Extensively revised and updated following the fallout from the global financial crisis, the 6th edition of this highly regarded book brings the reader right up to speed with the latest financial market developments, and provides a clear and incisive guide to a complex world that even those who work in it often find hard to understand. In chapters on the markets that deal with money, foreign exchange, equities, bonds, commodities, financial futures, options and other derivatives, the book examines why these markets exist, how they work, and who trades in them, and gives a run-down of the factors that affect prices and rates. Business history is littered with disasters that occurred because people involved their firms with financial instruments they didn't properly understand. If they had had this book they might have avoided their mistakes. For anyone wishing to understand financial markets, there is no better guide.
"The Economist Guide to Financial Markets" provides a readable overview of the main financial instruments and the markets in which they trade. Terms are clearly defined and helpful examples are given. The book will be of no value to readers looking for investment strategies. However, it is a great source of background information for students or ordinary readers trying to make sense of financial developments reported in the media.
Good primer
Published by Thriftbooks.com User , 17 years ago
This is a great place to start for someone without an economics or finance background. The author does a good job of giving the big picture of the financial markets. I found the chapters on equities, options, and derivatives to be especially interesting. The last chapter could have been broken into 2 chapters IMO, since there is so much material there. The book is not biased to the US or any particular market. The only negatives are the lack of any mathematics, and the sometimes excessive use of facts and figures.
Basic, but detailed
Published by Thriftbooks.com User , 18 years ago
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.
great book!
Published by Thriftbooks.com User , 18 years ago
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.
Excellent Overview
Published by Thriftbooks.com User , 19 years ago
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.
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