This book gives its readers a clear introduction to the capital markets. The language of the book gives readers a good grasp of the complex financial system and structure. The in-depth coverage of the book makes this an effective supplemental resource material to the already available references about capital markets.
What this book has to offer is its distinct way of presenting a fusion of theories about capital markets and their practical insights.
The book’s readability allows both students and practitioners to comprehend the financial realm with ease. What makes this book a stand out is it’s featuring of finance concepts not usually covered in other books. Finance professionals can turn this material as a refresher and quick learning resource, as this book does not present detailed explanations of concepts. At the same time, this material used a plethora of finance jargon to provide readers ample understanding of the industry at large.
About the Author
Capital Markets and Investments was penned by Dr. Siddhartha Ghosh Dastidar, who is a professor at Columbia University. His rich experience in the industry of financial services has made him earn accolades over the years, including being a consultant of different financial institutions on portfolio construction, management, and other budgeting issues.
Currently, he is a risk manager in Bridge Capital. Dastidar earned his Ph.D. in Finance & Economics from Columbia Business School in New York.
Table of Contents
This book is a good grab for both finance students and practitioners as it covers the following topics:
- The Financial System – Introduction
Key Players on the Financial System
Specialization within the financial system
Principles of pricing financial instruments
- Major Asset Classes and Markets
Major Types of Instruments
Major Asset Classes
Connections between different markets
- The Anatomy of the Sell Side
Structure of a Bulge Bracket Sell-side Firm
Basic Market Microstructure
- Overview of Buy Side Firms
Investment Product offerings
Working at a buy-side firm
- Indices, Benchmarking, Risk Models and Performance Evaluation
Benchmark Indices vs. Strategy Indices
Index Mechanics and Terminology
Measuring Risk – Risk Models
- Factors Affecting Treasury Bond Prices
Reviewing Bond Price-Yield Relationship
Choosing Between Bonds
Quantifying Interest Rate Risk in Treasuries
Hedging Interest Rate Risk