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Finance and Financial Markets [Hardcover]

Keith Pilbeam
4.8 out of 5 stars  See all reviews (10 customer reviews)

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Book Description

15 April 2005 1403948348 978-1403948342 2nd Revised edition
Finance and Financial Markets is a best selling comprehensive introduction to the financial markets, institutions and instruments that constitute global finance. Its practical approach makes it readily understandable for students on finance and economics courses and those wanting to understand the workings of the modern financial world. This third edition has been thoroughly updated in the wake of the recent financial crisis, and discusses its implications for the finance industry.

Key benefits of the third edition:

• New chapter on the credit crunch covering the causes, events and policy response.
• Coverage of recent financial innovations such as collateralized debt obligations and credit default swaps.
• Completely revised chapter 18 on financial regulation focusing on regulatory issues raised by the crisis.
• An extensive set of case studies emphasising the real world of finance including the collapse of AIG and Lehman brothers, behavioural finance, the carry trade, foreign exchange intervention, the TED spread and the VIX index.
• An on page glossary of key terms.
• A companion website featuring interactive MCQs, links to financial information and data sources, Powerpoint slides and a timeline of the credit crunch with links to relevant news sources.
--This text refers to the Paperback edition.

Product details

  • Hardcover: 448 pages
  • Publisher: Palgrave Macmillan; 2nd Revised edition edition (15 April 2005)
  • Language: English
  • ISBN-10: 1403948348
  • ISBN-13: 978-1403948342
  • Average Customer Review: 4.8 out of 5 stars  See all reviews (10 customer reviews)
  • See Complete Table of Contents

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Product Description


'The third edition of Keith Pilbeam's 'Finance and Financial Markets' will be welcomed by all of us struggling to introduce students to the recent operation and collapse of financial markets. It explains the major financial assets clearly, outlining their main technical features in an accessible way while leaving a smooth path for more advanced treatment. There are very welcome chapters on 'Financial Innovation and the Credit Crunch' and 'Regulation of the Financial Sector'. The layout is clear and the style easy to read. I suspect it will become the standard text for introductory courses in this area.' - Martin Hoskins, Lecturer, University of Leicester, UK
'Comprehensive, student-friendly text ... provides a terrific introduction for students on economics, finance and business programmes.' - John Goddard, Professor of Financial Economics, Bangor University, UK

'Pilbeam has created a comprehensive textbook that will skillfully guide students through the essential building blocks of modern finance. Beginners' appetite for numerical examples and graphical demonstrations will certainly find satisfaction here. Given its well-proportioned balance between intuitive thinking and analytical rigor, the author's work will also prove to be a precious reference book for more advanced students.' - Gabriele M. Lepori, Assistant Professor, Department of Finance, Copenhagen Business School, DK

'An excellent intermediate to postgraduate level text, exploring the differences across the main financial centres of the world and utilising innovative examples and real-world tables and figures. This helps to bring alive many difficult financial theories to the non-mathematical financial specialist. This text approach offers a readable way to understand the complexities behind the current financial crisis by explaining different financial instruments and its timeline of the world-wide credit crunch.' - Richard Simper, Senior Lecturer in Economics, Loughborough University, UK

'This book provides financial services students, in a concise manner, an easily understandable review of financial institutions and markets, and helps to create awareness in students of the potential impact of financial innovation through being updated in light of the Credit Crunch.' - Claire McCann, Lecturer in Finance, University of Ulster, NI

'This book provides an excellent introduction to the role and operation of financial markets, instruments and institutions. It is written in a clear and accessible style, with plenty of illustrative diagrams and worked examples. Given its comprehensive and up to date coverage of the subject area, I have no hesitation in recommending this book.' - Jackie Harvey, Professor of Financial Management, Risk and Performance, Department of Accounting and Financial Management, Newcastle Business School, UK 
'A superb blend of theory, recent practical examples and data analysis allowing students to gain a thorough understanding of the workings of financial markets and of financial instruments amongst various financial issues. It presents an outstanding and unique review of the recent credit crunch with valuable insights and considerable details of its causes and impacts. Students will benefit by working through the challenging questions at the end of each chapter.' - Jassodra Maharaj, Senior Lecturer in Economics, Royal Docks Business School, University of East London, UK
Praise for the previous edition:
'Provides a relatively non-technical but comprehensive survey of financial markets and institutions, and is updated with discussion of the many developments since the well-received first edition. Accessible to both students and practitioners, it is a welcome addition to the literature on this subject.' - John Thompson, Emeritus Professor of Finance, Liverpool John Moores University, UK

'Will provide business and finance students with a firm understanding of financial markets, a strong grounding in financial methods and a basis for continued study in finance.' - Dr Everton Dockery, Senior Lecturer in Finance, University of Portsmouth, UK

'Finance and Financial Markets is designed to provide an introduction to those unfamiliar with the workings of financial markets. An added advantage is that the book is generally light on Mathematics... each chapter suggests further reading and includes both a multiple-choice quiz and short-answer questions. I liked the format for these end-of-chapter exercises given the growing popularity of multiple choice as a means of assessment and as a way for students to quickly consolidate their understanding of key ideas.' - Peter Moles, Senior Lecturer in Finance, Edinburgh University Management School, in THES.

--This text refers to the Paperback edition.

Book Description

A comprehensive and accessible introduction to finance, making the operation of financial institutions, markets and instruments readily understandable --This text refers to the Paperback edition.

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Customer Reviews

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4.8 out of 5 stars
4.8 out of 5 stars
Most Helpful Customer Reviews
25 of 25 people found the following review helpful
5.0 out of 5 stars Excellent overview of subject 8 Oct 2005
I selected this book from a few other texts mainly because
it was well presented and somewhat less heavy to carry around.
Well it seems to cover most of what you need to know in finance
banking, hedge funds, foreign exchange, bond pricing, stocks,
how to trade futures and a good intro to options and their
pricing. I really learnt a lot about finance and all the
different instruments that are traded. This guy writes in a very
clear style, I found some of the maths a bit offputting but
I suppose it is part of the subject - at least there are plenty
of examples for those like me that don't have the maths
background. I trade a lot on the spread bets so now I feel a lot
more confident about the risks I am undertaking and it has
increased the range of contracts I can trade.
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5 of 5 people found the following review helpful
4.0 out of 5 stars Excellent Help 1 Nov 2010
Bought this book as it is the recommended text for my Economics of Financial Markets Module in uni and it has been a great help to me. It is written plainly and is very easy to follow and understand. Is also a very reasonable price compared to other text books. Would definitely recommend it to others who may be doing such courses or even for your own personal study.
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2 of 2 people found the following review helpful
5.0 out of 5 stars In-depth & Insightful 9 Dec 2011
By H.Singh
In terms of a detailed outlook and explanation on theories and examples related to global financial markets - it does the job well. A good read ensures the reader gets a good grasp of the concepts.
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6 of 7 people found the following review helpful
5.0 out of 5 stars Finance & Financial Mkts Review 30 Oct 2009
A very informative book covering a diverse set of topics. Put in plain english with a sensible format which is very easy to understand.

Periodic detailed examples helped put 2 and 2 together, and allows for a mathemtical and economical interpretation of the material.

Very good book!
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1 of 1 people found the following review helpful
5.0 out of 5 stars Best finance book 18 April 2013
By Velina
Format:Paperback|Verified Purchase
Best finance book Ive purchased so far, as a Business student with finance, this book helps me cover all aspekts of different markets, gives wide yet well constructed overview.
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