Fundamentals of Financial Instruments is a comprehensive introduction to the full range of financial products commonly used in the financial markets. Author Sunil Parameswaran offers clear, worked examples of everything from basic equity and debt securities to complex instruments such as derivatives and mortgage-backed securities.
In addition to explaining the instruments, Parameswaran also outlines the structure and dynamics of the free-market system and clearly highlights the environment in which such financial instruments are traded.
Financial securities lend themselves naturally to a quantitative analysis. To ensure that readers, irrespective of their academic background, are able to navigate through the presentation, a detailed chapter is devoted to the topic of interest rates and the time value of money. Thereafter the focus shifts to the intricacies of various financial instruments, including:
* equity and preferred shares
* bonds
* money market instruments
* foreign exchange products
* derivatives
* mortgage-backed securities
* swaps.
The book is intended to serve as a standalone reference for market professionals and MBA students. It can also be used as a detailed reference for augmenting standard textbooks used in courses such as Financial Derivatives, Fixed Income Securities, and International Finance.
The essential guide to financial instruments, logically presented
Fundamentals of Financial Instruments deals with the global financial markets and the instruments in which they trade. While most books on finance tend to be heavily mathematical, this book emphasizes the concepts in a logical, sequential fashion, introducing mathematical concepts only at the relevant times. As a result, the reader gains conceptual clarity reinforced by just the right level of technical detail to ensure a comprehensive exposure to the skills needed in the financial world.
* Establishes a strong foundation for understanding global markets
* Acts as an invaluable resource for those considering a career in the financial markets
* Offers an accessible yet in-depth treatise on modern financial instruments
* Presents a logical navigational path for a typical student of finance who is attempting to come to terms with the intricacies of the subject
Covering the fundamentals of various types of assets in a single volume, Fundamentals of Financial Instruments is a compact yet comprehensive one-stop reference for students and professionals in finance and economics.
Sunil Parameswaran
Finance & Investments Finanz- u. Anlagewesen Finanzinstrument