Finance and Financial Markets

DR KEITH PILBEAM is Professor of International Economics and Finance at City University, London, UK. A graduate of Leeds University, he has undertaken postgraduate studies at the College of Europe in Bruges, where he also became a teaching assistant. He obtained his PhD from the European University Institute in Florence and has been employed at the National Westminster Bank and the Royal Bank of Scotland. He is President of International Economics & Finance Society (UK) and consultant to the Foreign Office and a number of academic and City institutions.

Preface; Acknowledgements; The World of Finance; Financial Intermediation and Financial Markets; Financial Institutions; Monetary Policy and Interest Rate Determination; The Domestic and International Money Markets; The Domestic and International Bond Market; Portfolio Analysis: Risk and Return in Financial Markets; The Capital Asset Pricing Model; Stockmarkets and Equities; The Efficiency of Financial Markets; The Foreign Exchange Market; Theories of Exchange Rate Determination; Financial Futures; Options; The Pricing of Options; Swap Markets; The Regulation of Financial Services; Bibliography; Index