Pilbeam, K. Intereconomics, 50 2 , pp. Belke, A. Macroeconomic and financial adjustment in globalised economies - The state-of-play.
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He also advises the UK Foreign Office on international economic issues. Description Finance and Financial Markets is a best selling comprehensive introduction to the financial markets, institutions and instruments that constitute global finance.
Its practical approach makes it readily understandable for students on finance and economics courses and those wanting to understand the workings of the modern financial world. This third edition has been thoroughly updated in the wake of the recent financial crisis, and discusses its implications for the finance industry. Key benefits of the third edition: New chapter on the credit crunch covering the causes, events and policy response.
Coverage of recent financial innovations such as collateralized debt obligations and credit default swaps. Completely revised chapter 18 on financial regulation focusing on regulatory issues raised by the crisis. An extensive set of case studies emphasising the real world of finance including the collapse of AIG and Lehman brothers, behavioural finance, the carry trade, foreign exchange intervention, the TED spread and the VIX index.
An on page glossary of key terms. A companion website featuring interactive MCQs, links to financial information and data sources, Powerpoint slides and a timeline of the credit crunch with links to relevant news sources. Description for teachers Acomprehensive and accessible introduction to finance, making the operation of financial institutions, markets and instruments readily understandable for students on finance and economics courses and those wanting to understand the workings of the financial world.
The third edition has also been throughly updated in the wake of the recent financial crisis, and discusses the implications for the finance industry. It explains the major financial assets clearly, outlining their main technical features in an accessible way while leaving a smooth path for more advanced treatment. The layout is clear and the style easy to read. I suspect it will become the standard text for introductory courses in this area. This helps to bring alive many difficult financial theories to the non-mathematical financial specialist.
This text approach offers a readable way to understand the complexities behind the current financial crisis by explaining different financial instruments and its timeline of the world-wide credit crunch. It is written in a clear and accessible style, with plenty of illustrative diagrams and worked examples. Given its comprehensive and up to date coverage of the subject area, I have no hesitation in recommending this book.
It presents an outstanding and unique review of the recent credit crunch with valuable insights and considerable details of its causes and impacts.
Students will benefit by working through the challenging questions at the end of each chapter. Accessible to both students and practitioners, it is a welcome addition to the literature on this subject. An added advantage is that the book is generally light on Mathematics I liked the format for these end-of-chapter exercises given the growing popularity of multiple choice as a means of assessment and as a way for students to quickly consolidate their understanding of key ideas.
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Finance & financial markets
Finance and Financial Markets
Professor Keith Pilbeam