This work describes all phases of the capital market, including the instruments, institutions and valuation of instruments. It offers coverage of capital markets, the instruments, the players, and the principles of valuation with a blend of theory and practice. The second edition expands upon the topics covered in the first and updates all material to reflect financial trends and developments. Coverage of risk and return theories has been expanded, there's a new chapter introducing the swaps market and the coverage of interest rate determination has been expanded. A new chapter devoted to asset-backed securities is also included as are 50 per cent more questions.
Franco Modigliani Books
Explores developments, such as innovation, globalization and deregulation, occurring in the world's financial markets. This study focuses on the practices of financial institutions, investors and instruments. It includes coverage of strategies for risk control in volatile financial environments.
The book features a significant discussion on economic policies, highlighting a seminar led by Prof. Franco Modigliani at the Federal Reserve Bank of San Francisco in January 1977. It includes Modigliani's lecture on the monetarist controversy and stabilization policies, alongside a response from Nobel Laureate Milton Friedman. The content encapsulates their dialogue and a broader floor discussion, enriched by an appendix containing Modigliani's AEA Presidential Address. Dr. Michael W. Keran chaired this notable event, providing a scholarly context to the debates in economics.
Italian