Guide to Financial Markets, Third Edition (The Economist Series) |  | Author: Marc Levinson
Publisher: Bloomberg Press
List Price: $27.50
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Seller: goodwillofwct
Rating:  7 reviews
Sales Rank: 1149018
Media: Hardcover
Edition: 3rd
Pages: 256
Number Of Items: 1
Shipping Weight (lbs): 1.1
Dimensions (in): 8.7 x 5.8 x 0.9
ISBN: 1576601420
Dewey Decimal Number: 332.64
EAN: 9781576601426
ASIN: 1576601420
Publication Date: April 2003
Availability: Usually ships in 1-2 business days
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Product Description
The definitive guide to why different financial markets exist and how they operate Financial markets play a hugely important role in the modern economy and globalization of them markets continues apace. Electronic trading has led to exponential year-by-year growth in trading on the money and foreign exchange markets. And billions of dollars-worth of derivatives in all kinds of new and fancy—and often almost incomprehensible—forms are created and sold daily. Stock markets have bubbled and burst, proving that their performance can never be taken for granted and giving the bond market a fillip. This book provides a brilliantly clear guide to this complex world that even those who work in it often find hard to understand. With chapters on the markets that deal in money, foreign exchange, equities, bonds, commodities, financial futures, options and other derivatives, it looks at why these markets exist, how they work and who trades in them, and it gives a run-down of the factors that affect prices and rates.
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| Customer Reviews:
Showing reviews 1-5 of 7
 The worst good book I have read in a while............. March 7, 2010
AvidReader
I actually got almost everything I wanted out of this book, but there were several things I hated about it and that is why I gave it two stars, here are my reasons why...........
1. The book doesn't go into much depth about the interrelated markets, like they might mention that options are available in not just stocks, but bonds, securitized debt, etc.....but the book didn't talk about where to look to find this information, or where to look for more in depth information. The book was meant to be broad, but this was just a bit too broad.
2. References, references, references.......Case in point, there are none, zero, zilch, nodda, didn't reference one single thing in the entire book.
3. The author is such a dry boring writer. He explains something then moves on, doesn't put any personality into anything he writes.
4. The author states things like what he says is fact and doesn't go to any degree to prove it, simple references again would help. I often see authors who have an agenda do this very thing, give details about things with zero support. I don't believe the author did this here, but really how am I(a newbie) to know?
5. And this book really isn't meant for someone that knows nothing about the financial world. There were several times where I had to sit back and say to myself, "Really? That's all the depth you thought was needed? Why didn't you explain in simpler terms or start from a better beginning?" The beginning chapter of this book was hysterically short for an intro book, and should have been way better for the shortness that it is.
6. There was no ending chapter to sum everything up. The author just ends abruptly. The end of the Derivatives chapter comes like all other chapters, then that's the end of the book, and nothing else.
But other than that I am somewhat satisfied. I learned a lot of things I did not know, and I imagine that because of the lack of reference material that this is common knowledge and not to be argued with by the experts. That would be the only reason not to have references, because you are stating the obvious and nothing controversial. I was happy to learn that you can create a bond for almost anything, and there are even bonds that last until you die which I would love to have. Cool stuff like that is what kept me interested long enough to finish the book. I don't know if other books that cover the broad range read like this, but so far this would be the best broad range book I have read as it is the first I have read.
 Good For What It Is January 18, 2009
Reader (Arlington, Virginia)
2 out of 2 found this review helpful
"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.
Insightful book for beginners of Advance Financial Management April 29, 2008
Pramesh Aryal (Providence, RI)
1 out of 1 found this review helpful
Book covers theoretical aspect of many capital market terms and terminologies in great theoretical depth. Is one of the good books to start studies in advance capital & financial management.
Good primer September 25, 2007
Isura Edirisinghe (Waterloo, Ontario)
2 out of 2 found this review helpful
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 February 3, 2007
Dale L. Jennings (Phoenix, AZ 85014)
3 out of 3 found this review helpful
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.
Showing reviews 1-5 of 7
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