Description
Book SynopsisIn the beginning, there were four financial instruments: a bank deposit, a bill of exchange, a bond, and an equity. Today, as a result of a steady stream of financial innovations, the market landscape is far less sparse-and far more complex. To help you maneuver smoothly and profitably within this crowded and much-evolved arena, Julian Walmsley''s New Financial Instruments has been thoroughly revised and expanded to include complete coverage of all the new financial instruments available to market practitioners.
New Financial Instruments, Second Edition offers a clear, practical perspective on the shifts and changes behind today''s dizzying proliferation of market tools and techniques. Its in-depth examination of both international and domestic markets probes the nature, causes, and consequences of financial innovation, as well as the ins and outs, advantages and disadvantages of the myriad products engendered by change.
New Financial Instruments, Second Edition is a
Trade Review"With the flood of innovations we have seen in international finance in recent years there was a great need for a succinct, comprehensive survey of the field. New Financial Instruments fills that need admirably."-Professor Brian Scott-Quinn, ISMA Centre, University of Reading, U.K. (www.ismacentre.rdg.ac.uk)
"For the practitioner to keep up with innovations across a wide range of markets is always difficult. This book will be a great help to those who need to bring themselves up to date with a great variety of markets."-John Langton, Chief Executive, International Securities Market Association, Zurich
Praise for the original edition of New Financial Instruments: "Walmsley's New Financial Instruments is an eye-opening tour through the world of high finance. The author is well versed in the innovations taking place around the globe and explains their operations with much clarity . . . a must read for anyone who wants to be brought up to date on the latest trends in international financial markets."-Francois A. Lees, Professor of Finance, Saint John's University, New York
Table of ContentsFOUNDATIONS.
Financial Innovation.
Basic Instruments.
Some Analytical Tools.
Forwards and Futures.
Swaps.
Option Basics.
NEW FINANCIAL INSTRUMENTS.
Option Instruments.
Securitization.
New Types of Bonds.
Mortage-Backed Securities.
Asset-Backed Securities.
Structured Notes.
Credit Derivatives.
Preferred Stock.
Convertibles and Warrants.
Equity Derivatives.
Special Types of Equity.
Bibliography.
Index.
