Extensively revised and updated, this fourth edition brings the reader up to speed with the latest developments in financial markets, providing a brilliantly clear guide to a complex world that even those who work in it often find hard to understand. With chapters on the markets that deal with money, foreign exchange, equities, bonds, commodities, financial futures, options and other derivatives, the book explains why these markets exist, how they work, and who trades in them, and provides a run-down of the factors that affect prices and rates.
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Book Description
Editorial Reviews
Review
Fund Manager - 'a useful reference source for all those involved in the industry' and 'Financial journalists, investment advisers and fund managers could all find Levinson's guide extremely useful' The Business Economist (Society of Business Economists' Journal) -'covers the breadth of products and markets admirably. Will provide the relative newcomer to financial markets with a good overview of this extremely complex subject area.'
--This text refers to an out of print or unavailable edition of this title.
From the Inside Flap
Financial markets have been around ever since people settled down to growing crops and trading them with each other. They take many different forms and operate in many different ways. But all of them, whether highly organised, like the New York Stock Exchange, or highly informal, like money-changers in Africa, serve the same basic functions, which range from providing a way of setting prices and valuing assets, through raising capital or investing it, to managing exposure to risk.
The credit crunch and ensuing financial crisis brought home to everyone the enormous influence that financial markets exercise and highlighted the pace of innovation in them and the instruments they trade. This book explains why the different financial markets exist, how they work and who trades in them, and gives a run-down of the factors that affect prices and rates. --This text refers to an alternate Hardcover edition.
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More About the Author
Marc Levinson is an economist and historian specializing in business and finance. He was formerly finance and economics editor of The Economist, worked as an economist at a New York bank, and served as senior fellow for international business at the Council on Foreign Relations. For more information, check out his website at www.marclevinson.net.
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Most Helpful Customer Reviews
25 of 26 people found the following review helpful:
4.0 out of 5 stars
Excellent Overview,
By
This review is from: Guide to Financial Markets, Third Edition (The Economist Series) (Hardcover)
This is an excellent way to gain familiarity with financial markets -- the terms, financial structures, how certain structures might be used. This is not a heavy-duty book aimed at quants; it's aimed at intelligent investors looking for concise reference material. It is also remarkable non-judgemental in that is doesn't adopt any particular investing bias (e.g., efficient market vs value investing approaches, etc). I recommend it for those looking for a good starting point in understanding how markets work.
5 of 5 people found the following review helpful:
4.0 out of 5 stars
Basic, but detailed,
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This review is from: Guide to Financial Markets, Fourth Edition (Economist Books) (Hardcover)
An introduction to the financial markets. The book covers most financial instruments and goes into some detail about each type. It isn't US nor European centric. Well worth the price as most of The Economist series are.
5 of 5 people found the following review helpful:
5.0 out of 5 stars
great book!,
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This review is from: Guide to Financial Markets, Fourth Edition (Economist Books) (Hardcover)
This is a good book for starters like me. It gives you insight about the market, how it behaves and it also discusses the important history in the financial market.
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Front Cover | Front Flap | Table of Contents | First Pages | Index | Back Flap | Back Cover | Surprise Me!
Inside This Book
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First Sentence:
THE EURO is slightly higher against the yen. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
structured securities, repo market, stockbrokerage firms, futures commission merchant, delivery month, clearing member Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, Chicago Mercantile Exchange, Chicago Board of Trade, New York Stock Exchange, Hong Kong, South Korea, Fannie Mae, Tokyo Commodity Exchange, London Stock Exchange, Bolsa de Mercadorias, Bank of England, Bond Market Association, Ginnie Mae, Philadelphia Stock Exchange, Bretton Woods, European Union, General Motors, Tokyo Stock Exchange, World Bank, Australian Stock Exchange, Contract Exchange, Latin America, London Inter-Bank Offer Rate, London International Financial Futures Exchange, New Zealand New!
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Front Cover | Front Flap | Table of Contents | First Pages | Index | Back Flap | Back Cover | Surprise Me!
THE EURO is slightly higher against the yen. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
structured securities, repo market, stockbrokerage firms, futures commission merchant, delivery month, clearing member Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, Chicago Mercantile Exchange, Chicago Board of Trade, New York Stock Exchange, Hong Kong, South Korea, Fannie Mae, Tokyo Commodity Exchange, London Stock Exchange, Bolsa de Mercadorias, Bank of England, Bond Market Association, Ginnie Mae, Philadelphia Stock Exchange, Bretton Woods, European Union, General Motors, Tokyo Stock Exchange, World Bank, Australian Stock Exchange, Contract Exchange, Latin America, London Inter-Bank Offer Rate, London International Financial Futures Exchange, New Zealand New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Front Flap | Table of Contents | First Pages | Index | Back Flap | Back Cover | Surprise Me!
Citations (learn more)
This book cites 3
books:
5
books
cite this book:
- Numbers Guide (Economist) by Economist in Front Matter
- Guide to Economic Indicators by Richard Stutely in Front Matter
- The Economist Style Guide: 9th Edition by The Economist in Front Matter
- The Complete Guide to Capital Markets for Quantitative Professionals (McGraw-Hill Library of Investment and Finance) by Alex Kuznetsov in Back Matter
- Global Finance and Financial Markets: A Modern Introduction by Ferdinand E. Banks in Back Matter
- How the Stock Market Works: A Beginner's Guide to Investment by Michael Becket in Back Matter
- Just What I Said: Bloomberg Economics Columnist Takes on Bonds, Banks, Budgets, and Bubbles by Caroline Baum in Front Matter
- Flying on One Engine: The Bloomberg Book of Master Market Economists by Thomas R. Keene in Front Matter
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