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商品描述
A clear new finance textbook that explains essential models and practices, and how the financial world works now
Contemporary Financial Markets and Institutions: Tools and Techniques to Manage Risk and Uncertainty is an ideal introduction to finance for professionals and students. It covers the basic finance theory required to understand the contemporary financial world and builds on it to present finance in a detailed yet comprehensible way. It explains markets and institutions, and the central bank and government policies that influence how they operate.
The book begins with an overview of basic finance theory, including investments, asset return behavior, derivatives pricing, and credit risk. It discusses topics that have dominated markets in recent decades, such as extreme events, liquidity, currency and debt crises, and radical changes in monetary policy and regulation. The concepts are presented alongside examples, strange market episodes, and data from recent experience. Contemporary Financial Markets and Institutions covers advanced credit topics like securitization in a straightforward, succinct way, without advanced mathematics, but with detailed examples using real market data. It integrates financial and macroeconomic content seamlessly. The book is suitable for use by undergraduate and graduate students, and by practitioners of all backgrounds. Abundant pedagogical resources in the book and online facilitate teaching.
This book will help students and practioners:
- Learn the basic concepts and models in finance, including investment, asset pricing, uncertainty and risk, monetary policy and the regulatory system
- Explore recent developments, from the expansion of central banks to the chaos in commercial banking to changes in financial technology, that are dominating markets worldwide
- Gain knowledge of risk types, models, and measurement methods, and the impact of regulation
- Prepare yourself for a successful career in finance, or update your existing knowledge base with this comprehensive reference guide
Ideal as a sole or supplementary textbook for beginning and advanced finance courses, as well as for practitioners in finance-related fields, this book takes a unique, market-focused approach that will serve readers well in our turbulent and puzzling times.
商品描述(中文翻譯)
一本清晰的新金融教科書，解釋基本模型和實踐，以及當前金融世界的運作方式
當代金融市場與機構：管理風險與不確定性的工具與技術 是專業人士和學生了解金融的理想入門書籍。它涵蓋了理解當代金融世界所需的基本金融理論，並在此基礎上以詳細而易懂的方式呈現金融。它解釋了市場和機構，以及影響其運作的中央銀行和政府政策。
本書首先概述了基本金融理論，包括投資、資產回報行為、衍生品定價和信用風險。它討論了近幾十年主導市場的主題，如極端事件、流動性、貨幣和債務危機，以及貨幣政策和監管的根本變化。這些概念與例子、奇特的市場事件和近期經驗數據一起呈現。當代金融市場與機構 以簡明扼要的方式涵蓋了如證券化等高級信用主題，無需高級數學，但提供了使用真實市場數據的詳細範例。它無縫整合了金融和宏觀經濟內容。本書適合本科生和研究生使用，也適合各類背景的從業者。書中和線上的豐富教學資源有助於教學。
本書將幫助學生和從業者：
本書作為初級和高級金融課程的唯一或補充教科書，以及金融相關領域的從業者，採取了獨特的市場導向方法，將在我們動盪而困惑的時代為讀者提供良好的服務。
作者簡介
Allan M. Malz has been chief risk officer at several multi-strategy hedge fund management firms. He worked at the Federal Reserve Bank of New York as a researcher and foreign exchange trader, and helped implement the Fed's emergency liquidity programs addressing the global financial crisis.
Malz is an investment consultant and adjunct professor at Columbia University, and the author of Financial Risk Management: Models, History, and Institutions. His work on predicting financial crises and on risk measurement for options has been published in industry and academic journals. He holds a Ph.D. from Columbia and a Diplom from Ludwig-Maximilians-Universität München.
作者簡介(中文翻譯)
Allan M. Malz 曾擔任多策略對沖基金管理公司的首席風險官。他曾在紐約聯邦儲備銀行擔任研究員和外匯交易員，並協助實施聯邦儲備銀行應對全球金融危機的緊急流動性計劃。
Malz 是一位投資顧問及哥倫比亞大學的兼任教授，也是《金融風險管理：模型、歷史與機構》（Financial Risk Management: Models, History, and Institutions）的作者。他在預測金融危機及選擇權風險測量方面的研究已發表於業界和學術期刊。他擁有哥倫比亞大學的博士學位及慕尼黑路德維希-馬克西米利安大學的Diplom學位。
