This is the definitive guide to why different financial markets exist and how they operate. Extensively revised and updated, the 4th edition of this best-selling book, brings the reader right up to speed with the latest developments in financial instruments and provides a clear and incisive guide to this complex world that even those who work in ...Read MoreThis is the definitive guide to why different financial markets exist and how they operate. Extensively revised and updated, the 4th edition of this best-selling book, brings the reader right up to speed with the latest developments in financial instruments and provides a clear and incisive guide to this complex world that even those who work in it often find hard to understand. With chapters on the markets that deal with money, foreign exchange, equities, bonds, commodities, financial futures, options and other derivatives, it looks at why these markets exist, how they work and who trades in them, and it gives a run-down of the factors that affect prices and rates. Business history is littered with disasters that occurred because people involved their firms in financial markets they didn't properly understand. Read this book and you and your company won't be new additions to this list. A fabulous source of reference for anyone wishing to understand financial markets - there is no better guide.Read Less
New. The credit crunch and enuing financial crisis showed just how volatile the financial markets can be. Even slight movements in markets prices can have substantial effects on national economies, businesses and institutional investors such as pension funds. Individual investors, meanwhile, face choices among highly complex financial products that are increasingly difficult to get to grips with. Astute use of the financial markets can make all the difference to the bottom line. But in order to act astutely you must understand what you are doing. The Guide to Financial Markets provides a clear explanation of the different markets. It goes well beyond stocks and bonds to explain the purposes and uses of equity futures and options, securitised instruments, and innovations such as the credit derivatives that can help manage risk but can also prove toxic when not used carefully. And so for anyone who wants a good understandign of: " why markets matter " foreign-exchange markets " international fixed-income markets " equity markets " money markets " futures and options markets " bond markets " derivatives markets " securitisation There is no better reference source than this fully revised and updated fifth edition of Guide to Financial Markets. Contents: Why markets matter " Foreign-exchange markets " Money markets " Bond markets " Securitisation " International fixed-income markets " Equity markets " Futures and options markets " Derivatives markets Printed Pages: 256..
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