International Capital Markets

2nd edition
ISBN: 978-1-84374-065-0
Verlag: Euromoney

Buch, Englisch, 296 Seiten

In seven comprehensive modules this book examines, in detail, the markets' instruments, participants, techniques and applications and covers the equity markets, the money markets, the bond markets, capital market mathematics, government bonds, and interest rate and currency swaps. Whether you are embarking on a career in the capital markets or seeking to broaden the skills you already have, this workbook is your ideal training tool.

This is the second edition of the bestselling,self-contained training manual. This is the complete training course for anyone seeking a broad yet expert understanding of the instruments and markets that make up the world's capital markets.The international capital markets have evolved rapidly not only in size, but also in the range of instruments, their applications and the sophistication of the techniques involved.

The book explains the markets, the products, the applications and techniques that need to be understood by current and potential market participants.On completion of the course the reader can expect to have a thorough grasp of the workings of the capital markets.

Autoren/Hrsg.

Harvey, Eve

Fachgebiete

• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Internationale Finanzmärkte
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Internationale Finanzmärkte

Inhaltsverzeichnis

Module 1
Introduction to the capital markets
Introduction
What is a Capital Market?
Basic Instruments and Terminology
The US Capital Markets
Participants in the Capital Markets
The Issuer's Viewpoint
The Investor's Viewpoint
The Intermediary's Viewpoint
Off-Balance Sheet Instruments
Regulation
Documentation, Procedures and Clearing
Glossary
Anwers to Exercises

Module 2
International Equity Markets
Introduction
The Nature of Equity
How Shares are Traded
The Primary Market
Deregulation in the US, UK and the Euro
Equity Market Indices
The Valuation of Equities
Derivative Products
Glossary
Answers to Exercises

Module 3
International Money Markets
Introduction
Certificates of Deposit
Bankers' Acceptances
Commercial Paper
The Euro-Commercial Paper Market
How the Euro-Commercial Paper Market Works
Establishing a Commercial Paper Programme
Commercial Paper Case Study
Advanced Uses of Commercial Paper
Medium-Term Notes
Floating Rate Notes
Appendix
Glossary
Answers to Exercises

Module 4
International Bond Markets
What is a Bond?
The Primary Market
The Secondary Market
Bond Valuation
Determinants of Interest Rates
Yield Curves
The Eurobond Market
Glossary
Answers to Exercises

Module 5
Goverment Bonds
Introduction
US Government Bonds
Japanese Government Bonds
UK Government Bonds
The Euro and Government Bonds
German Government Bonds
French Government Bonds
Risk Management Applications
Glossary
Answers to Exercises

Module 6
Interest Rate and Currency Swaps
Introduction
Interest Rate Swaps
Understanding an Interest Rate Swap
Currency Swaps
How Currency Swaps Work
Asset Swaps
Swaps Administration
Innovative Uses of the Swap
Summary of Features and Benefits
Glossary
Anwers to Exercises

Module 7
Capital Market Mathematics
Introduction
Basic Concepts
Simple Interest Calculations
Simple Yield Calculations
Compound Interest Calculations
Present Value Calculations
Worked Example
Cash-Flow Analysis and Internal Rate of Return
Yield on Discount Instruments
Practical Points
Anwers to Exercises