Have view altered by money

Global Finance and Financial Markets

May 30, 2003

Every so often a book appears that makes a teacher reflect on how a subject should be introduced to the beginner. Global Finance and Financial Markets, an overview of the world of international money and investment, falls into this category.

In nine short chapters, plus a glossary of terms, it provides an overview of money and interest, the role of banks, stock-market investments, derivatives, exchange rates, interest rates, global finance, risk and uncertainty, and how the international financial system is evolving in the 21st century. While each chapter merits a book of its own, the author has sought, successfully, to provide the reader with the essentials for each topic. For example, the chapter on futures and options avoids mathematical complexities through a conceptual exposition of how options are valued and their practical use.

While not a traditional textbook as such (although there are end-of-chapter exercises), it is particularly suitable as a primer for introductory courses in international finance or for participants on executive development courses, where there is a need to ensure that participants have a basic understanding of the

international financial system and instruments. Though outstanding in its approach, it is regrettable that the text does not have more illustrations.

Peter Moles is lecturer in finance, School of Management, University of Edinburgh.

 

Global Finance and Financial Markets: A Modern Introduction. First edition

Author - Ferdinand E. Banks
ISBN - 981 02 4326 X and 43 8
Publisher - World Scientific
Price - £34.00 and £18.00
Pages - 317

You've reached your article limit

Register to continue

Registration is free and only takes a moment. Once registered you can read a total of 6 articles each month, plus:

  • Sign up for the editor's highlights
  • Receive World University Rankings news first
  • Get job alerts, shortlist jobs and save job searches
  • Participate in reader discussions and post comments
Register

Have your say

Log in or register to post comments

Most Commented

Artist Frank Boelter sitting in life-size paper boat

Creator of crowdfunding teaching tool says entrepreneurship courses should drop the traditional business plan as a method of assessment

Man photocopying a book

Students think it ‘unfair’ to be punished for unintentional plagiarism

Child drives miniature car into people

Smaller, newer alternative providers are less likely to pass higher education review, analysis says

Superhero costumes hanging on a washing line

Senior management do not recognise support staff’s pivotal role in achieving positive student outcomes, administrators say

to write students’ assessed essays in return for cash

Vic Boyd was on the lookout for academic writing opportunities. What she found was somewhat less appetising...