Financial Market Analysis

Financial Market Analysis provides an up–to–date and authoritative analysis of financial markets from within the framework of modern finance theory. The eagerly awaited second edition of this highly successful book has been greatly expanded from 400 to over 700 pages and contains new material on value at risk, speculative bubbles, volatility effects in financial markets, chaos and neural networks. Financial Market Analysis deals with the composition of financial markets and the analysis and valuation of traded securities. It describes the use of securities both in constructing and managing portfolios and in contributing to portfolio performance. Particular attention is paid to new types of investment product, different portfolio management strategies, speculation, arbitrage and risk management strategies and to financial market failure. Financial Market Analysis is an essential text for all finance–related degree courses at undergraduate, postgraduate, and MBA level. It also provides a useful source of reference for financial institutions and professionals in the financial markets.

Spis treści:
INTRODUCTION TO FINANCIAL MARKETS.
The Financial System.
The Market Determination of Discount Rates.
Financial Arithmetic.
THE ANALYSIS AND VALUATION OF SECURITIES.
Money Market Securities.
Bonds.
Shares.
Foreign Currency.
Forewards and Futures.
Options, Warrants and Convertibles.
Synthetic Securities.
PORTFOLIO ANALYSIS, MANAGEMENT AND PERFORMANCE MEASUREMENT
Market Efficiency: Theory and Evidence.
Speculation and Arbitrage.
Portfolio Analysis and Asset Pricing.
Portfolio Management.
Portfolio Performance Measurement.
Hedging and Efficient Portfolio Management.
POSTSCRIPT.
The Failure of the Financial Markets.
Recent Developments in Financial Market Analysis.

Okładka tylna:
Financial Market Analysis provides an up–to–date and authoritative analysis of financial markets from within the framework of modern finance theory. The eagerly awaited second edition of this highly successful book has been greatly expanded from 400 to over 700 pages and contains new material on value at risk, speculative bubbles, volatility effects in financial markets, chaos and neural networks. Financial Market Analysis deals with the composition of financial markets and the analysis and valuation of traded securities. It describes the use of securities both in constructing and managing portfolios and in contributing to portfolio performance. Particular attention is paid to new types of investment product, different portfolio management strategies, speculation, arbitrage and risk management strategies and to financial market failure. Financial Market Analysis is an essential text for all finance–related degree courses at undergraduate, postgraduate, and MBA level. It also provides a useful source of reference for financial institutions and professionals in the financial markets.