An Introduction to Global Financial Markets is an essential read for Economics students, economics enthusiasts, or anyone who wishes to plug remaining gaps in their financial knowledge. Coming from the multi-layered academic discipline of International Relations, I became increasingly aware of how important finance and economics figures into this, but with the many different areas to my study, I felt that the ground I had covered on the global economy was far from adequate. Furthermore, as a reader of The Economist and Financial Times, I am humbling enough to admit that I frequently encountered terms and procedures that I did not quite understand. Global Financial Markets has more than plugged those gaps. Within this huge volume is contained every item you need to understand, from the bond markets, equity, derivatives, forex, and some other phenomena on the world scene, such as European Unity and the rise of China and India. This is not a book to be read lightly, it is one which one should bookmark, take notes, or if using Kindle, make good use of the highlighting facility. To be concise, an economics book that is not lacking in the slightest, and essential reading for Economics or Finance Undergrads, or anyone outside of the discipline who wishes to plug the gaps in their knowledge. After this book, there will be few gaps left to plug.
As someone who is soon to be starting a career in the city i have been reading a number of introductory books of this kind. This book manages to be incredibly thorough whilst still being interesting enough not to lose ones attention. It is well set out and chapters build logically on the previous information. The additional chapters covering the global financial crisis and some of the emerging economic powers lay a good foundation to the understanding of these topics and the chapters on derivatives are some of the best written i have come across.
I have owned this book for many years, buying newer versions. I highly recommend the book, both in terms of getting your head round what financial markets are like, but also it can be used as reference source afterwards. I have used it to advance my career very successfully :-)
Books on finance with an American perspective are quite easy to find here in Brazil, since most of such books are originally published in the USA and they are exported worldwide. Thus, publications reporting financial issues (including historical facts on finance) from the European Union are quite rare outside Europe, regardless of the current debate and even turmoil linked to the so-called “Brexit”. Thus, who is interested in global financial markets should be acquainted with approaches, history, and terminology from both the USA and Europe. The book from Valdez & Molyneux provides the latter. Moreover, the book gives also a glimpse on finance in the so-called emerging markets. Last but not least, the 8th paperback edition is nicely printed and, hence, agreeable to read.
I reviewed the indexes and contents of several books before purchasing. Valdez and Molyneux was the one that covered the greatest number of relevant, interconnected topics. Moreover, despite being a text book, the style is narrative, pleasant.