International Financial Markets: Prices and Policies (Second Edition)

Author: (USA) Levich
Publisher:
Publish Date: 2003-04-01
Features: With the advent and acceleration of global economic integration, the international financial market has become increasingly closely linked with people's lives. Whether it is government officials, financial professionals, investors, or borrowers, they will find that concepts and knowledge related to the international financial market are becoming more and more relevant to their work and life. This book analyzes the main financial markets and instruments that promote investment and trade activities worldwide. From an international perspective, it gathers the current theories of financial instrument pricing, proposes economic determinants of financial prices, discusses the limitations and implications of these models, and evaluates empirical evidence related to some theoretical predictions. Based on the discussion of the market, the author outlines the decision-making problems faced by individuals, private enterprises, and public policy makers. While readers gain a clear understanding of the breadth of emerging financial instruments, they can also learn about the connections between these products and markets. This book is suitable for undergraduate and graduate students in finance, MBA students, researchers, and practitioners in the financial field.