Capital Market Instruments: Analysis and Valuation [Paperback]

Moorad Choudhry (Author), R Pienaar (Author), Richard Pereira (Author), Joannas Didier (Author)

Book Description

ISBN-10: 0273654128 | ISBN-13: 978-0273654124 | Publication Date: December 22, 2001

Over the last 30 years the capital markets industry has undergone an unprecedented transformation, from an industry of capital restrictions and limited hedging instruments to one that is now as wildly diverse as it is dynamic. The increasing complexity of the markets has left many individuals struggling to keep up with the rate of change and ever-growing options available to them. Capital Market Instruments enables you to keep on track with the latest developments. It contains valuable insights into practical techniques and applications used today, as well as shedding light on what can be expected in the future. It also highlights the scope and significance of these techniques in the marketplace. As a concise introduction to some of the important issues in the capital markets, it places emphasis on fixed income instruments and related products, as well as covering fundamental concepts in equity market analysis, foreign exchange and money markets, and other derivative instruments.Capital Market Instruments will prove an invaluable guide for practitioners and students alike, enabling readers to understand the latest instruments and models, and apply methods that will keep them abreast with the latest market practices. The book also includes the RATETM specialist computer application designed to introduce readers to yield curve modelling, vanilla interest rate swaps and caps. The programme makes available the C++ source code.

Editorial Reviews

Review

"The authors have applied their practical knowledge to produce a text that is concise yet thorough. It will be extremely valuable both as a beginner's guide and as a work of reference for those more experienced in the world of capital markets." Ian B. Abrams, Managing Director, Mizuho International plc "Moorad Choudhry and his co-authors have produced a book that provides excellent and comprehensive coverage of a wide range of traditional and modern derivative securities. Given its content and user-friendly style, it is sure to become required reading for many courses in finance." "Brian A. Eales, Department of Economics, London Guildhall University" 'The complexity of the markets made simple is a goal this book achieves with enthusiasm - an excellent guide suitable for practitioners at all levels.'" "Huw Williams , VP, Head of Sales, EAME Structured Finance Services, JPMorganChase" "This is a well-crafted book and a timely addition to the capital markets literature. It deserves a wide readership." "Daniel Shakhani, Global Credit Strategy, Goldman" "Moorad Choudhry and his co-authors have made a noteworthy contribution to the literature on financial economics with this book, and I hope that this exciting and interesting new work spurs readers on to their own research and investigation." "Jane Douglas-Jones, Managing Editor, FOW" "Firstly, I would like to congratulate you and your fellow writers on this excellent book. Although I am still doing it justice, it is proving to be invaluable and of unmatched resource within one cover." "Paul Alcock, Director, Innovation Capital"

From the Back Cover

Over the last 30 years, the capital markets industry has undergone an unprecedented transformation, from an industry of capital restrictions and limited hedging instruments to one that is now as wildly diverse as it is dynamic. The increasing complexity of the markets has left many individuals struggling to keep up with the rate of change and ever-growing options available to them.

Capital Market Instruments enables you to keep on track with the latest developments. It contains valuable insights into practical techniques and applications used today, as well as shedding light on what can be expected in the future. It also highlights the scope and significance of these techniques in the marketplace.

As a concise introduction to some of the important issues in the capital markets, it places emphasis on fixed income instruments and related products, as well as covering fundamental concepts in equity market analysis, foreign exchange and money markets, and other derivative instruments.

Capital Market Instruments will prove an invaluable guide for practitioners and students alike, enabling readers to understand the latest instruments and models and apply methods that will keep them abreast with the latest market practices.

Capital Market Instruments is a concise yet detailed guide to the mathematics of the debt and equity capital markets, and one that will prove essential reading for current and potential market practitioners. It emphasizes the practical applications of analytical and valuation techniques that are fundamental to an understanding of both the bond and equity markets. A wide range of topics is covered, from yield curve modelling and index-linked bonds to corporate ratio analysis.

Capital Market Instruments provides clear understanding of key financial concepts, mathematical techniques and market analysis, illustrated with worked examples and case studies of real-world events at a number of investment banks.

The book also includes the RATE specialist computer application designed to introduce readers to yield curve construction, vanilla interest rate swaps, and caps. The CD-ROM includes the C++ source code.

Moorad Choudhry is also the author of Bond Market Securities.

"The authors have applied their practical knowledge to produce a text that is concise yet thorough. It will be extremely valuable both as a beginner's guide and as a work of reference for those more experienced in the world of capital markets."

Ian B. Abrams,
Managing Director,
Mizubo International plc

"Moorad Choudhry and his co-authors have produced a book that provides excellent and comprehensive coverage of a wide range of traditional and modern derivative securities. Given its content and user-friendly style, it is sure to become required reading for many courses in finance."

Brian A. Eales,
Department of Economics,
London Guildhall University

"The complexity of the markets made simple is a goal this book achieves with enthusiasm - an excellent guide suitable for practitioners at all levels."

Huw Williams,
VP, Head of Sales,
EMEA Structured Finance Services,
JPMorganChase

"This is a well-crafted book and a timely addition to the capital markets literature. It deserves a wide readership."

Daniel Shakhani,
Global Credit Strategy,
Goldman Sachs

See all Editorial Reviews

Product Details

• Paperback: 448 pages
• Publisher: FT Press (December 22, 2001)
• Language: English
• ISBN-10: 0273654128
• ISBN-13: 978-0273654124
• Product Dimensions: 10 x 7.7 x 1.1 inches
• Shipping Weight: 2.2 pounds (View shipping rates and policies)
• Average Customer Review: 3.2 out of 5 stars  See all reviews (6 customer reviews)
• Amazon Best Sellers Rank: #2,501,972 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

11 of 12 people found the following review helpful:

1.0 out of 5 stars Basic, January 5, 2004

By A Customer

This review is from: Capital Market Instruments: Analysis and Valuation (Paperback)

This is a basic book that may be good for new people in the market, but professionals will find this lacking.

4 of 5 people found the following review helpful:

1.0 out of 5 stars Poor coverage, February 24, 2004

By 

Soner Tunay (Atlanta, GA) - See all my reviews

This review is from: Capital Market Instruments: Analysis and Valuation (Paperback)

This is a very introductory book for practitioners who do not know the very basics, such as 'models', 'regression', etc.
The content overlaps with the author's other text Bond Market Securities. Corresponding chapters are identical.
Better alternatives are Jarrow, Hull.

4 of 5 people found the following review helpful:

5.0 out of 5 stars Excellent book for new recruits, January 23, 2002

By A Customer

This review is from: Capital Market Instruments: Analysis and Valuation (Paperback)

Because it covers most of the financial instruments that we are dealing on our trading floor, we have decided to offer it as a gift to all new recruits.
It is always difficult for new comers to quickly become knowledgeable about many financial instruments at the same time.

"Capital Market Instruments: Analysis and Valuation" provides all the necessary information to help them become real practitionners within a short time frame.

I would personnaly recommand this book.