Modern Finance Theory offers certain predictions about how an efficiently organised financial system operates, for example how securities such as bonds or shares operate. Financial Market Analysis provides the means of assessing the results in a practical hands on manner. It looks at for example how these securities ought to be organised and managed in light of the modern finance theory. You can then compare the theory with the real world of security analysis and evaluation, and the theory with the real world of portfolio structuring and management, in order to determine how well practice corresponds with the theory, or, alternatively, how difficult the theory is to implement in practice.
Book Details:
- Author: David Blake
- ISBN: 9780471877288
- Year Published: 2000
- Pages: 748
- BISAC: BUS027000, BUSINESS & ECONOMICS/Finance
About the Book and Topic:
Modern Finance Theory offers certain predictions about how an efficiently organised financial system operates, for example how securities such as bonds or shares operate. Financial Market Analysis provides the means of assessing the results in a practical hands on manner. It looks at for example how these securities ought to be organised and managed in light of the modern finance theory. You can then compare the theory with the real world of security analysis and evaluation, and the theory with the real world of portfolio structuring and management, in order to determine how well practice corresponds with the theory, or, alternatively, how difficult the theory is to implement in practice.
This is the only UK version covering the markets at this level. It has been brought up to date with all the latest developments in the literature, eg VaR, Speculative bubbles, volatility effects in financial markets, chaos and neural networks. This book is crucial as it fills the gap between highly specialist technical finance books and descriptive finance books. The books coverage is systematic and methodical ideal for course adoptions. When compared to the US equivalents (see competition) this book covers a greater range of financial products, eg exotic options, fund management, and performance measurement using derivatives in the portfolio.
Essentially Financial Market Analysis should be read before Wilmott: Derivatives. The book is the second edition of popular and successfully launched first ed. Published by McGraw. Which sold over 10,000 copies. The new edition has been expanded from 400 to over 600 pages. and provides the latest developments in the literature eg. value at risk, speculative bubbles, volatility effects in financial markets, chaos and neural networks. The only UK book of its kind all the competition are by US authors. Of the competition cited this book covers a greater range of financial products, eg exotic options,: covers fund management and performance measurement using derivatives in the portfolio. Financial Market Analysis provides a readable text which provides sufficient attention to modern finance theory and more importantly its implications, without being a text on the principles of finance, of which there are many examples (such as: Hull, Options, Futures and Other Derivative Securities, #30.95, Prentice Hall. Financial Calculus: An intro to derivative pricing, Baxter, Rennie, #26.56 (amazon) CUP. The book also provides sufficient illustrations of the various financial instruments and how they are used, but without being merely being a handbook for professionals. The only other related title is a Wiley NYP, see related titles.
About the Author
DAVID BLAKE is Professor of Pension Economics and Director of the Pensions Institute at Cass Business School, London, and Chairman of Square Mile Consultants, a training and research consultancy. He was formerly Director of the Securities Industry Programme at City University Business School, Research Fellow at both the London Business School and the London School of Economics and Professor of Financial Economics at Birkbeck College, University of London. He is consultant to many organisations, including Merrill Lynch, Deutsche Bank, Union Bank of Switzerland, Paribas Capital Markets, McKinsey & Co., the Office of Fair Trading, the Office for National Statistics, the Government Actuary’s Department, the National Audit Office, the Department for Work and Pensions, HM Treasury, the Bank of England, the Prime Minister’s Policy Directorate and the World Bank. In June 1996, he established the Pensions Institute, which undertakes high-quality research on all pension-related issues and publishes details of its research activities on the internet.