Capital Markets
Capital Markets is a widely used text covering the wide range of instruments available in financial markets, with a new emphasis on risk management and regulatory reform. The book begins with an introduction to financial markets, offering a new chapter that provides an overview of risk—including the key elements of financial risk management and the identification and quantification of risk. Capital Markets includes chapters on money market instruments, municipal securities, credit-sensitive securitized products, and advanced coverage of derivative markets. Each chapter ends with a review of key points and questions based on the material covered.
The book provides very comprehensive coverage of all aspects of capital markets. It is a must-have book for investors, traders, risk managers, and regulators. It is also an excellent book for students of finance.
― Yu Zhu, retired Professor of Finance, China Europe International Business School
Capital Markets also covers:
- market participants, including a new chapter on collective investment products managed by asset management firms;
- the basics of cash and derivatives markets, with new coverage of financial derivatives and securitization;
- theories of risk and return, with a new chapter on return distributions and risk measures;
- the structure of interest rates and the pricing of debt obligations;
- equity markets;
- debt markets.