An Introduction to Global Financial Markets

An Introduction to Global Financial Markets describes the financial world in clear, easy to understand terms. The authors provide comprehensive coverage of commercial and investment banking, foreign exchange, money and bond markets, stock markets and derivatives and an up to date analysis of the global financial crisis. Key benefits: * A new chapter on the global financial crisis and banking regulation * Updated coverage of investment banking, hedge funds and private equity * Details of controversial new market instruments: credit default stops and collateralised mortgage obligations * Expanded coverage of emerging markets, including Brazil, Russia, India and China * New companion website featuring PPT slides, interactive revision questions, case studies and exercises, bonus chapters and analytical content An Introduction to Global Financial Markets is recommended for students studying finance and financial institutions, practitioners, and those who require an understanding of the global financial system.

ISBN 0230243096   Pages 528 ISBN13 9780230243095 (What's this?)   Weight (grammes) 782 Publisher Palgrave Macmillan   Published in Basingstoke Imprint Palgrave Macmillan   Previous ISBN 9780230006355 Format Paperback   Height (mm) 234 Publication date 02 Apr 2010   Width (mm) 156 DEWEY 332.042   Spine width (mm) 29 DEWEY edition DC22   Academic level Tertiary education

1		The Debt Merry-Go-Round		3
2		Banking Background		15
3		The Role of the Central Bank		55
4		Commercial Banking		73
5		Investment Banking		111
6		The Money and Bond Markets		129
7		Stock Exchanges		185
8		Hedge Funds and Private Equity		235
9		Financial Crisis		263
10		Foreign Exchange		311
11		European Economic and Monetary Union		343
12		Traded Options		381
13		Financial Futures		401
14		Other Derivative Products		415
15		The New Tiger Economies: China and India		441
16		Key Trends		469
		Glossary		479
		Index		490

'For the next 20 years, the most important feature of any financial market text will be its treatment of the worldwide financial crisis of 2007-2009. And in my view, the very best feature of Valdez and Molyneux is that readers can get to this material quickly--after just a handful of requisite chapters on the basics of markets and institutions--so that important financial market issues can be discussed in full light of this historic and nearly catastrophic financial episode. The details, the causes, and the near-term consequences of the crisis are all here, and they are presented, as is all of the material in this book, in friendly and highly readable fashion. I especially recommend this book to readers who want (need) a non-US-centric perspective on global financial markets and the fallout from a US-bred crisis.' - Robert DeYoung, Capitol Federal Chair in Financial Markets and Institutions, The University of Kansas 'A book that no international banker or banking academic should miss if he/she wants to stay up to date on banking developments on a rapidly changing banking landscape worldwide.' - Alicia Garcia-Herrero, Chief Economist for Emerging Markets, Economic Research, Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), Hong Kong Branch 'Well done to the authors: a great overview of the global financial system: understandable, comprehensive and very up to date.' - David Marques Ibanez, European Central Bank, Financial Research Division, Frankfurt, Germany 'This 6th Edition of An Introduction to Global Financial Markets is a must read for those beginning to study finance and an essential reference for advanced students of the topic. The coverage of the recent financial crisis is fantastic and provides a thorough update of all the data, markets, institutions, and financial instruments that played a role in the crisis.' - Allen N. Berger, H. Montague Osteen, Jr., Professor in Banking and Finance, Moore School of Business, University of South Carolina, USA 'Valdez and Molyneux's book is without competitor. There are two main reasons for its growing success: it is complete, up-to-date and of a truly global scope; and it is written in a limpid and lively way. Furthermore the new chapter on the subprime crisis and its developments represents an invaluable synthesis. This book definitely provides the best introduction to the study of world financial markets.' - Francis Bismans, Professor in Economics and Finance, BETA and University of Nancy, France 'An excellent overview of international financial markets providing a valuable information source for both students and practitioners. Content is up to date with clear examples from a wide range of markets, and a succinct analysis of the recent financial crisis.' - Scott Goddard, Associate Director and specialist in International Finance, Nottingham University Business School, UK 'An Introduction to Global Financial Markets provides a comprehensive and inspiring introduction to global financial sectors and a thought-provoking description of major international financial activities. The new edition of the book is further completed with an objective yet insightful account of the recent financial crisis, conveying important information and implications to markets participants and policymakers around the world.' - Dr. Ruijun Bu, Lecturer in Economics, University of Liverpool Management School, UK, and Visiting Fellow in Finance, Bendheim Center for Finance, Princeton University, USA 'Valdez and Molyneux provide an excellent introduction to the modern global financial markets. No prior knowledge is required and the book is clearly written. The authors cover a wide range of topics that includes the role of central banks, investment banks, bond, equity and derivatives markets. They also discuss the rising superpowers of India and China, the credit crunch and the emerging trends in finance after the credit crisis. Overall the book is a first rate introduction to the finance world for undergraduate s

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