricing of Options
Swap Markets
The Regulation of Financial Services
Bibliography
Index
Table of Contents:
Preface
Acknowledgements
The World of Finance
Financial Intermediation and Financial Markets
Financial Institutions
Monetary Policy and Interest Rate Determination
The Domestic and International Money Markets
The Domestic and International Bond Market
Portfolio Analysis: Risk and Return in Financial Markets
The Capital Asset Pricing Model
Stockmarkets and Equities
The Efficiency of Financial Markets
The Foreign Exchange Market
Theories of Exchange Rate Determination
Financial Futures
Options
The Pricing of Options
Swap Markets
The Regulation of Financial Services
Bibliography
Index