An Introduction to Western Financial Markets
Books / Hardcover
Books › Business & Economics › International › General
ISBN: 0333597664 / Publisher: NYU Press, November 1993
Provides a topical and up-to-date introduction to the principal Western financial markets and institutions, particularly those in the US, Europe and Japan. Coverage includes commercial and investment banking, money and bond markets, stock markets, plus futures and their derivative products. Annotation copyright Book News, Inc. Portland, Or.
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This book provides a broad and balanced introduction to the principle Western financial makets and institutions. Unlike other books which tend to focus on an individual market, An Introduction to Western Financial Markets is international in scope. Valdez acknowledges the current movement towards a single global market and recognizes that a parochial knowledge of just one local market is no longer sufficient. Various financial sectors are described in clear and easy to understand terms. Topics covered include banking (commercial and investment), money and bond markets, foreign exchange, stock markets, finance for trade, insurance options, futures, and other derivative products. A final chapter surveys the key trends and issues in the markets today. A useful glossary of terms is included. Pages of mathematical formulae, common in introductory books on finance, are avoided. Valdez clearly shows the importance of these formulae, but is constantly aware of his non-numeric readers. This book will appeal to students of banking, finance, economics, business studies and the securities markets.
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