Financial Market Analysis

An examination and evaluation of the core topics in financial market analysis including the financial system, portfolio theory and management, the valuation of securities and options and futures. As a postscript there is a discussion of the October 1987 crash and the failure of financial markets .

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This core text provides an up-to-date and authoritative explanation of the analysis of financial markets from within the framework of modern finance theory. The author deals with the composition of financial markets; the analysis and valuation of securities traded in financial markets; the use of securities in constructing and managing portfolios and in contributing to portfolio performance; and the causes of failure in financial markets. In particular, attention is paid to new types of investment product, different portfolio management strategies, speculation, arbitrage and risk management strategies and financial market failure.