Item description for Global Finance and Financial Markets: A Modern Introduction by Ferdinand E. Banks...
This is an elementary, up-to-date text and reference book in global finance. It has been especially designed for beginning students in economics and finance, and also for self-study by anyone with a knowledge of secondary school algebra and an interest in finance and financial markets. The subjects taken up in some details are stocks (shares), bonds, interest rates and derivatives, particularly futures, options, and swaps. There are also chapters on exchange rates and banking, and readers are provided with an elementary introduction to risk and uncertainty. The book is also an easily read supplement to more technical presentations, in that it introduces all categories of readers to real world financial markets.
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Studio: World Scientific Publishing Company
Est. Packaging Dimensions: Length: 8.6" Width: 6" Height: 1" Weight: 0.8 lbs.
Release Date Feb 19, 2001
Publisher World Scientific Publishing Company
ISBN 981024326X ISBN13 9789810243265
Reviews - What do customers think about Global Finance and Financial Markets: A Modern Introduction?
Not elementary, not globally focused Jan 18, 2002
This book purports to be elementary and easy to understand. It also claims to introduce the reader to global finance. In fact, it does neither particularly well.
The language is unnecessarily ponderous and unclear, which is a shame. Finance doesn't need to be so academic, boring and confusing. The author does little to welcome neophytes into the financial world, and a lack of interesting visuals and examples doesn't help matters.
Furthermore, much of the book's focus is on generic markets (stocks, futures, etc.), rather than on global (overseas) markets. And so there isn't enough attention to the characteristics and peculiarities of foreign markets. Similarly, the major topics of global finance, that one might reasonably expect to be the meat of such a titled book, are mostly left to just one chapter (Global Finance) of 24 pages!
The book just doesn't fit the bill of a good introduction to global finance.