Capital Market Instruments: Analysis and Valuation (Financial Times Series) - Tapa blanda

Acerca del autor

Moorad Choudhry is a vice-president in structured finance services with JPMorganChase in London. He previously traded gilts and money markets with ABN Amro Hoare Govett Sterling Bonds, and was a sterling proprietary trader at Hambros Bank. He is editor of the Journal of Bond Trading and Management, and is a senior Fellow at the Centre for Mathematical Trading and Finance, City University Business School. Didier Joannas is a regional director with SunGard Trading and Risk Systems in Hong Kong. He worked in the City of London as a quantitative analyst and arbitrage trader on the gilt-edged market-making desk at ABN Amro Hoare Govett Sterling Bonds and ABN Amro Securities (UK). Dr Joannas obtained his PhD from the University of Lyon St A Aetienne in France, specializing in optimum design in aerodynamics. Richard Pereira is a member of the credit derivatives and securitisation team at Dresdner Kleinwort Wasserstein in London. He trained as a chartered accountant after gaining a first-class degree in mathematics from Imperial College, University of London. Rod Pienaar is a business analyst with Deutsche Bank in London, a member of the project group providing technical analysis to the corporate and investment banking division. He graduated in commerce and accounting from the University of Witwatersrand in South Africa, before working as a consultant specializing in market risk management.

De la contraportada

Over the last 30 years, the capital markets industry has undergone an unprecedented transformation, from an industry of capital restrictions and limited hedging instruments to one that is now as wildly diverse as it is dynamic. The increasing complexity of the markets has left many individuals struggling to keep up with the rate of change and ever-growing options available to them.

Capital Market Instruments enables you to keep on track with the latest developments. It contains valuable insights into practical techniques and applications used today, as well as shedding light on what can be expected in the future. It also highlights the scope and significance of these techniques in the marketplace.

As a concise introduction to some of the important issues in the capital markets, it places emphasis on fixed income instruments and related products, as well as covering fundamental concepts in equity market analysis, foreign exchange and money markets, and other derivative instruments.

Capital Market Instruments will prove an invaluable guide for practitioners and students alike, enabling readers to understand the latest instruments and models and apply methods that will keep them abreast with the latest market practices.

Capital Market Instruments is a concise yet detailed guide to the mathematics of the debt and equity capital markets, and one that will prove essential reading for current and potential market practitioners. It emphasizes the practical applications of analytical and valuation techniques that are fundamental to an understanding of both the bond and equity markets. A wide range of topics is covered, from yield curve modelling and index-linked bonds to corporate ratio analysis.

Capital Market Instruments provides clear understanding of key financial concepts, mathematical techniques and market analysis, illustrated with worked examples and case studies of real-world events at a number of investment banks.

The book also includes the RATE specialist computer application designed to introduce readers to yield curve construction, vanilla interest rate swaps, and caps. The CD-ROM includes the C++ source code.

Moorad Choudhry is also the author of Bond Market Securities.

"The authors have applied their practical knowledge to produce a text that is concise yet thorough. It will be extremely valuable both as a beginner's guide and as a work of reference for those more experienced in the world of capital markets."

Ian B. Abrams,
Managing Director,
Mizubo International plc

"Moorad Choudhry and his co-authors have produced a book that provides excellent and comprehensive coverage of a wide range of traditional and modern derivative securities. Given its content and user-friendly style, it is sure to become required reading for many courses in finance."

Brian A. Eales,
Department of Economics,
London Guildhall University

"The complexity of the markets made simple is a goal this book achieves with enthusiasm - an excellent guide suitable for practitioners at all levels."

Huw Williams,
VP, Head of Sales,
EMEA Structured Finance Services,
JPMorganChase

"This is a well-crafted book and a timely addition to the capital markets literature. It deserves a wide readership."

Daniel Shakhani,
Global Credit Strategy,
Goldman Sachs