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Investments: Spot and Derivatives Markets

Investments: Spot and Derivatives Markets


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About the Book

This title seeks to provide a comprehensive introduction to the financial markets. Based on class-tested material, the authors provide coverage of equity, bond and FX-markets and international portfolio diversification. Adopting a practical, real-world flavour throughout, the text is peppered with many numerical examples, whilst "Topic boxes" on current issues and newspaper extracts should enable the student to see the practical application and real-world context of the ideas presented The treatment of anomalies, noise traders, technical analysis, chartism, neural networks and chaos theory reinforce the real-world emphasis, whilst material on corporate finance includes valuation of companies using NPV and real options theory. Raising capital via equity and debt securities as well as dividend and merger policy provide practical illustrations of the theoretical ideas. Futures, options and swaps and their use in speculation, hedging and arbitrage are also examined. Excel spreadsheets are provided, enabling the reader to obtain "hands on" experience in reproducing the numerical examples from the text and inputting their own "scenarios".

Table of Contents:
Preface; OVERVIEW AND BASIC CONCEPTS; Markets, Firms and Investors; The Business Environment; BASIC CONCEPTS; Investment Appraisal; Financial Arithmetic; Basic Statistics; MONEY AND FIXED INCOME MARKETS; Money Markets; Bond Markets; Forward Rates, Yield Curves and the Term Structure; Bond Market Strategies; PORTFOLIO THEORY AND CAPITAL STRUCTURE; Portfolio Theory and Asset Returns; Valuing Firms: Capital Structure and the Cost of Capital; EQUITY MARKETS; Equity Finance and Stock Valuation; Efficient Markets and Predictability. Anomalies, Noise Traders and Chaos; THE FOREX MARKET. The Foreign Exchange Market. Spot FX: Fundamentals and Noise Traders; Technical Trading Rules; International Portfolio Diversification; DERIVATIVE SECURITIES; Derivative Securities: An Overview. Futures Markets; Options Markets; Glossary; List of Symbols; List of 'Topic Boxes'; Internet Sites; References; Author Index; Subject Index;.

About the Author :
KEITH CUTHBERTSON is Professor of Finance at the Management School, Imperial College. He has been an advisor to the Bank of England and UK Treasury and a visitor at the Federal Reserve. He has held chairs at the University of Newcastle and City University Business School, as well as undertaking consultancy with financial institutions. He is the author of another Wiley title, Quantitative Financial Economics. DIRK NITZSCHE is a lecturer in Finance at the Management School, Imperial College. He is also a Visiting Lecturer at City University Business School.


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Product Details
  • ISBN-13: 9780471495833
  • Publisher: John Wiley and Sons Ltd
  • Publisher Imprint: John Wiley & Sons Ltd
  • Height: 241 mm
  • Returnable: N
  • Weight: 1330 gr
  • ISBN-10: 0471495832
  • Publisher Date: 25 Apr 2001
  • Binding: Paperback
  • Language: English
  • Sub Title: Spot and Derivatives Markets
  • Width: 190 mm


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