Finance

Author: Shen Yue
Publisher:
Publish Date: 2004-05-01
Features: This book is suitable as a textbook for undergraduate and junior college students in finance departments of higher education institutions, as well as a reference for finance professionals. It comprehensively and systematically introduces the theory and operation of financial markets, combining the liberalization, globalization, and securitization trends in finance since the 1990s. The book primarily covers three aspects: an overview of financial markets, theories of financial markets, and financial regulation. It provides an in-depth analysis of financial markets, including the money market, capital market, foreign exchange market, insurance market, venture capital market, and financial derivatives market, along with their specific trading and operational mechanisms. This book offers strong guidance for finance students and professionals. The theories related to financial markets include fundamental concepts such as the Efficient Market Hypothesis, portfolio theory, Capital Asset Pricing, and Arbitrage Pricing Theory. The book elaborates on the development and application of these theories in detail. Financial regulation covers both domestic financial regulation and financial regulation under open economic conditions. The latest theoretical developments in academia hold significant guidance value for finance professionals. The book reflects the newest developments in domestic and international financial market studies, with a well-structured and clear approach, offering both theoretical and practical significance.