A Guide to the Financial Markets

This highly successful book, now substantially revised, brings together all the major financial markets. The author achieves this through the simple but effective method of organizing the material into two fundamental parts - capital markets and hedging markets. Capital markets are those which raise money for industry and/or government, namely the stock, money, and bond markets and these form the first part of the book. The latter half describes commodity futures, foreign exchange and options which define the hedging markets. Each chapter provides a full discussion of each market, beginning with basic definitions and concepts and finishing with current problems.