Average customer rating:
- Excellent review
- Comprehensive coverage
- Dense, mostly unreadable
- Comprehensive, but information/technology is dated.
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Swap and Derivative Financing: The Global Reference to Products, Pricing, Applications and Markets, Revised Edition
Satyajit Das
Manufacturer: McGraw-Hill Companies
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Binding: Hardcover
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ASIN: 1557385424 |
Book Description
Addresses recent developments in the market and analyzes new swap structures. Explains the banking innovations, techniques and players that spawned this financial revolution. Specific topics include: The structure and operation of all major swap markets in North America, Europe and Asia; The economics and pricing of a wide variety of swap structures; Techniques for hedging swaps and managing a swap inventory; Using swaps to access low-cost funding and to manage asset/liability positions; Accounting, taxation, legal and documentary issues.
Customer Reviews:
Excellent review.......2005-10-19
I find Satyajit Das's books to be quite comprehensive. Indeed, the material is encyclopedic in its coverage of swaps, derivatives and other structured products.
Mr. Das provides original source material on swap structures and paces the reader through difficult material with ease. Anybody who is willing to spend the time will find the material well written from structurer, marketer and client perspectives. This makes it very useful for trading desks of investment banks and hedge funds. The level of detail may appear daunting at first but is necessary to acquire knowledge in this specialized field.
I have bought most of his books including the current boxed set of 4 books that covers newer areas of credit and interest rate derivatives, and structured products. I am therefore at a loss to see where one of the reviewers has given him a poor rating which I feel is wholly undeserved!
I'd encourage Mr. Das to continue his prolific output as it serves a real need in the investment community.
Comprehensive coverage.......2000-10-01
This is a very comprehensive book on this subject. Covers all the aspects of Swaps and related issues. Although, some isues like BIS guidelines are changed since the last publication of this book, it gives good idea of the regulatory and taxation issues of swaps & other related derivatives. This book can be used as a reference in this field. (not for first time reader of this topic)
Dense, mostly unreadable.......2000-06-28
This book is probably useful as a reference for practitioners. (Or was useful -- as another reviewer points out, much material is dated.) As a text or learning tool it is not particularly good. While I understand that my disppointment was probably from a misunderstanding of the books target, in the sections that I have read, the author sometimes suffers from failing to see the forest for the trees.
Comprehensive, but information/technology is dated........1998-03-29
Good source of basic information, but not much on hedging which is key. Also, information is somewhat outdated. Good to have for a reference book on daycounts, basic structures, etc.
Average customer rating:
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The Politics of the New International Financial Architecture: Reimposing Neoliberal Domination in the Global South
Susanne Soederberg
Manufacturer: Zed Books
ProductGroup: Book
Binding: Paperback
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ASIN: 1842773798
Release Date: 2005-01-13 |
Book Description
Recent years have witnessed a veritable epidemic of financial crises--from Mexico, through South East Asia, Russia, Brazil and now Argentina. The rich industrial countries, led by the United States, have had to respond. This book examines the G7's attempts over the past decade to re-establish rules and a degree of order in the world financial system through the creation of the Financial Stability Forum and the G20, which they are calling the New International Financial Architecture. Susanne Soederberg asks: Why has the New International Financial Architecture emerged? At whose initiative? What does it involve? What are the underlying power relations? Who is benefiting? And, will it really work? The author argues that this tinkering with the capitalist system will not achieve either sustained economic growth or stability in financial markets, let alone enhance the capability of developing countries to tackle the problems of mass poverty and social injustice.
Book Description
This book offers a broad and balanced introduction to financial markets across the world, describing the various financial sectors in clear, easy to understand terms. The book provides comprehensive coverage of commercial and investment banking, foreign exchange, money and bond markets, trade finance, stock markets, options, futures, and other derivatives products--making it the ideal primer for those who require a basic understanding of, or who are new to, the world of finance.
Customer Reviews:
Quality book - great summary.......2006-01-09
This book gives a good summary of several important concepts related to the financial markets. It is a truly introductory level book but it is highly recommended if you are looking for a complete overview to fill up the gaps in your basic knowledge. Highly readable, even for people without a formal background in economoy but with a basic practical knowledge of the financial markets.
One negative point concerns paragraphs where the history of certain concepts is described or where practical examples are given, applying to different countries in the world : these are often too elaborated without any clear added value.
This book is also recommended by 'The Economist' magazine.
Apparently this book rocks........2004-02-21
When an engineering student completely unfamiliar with economics can use this book to prepare a comprehensive collection of lectures for a large group of Ph.D.-level students in Beijing during the transcontinental flight, it is obvious that this book is extremely capable of teaching. Read the news article:
http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2004/02/19/nchina19.xml&sSheet=/news/2004/02/19/ixnewstop.html
However, that makes you question the complexity of the profession and the necessity of the professors teaching it, because if someone can effectively become an expert one a plane trip, it can't be that complicated. That, or Mr. Valdez is a genius who knows how to take something enormously complex and transform it into something incredibly simple.
Truly introductory.......2003-10-01
Although the book by Valdez is truly introductory it does give a good overview of financial markets. It is a pity that Black and Scholes' model or binomial trees are mentioned as too difficult. Different option strategies are mentioned but not explained. One or two graphs would have made it a lot clearer, but as the writer indicates on several occasions, that is outside the scope of this book. For a more thorough understanding of financial markets this book is a good introduction but not enough to really get a good idea.
Book Description
Money and Capital Markets 8/e by Peter Rose provides a thorough and comprehensive view of the whole financial system. All the major types of financial institutions and financial instruments present today are discussed, along with how and why the system of money and capital markets is changing. Money and Capital Markets also provides a descriptive explanation of how interest rates and security values are determined. It discusses the current and future trends of the globalization of financial markets, the ongoing consolidation of the financial institutions’ sector, and recent efforts to protect consumer privacy in the financial services field.
Customer Reviews:
Wonderful service.......2005-07-17
I was very happy with the quality of the product and the fast service. The only thing I was disappointed in was the description did not specify the edition # of the book and what I received was one edition back from what I needed. More information in the description would be very helpful.
Ok review and introduction.......2002-04-28
The book has a lot of detailed historical information about the financial systems. Unfortunatly the author pay too much attention to history and not enough on practical fundementals. There are several errors and steps deleted in the book. Plus not enough examples are provided in comparrison to the problems assigned. Even my professor stated that the 7th edition had plenty of problems that won't be resolved until the 12-13th edition.
Book Description
An informative look at the world of short-term investing and borrowing
The Global Money Markets is the authoritative source on short-term investing and borrowing-from instruments in the U.S. and U.K., to asset-liability management. It also clearly demonstrates the various conventions used for money market calculations and discusses other short-term structured financial products such as asset-backed securities and mortgage-backed securities.
Steven V. Mann (Columbia, SC) is Professor of Finance at the Moore School of Business, University of South Carolina. He has coauthored two previous books and numerous articles in the area of investments and works as a consultant to investment/commercial banks throughout the United States. Moorad Choudhry (Surrey, UK) is a Vice President of structured finance services with JPMorganChase in London. Prior to that he worked as a gilt-edged market maker and Treasury trader at ABN Amro Hoare Govett Sterling Bonds Limited, and as a sterling proprietary trader at Hambros Bank Limited. Moorad is a Senior Fellow at the Centre for Mathematical Trading and Finance, City University Business School.
John Wiley & Sons, Inc. is proud to be the publisher of the esteemed Frank J. Fabozzi Series. Comprising nearly 100 titles-which include numerous bestsellers—The Frank J. Fabozzi Series is a key resource for finance professionals and academics, strategists and students, and investors. The series is overseen by its eponymous editor, whose expert instruction and presentation of new ideas have been at the forefront of financial publishing for over twenty years. His successful career has provided him with the knowledge, insight, and advice that has led to this comprehensive series.
Frank J. Fabozzi, PhD, CFA, CPA, is Editor of the Journal of Portfolio Management, which is read by thousands of institutional investors, as well as editor or author of over 100 books on finance for the professional and academic markets. Currently, Dr. Fabozzi is an adjunct Professor of Finance at Yale University's School of Management and on the board of directors of the Guardian Life family of funds and the Black Rock complex of funds.
Customer Reviews:
Good overall book on money markets.......2003-10-22
This is a timely book that covers in great detail virtually all apsects of the markets. Well written and well worth getting.
Stigum (or Success) versus Choudhry.......2003-10-19
A one-star Amazon review of the late Marcia Stigum's book: "The Money Market" denigrates her work, but recommends this book. Coincidentally it seems to have appeared just after a reviewer recommended her book over "The Repo Handbook" authored by Choudhry, one of the authors of this book.
It hardly seems sporting to denigrate the excellent work of Ms. Stigum when she is no longer able to set the record straight. Her classic work on the U.S. markets that allows one to deduce the dynamics - and equips one to solve the mathematics - of the global money markets deserves high honors.
The unsportsmanlike behavior doesn't end there, since it seems that books with titles that compete with Mr. Choudrhy's upcoming releases have multiple one-star reviews from obvious pseudonyms and free internet accounts. The books that get the most attention from this stalker are the most commercially successful in the competing areas. Perhaps it is a fan gone mad, or perhaps there is a more obvious explanation.
I would have given this book three stars, but I deducted for bad sportsmanship.
Book Description
An initial public offering (IPO) is one of the most significant events in corporate life. It follows months, even years of preparation. During the boom years of the late 1990s bull market, IPOs of growth companies captured the imagination and pocketbooks of investors like never before.
This book goes behind the scenes to examine the process of an offering from the decision to go public to the procedures of a subsequent equity offering. The book is written from the perspective of an experienced investment banker describing the hows and whys of IPOs and subsequent equity issues.
Each aspect of an IPO is illustrated with plenty of international examples pitched alongside relevant academic research to offer a combination of theoretical rigour and practical application.
Topics covered are:
the decision to go public
legal and regulatory aspects of an offering; marketing and research
valuation and pricing
allocations of shares to investors
examination of fees and commissions
* Global perpective: UK, European and US practices, regulations and examples, and case studies
* First hand experience written by an IPO trader with academic rigour
* Includes the changes in the market that resulted from 1998-2000 equity boom
Customer Reviews:
Superb account of the IPO and equity offerings.......2007-01-21
I wanted to learn in detail about the process of the IPOs and secondary public offerings. This book gave me pretty much everything I wanted to know and then some. I found it to be easy to read and engaging. It was just a great, eye-opening book. It's totally up to date even though some research findings are a bit dated because things don't really change that much in the IPO world.
The book is international in scope, and should satisfy those interested in US-only, international-only, or a combination IPOs.
You will learn some things that you probably didn't even now existed. Did you know banks allocate part of their fees to stabilazation, which means they will buy shares when the market opens in case there is a downward pressure on the stock. They are allowed to stabilize the price for 30 days.
Also, did you know that the difference between IPO price and the opening price is risk premium? I always thought that IPOs rise so much on the first day BECAUSE they are so great. In fact, the reason for the rise is the opposite: it's because the company is considered risky by IPO investors and they will only pay enough for it to allow for a nice upside to compensate for their risk. That partially explained the huge run-ups in the first day of trading during the bubble. It's hard to admit that I had all this wrong.
You will learn everything about the process from company valuation, to roadshow and marketing, to the way syndicates work and the associated politics, to the fee allocation among various managers and underwriters. You will also learn about ADRs and the way international companies chose listing on various international (US-including) stock exchanges.
Overall, just a superb book for somebody who wants to completely understand the process of equity offerings. The author uses sufficient examples, but I feel that for those wanting even more detail, the author could have included more war stories and easily increased the size of the book by 50-100%. I am not sure whether that would have made it a better book, though. Right now, it's short and sweet. Easily 4.5 stars.
Book Description
An analysis of the major securities, derivatives and money markets from an operations point of view, 'Understanding the Markets' takes the reader through the major features and characteristics of the markets and the products. The relationship between the trading and dealing functions and the operations functions is examined and the issues discussed.
This book looks at the financial markets from the viewpoint of the person working in the operations functions that support the trading, dealing and investment processes, and as such is essential reading in order to fully understand the industry - an industry which has gone, and is still going through, much change.
As the markets undergo change so too do the administration, clearing and settlement functions, as the clearing houses, securities depositories and custodians merge and diversify. This is going to impact on the operations teams that support the trading, sales and retail business. A failure to be aware of and to understand the impact of changes in the markets will create massive problems, greater risk and ultimately financial losses. And yet the sheer size and diversity of the global markets, together with the rapid pace of change and expansion, and the increasing volume of transactions needing to be processed, presents a massive challenge to operations teams and managers.
Knowing how the markets work and what impacts on the operations team is crucial for managers and supervisors. In this book the author provides a full explanation of the markets and their impact in operations terms. So if you are about to embark on a career in operations 'Understanding the Markets' is essential reading. Alternatively, if you are planning a career as a dealer it will prove very useful in explaining the process that occurs after you have traded.
The definitive series of professional references for those finance professionals concerned with "Back office" or operations management unique to this industry.Presents concise references on the essential management functions such as technology, client services, and risk management for financial operations management professionals.A comprehensive resource from a leading financial management consultant for global banks and institutions.
Average customer rating:
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Building the Global Market:A 4000 Year History of Derivatives
Edward Swan
Manufacturer: Springer
ProductGroup: Book
Binding: Hardcover
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ASIN: 9041197591 |
Book Description
Derivatives trading is now the world's biggest business, with an estimated daily turnover of over US$2.5 trillion and an annual growth rate of around 14%. Despite the fact that derivatives markets have ancient origins, little has been written about their long and complex history of trading and regulation. This unique new work examines the history of derivative contracts, their assignability and the regulation of derivatives markets from ancient Mesopotamia to the present day. The author concludes with an analysis of future regulatory prospects and of the implications of the historical data for derivatives trade and regulation. Building the Global Market will be of great value to the legal profession, derivatives market regulators and all those with an interest in the history and regulation of financial services markets.
Customer Reviews:
Historical background.......2000-05-21
The book is the result of an exhaustive research whose main goal is to help to understand the context of derivatives. Although these are new instruments, they are not a just made creation. Therefore it is important to understand their various application and its background.
Book Description
This book shows how financial intermediaries interact to influence and develop global financial markets. It includes material on central banks such as the Bundesbank, the Bank of England, the Bank of Japan, and the Federal Reserve Bank and discusses the activities of the BIS, IMF and World Bank.
Customer Reviews:
Challenging Material.......2003-09-09
Insofar from what I have read the book, I find it very challenging. It is not an easy book to read and master. One has to be willing to read again and again the assigned chapters to understand(especially chapter 1).But the material is very interesting. Thank you Ms. Allen!
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- The Analysis of Household Surveys: A Microeconomic Approach to Development Policy (World Bank)
- The Art of M&A Due Diligence
- The Art of Trusteeship: The Nonprofit Board Members Guide to Effective Governance (Jossey Bass Nonprofit & Public Management Series)
- The Capitalist World-Economy (Studies in Modern Capitalism)
- The Communist Manifesto (Signet Classics)
- The End of Poverty: Economic Possibilities for Our Time
- The Essays of Warren Buffett : Lessons for Corporate America
- The Eurodollar Futures and Options Handbook (Irwin Library of Investment & Finance.)
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