The International Encyclopedia of the Stock Market lays out in clear, succinct articles the history and analysis of stock exchanges, banks, regulatory bodies, brokers and economies that make the international markets run. Featuring contributions from the editorial staff of the world's stock exchanges and from more than 600 financial experts, the Encyclopedia also includes biographies of key people and explains the techniques, concepts and vocabulary of the markets.
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Book Description
Editorial Reviews
From Library Journal
At a time when it has become almost a clich? to say that we live in a global economy, this new two-volume reference offers a comprehensive overview of global stock markets. It examines numerous countries (literally A to Z), looking at local stock exchanges and providing historical background of top-listed companies and their current market capitalization. Wall Street is also well represented, with excellent chronologies of many large and small brokerages as well as biographical information on famous movers and shakers, both past and present. This could have been a rather specialized directory, but the editors have included definitions of a wide range of financial and business terms in plain English. In addition, the inclusion of online discount brokers in the United States shows an attempt at being current. Unfortunately, there are a few lapses. The editors feature several large U.S. banks but fail to mention that some, notably Citicorp and BankAmerica, have been affected recently by larger mergers. There is no mention that Goldman Sachs, one of the largest U.S. investment banks, has contemplated going public. While good placement of photographs helps to illustrate various individuals and institutions, the book could have benefited from more charts or graphs to explain difficult financial concepts. Finally, the hefty price tag could dissuade many smaller libraries from acquiring this book, which would be a shame. Despite its faults, it has rich and varied content, helpful appendixes, and a thorough bibliography. Highly recommended for larger libraries with business collections.ARichard S. Drezen, Washington Post News Research Ctr., Washington, DC
Copyright 1999 Reed Business Information, Inc.
Copyright 1999 Reed Business Information, Inc.
From Booklist
The development of this specialized encyclopedia was propelled by the observation that "the stock market, whatever its residual regional variations" is now "a worldwide institution, its constituent parts having more in common with each other, country by country, than at any time in the past." It no longer makes sense to produce a reference source that focuses solely on the British, Japanese, American, or any other country's individual stock exchange.
Sheimo has written several other books on the stock market. International Encyclopedia of the Stock Market (IESM) defines more than 2,000 terms that relate to regional and world stock market practice. It describes the economies of both economically advanced and developing countries and contains entries on individuals like Adam Smith and Michael Milken, institutions such as the Deutsche Bundesbank and the Federal Reserve System, and stock market lingo (Acapulco spread, greenmail, haircut). The scope is historical as well as international, with entries on such topics as banking in ancient Egypt and Greece. Specific stock exchanges appear under the country in which they are located. Entries are presented in one alphabetic sequence, with see and see also references used to tie together related topics.
As would be expected, entry length varies widely. For example, stockholder is defined simply as "any person or group of persons owning shares of a company." At the other end of the extreme is the entry for the U.S., running for almost 40 pages. It offers a full-page, black-and-white photo of the modern N.Y. Stock Exchange, a similar photo of the nineteenth-century Philadelphia exchange, share prices (1997) for hundreds of specific companies, specific listing requirements for each exchange, and more. Entries for other countries are similarly detailed, if not as long. Many entries include valuable directory information--trading hours for each exchange; names, addresses, and phone numbers for brokerage firms in each county, for example. The volume concludes with a discussion of emerging markets, a list of world currency, a list of organizations, an annotated bibliography, and an index. The bibliography lists only a handful of titles, but these are annotated in considerable detail. Rather than indexing terms, the index groups entries under selected topics.
IESM is geared to investment advisors, professional and private investors, and to researchers and libraries that serve them. Intelligibly written, it manages to explain complicated ideas in straightforward language. Because of its currency and global treatment of the stock market, it is a unique source and is recommended for medium to large public and academic libraries and all specialized business libraries.
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