Handbook of Money and Capital Markets

(Hardback)

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Description

Written for the professional money manager, the corporate treasurer, the financial planner and consultant, as well as the serious private investor, this book illustrates the dynamics of contemporary financial markets with thorough coverage of such topics as recent developments in money and capital markets, selected debt and equity market relationships and concepts, swaps, the bond rating process, adjustable rate mortgages, the inderpinnings of basic valuation theory, interest rate spreads and differentials, basic bond portfolio strategies, duration and immunization, high yielding "junk" bonds, pass-through securities, and insured tax-free bonds. Chapters on the mortgage market and foreign exchange markets were contributed by Jerry Belloit of the University of North Florida and John B. Guerard of Lehigh University respectively. New technologies, the entry of new players into the financial services industry, interest rate and energy price swings, and severe inflation followed by modest price increases, among other influences, have heightened uncertainty in financial services markets. This book provides an important aid to those who wish to minimize that uncertainty and reap the rewards of successful investment strategies.

Reviews

Dr. Gart's book is a concise and accurate portrayal of the fixed income markets. His up-to-date descriptions of the investment vehicles available in the marketplace make this book a valuable tool for all investors." --Robert J. Christian, Director of Economic and Fixed Income Research, Provident National Bank "The book is thorough, comprehensive and provides an in-depth description of the financial markets and related financial instruments. People involved in the dynamic world of finance will find it a useful reference and source of guidance in investment making decisions. I recommend it both for the professional and the student.-Rosanne Gatta, Assistant Vice President and Treasurer, Provident Mutual
Gart's book, valuable to academic audiences, contains useful chapters on US treasury and agency securities, corporate bonds, and tax exempt securities. Separate chapters describe money, capital and mortgage markets, and discuss stock exchanges. There is also an analytical discussion of foreign currency options suitable for supplementary reading in an international finance course. Indeed, the entire book could be used by college libraries as a reference source, and the articles in it as supplementary readings for students of corporate finance, money and banking, and public finance.-Choice
Most investment books are for beginners, and many are written to tout one particular strategy or analytical tool. This handbook, however, is aimed at professional investors such as corporate treasurers, financial planners, and money managers. It gives clear and concise but authoritative analyses of almost every conceivable type of financial market and form of investment known to Western capitalism, including not only bonds and stocks (relegated to the last chapter), but investment vehicles scarcely imagined by common dabblers in the money game: variable coupon reservable notes, Yankee CD's, double-barreled bonds, and universal commercial paper, to name a few. The many charts and figures are useful, informative, and well integrated with the text. Chapter summaries, notes, and bibliographies give added value to a very valuable book. Any library with a serious economic or investment collection will want this book, as will stockbrokers and professional financiers.-American Library Book Review
"Dr. Gart's book is a concise and accurate portrayal of the fixed income markets. His up-to-date descriptions of the investment vehicles available in the marketplace make this book a valuable tool for all investors." --Robert J. Christian, Director of Economic and Fixed Income Research, Provident National Bank "The book is thorough, comprehensive and provides an in-depth description of the financial markets and related financial instruments. People involved in the dynamic world of finance will find it a useful reference and source of guidance in investment making decisions. I recommend it both for the professional and the student."-Rosanne Gatta, Assistant Vice President and Treasurer, Provident Mutual
"Gart's book, valuable to academic audiences, contains useful chapters on US treasury and agency securities, corporate bonds, and tax exempt securities. Separate chapters describe money, capital and mortgage markets, and discuss stock exchanges. There is also an analytical discussion of foreign currency options suitable for supplementary reading in an international finance course. Indeed, the entire book could be used by college libraries as a reference source, and the articles in it as supplementary readings for students of corporate finance, money and banking, and public finance."-Choice
"Most investment books are for beginners, and many are written to tout one particular strategy or analytical tool. This handbook, however, is aimed at professional investors such as corporate treasurers, financial planners, and money managers. It gives clear and concise but authoritative analyses of almost every conceivable type of financial market and form of investment known to Western capitalism, including not only bonds and stocks (relegated to the last chapter), but investment vehicles scarcely imagined by common dabblers in the money game: variable coupon reservable notes, Yankee CD's, double-barreled bonds, and universal commercial paper, to name a few. The many charts and figures are useful, informative, and well integrated with the text. Chapter summaries, notes, and bibliographies give added value to a very valuable book. Any library with a serious economic or investment collection will want this book, as will stockbrokers and professional financiers."-American Library Book Review

Author Bio

ALAN GART is Professor of Finance at Lehman College of the City University of New York and Visiting Professor at Columbia University's Graduate School of Business.