An Introduction to Global Financial Markets
Author: Stephen Valdez
List Price: $29.95
Our Price: Click to see the latest and low price
ISBN: 0312233477
Publisher: Palgrave Macmillan (July, 2000)
Sales Rank: 299,470
Average Customer Rating: 4.5 out of 5
Customer Reviews
Rating: 4 out of 5
Truly introductory
Although the book by Valdez is truly introductory it does give a good overview of financial markets. It is a pity that Black and Scholes' model or binomial trees are mentioned as too difficult. Different option strategies are mentioned but not explained. One or two graphs would have made it a lot clearer, but as the writer indicates on several occasions, that is outside the scope of this book. For a more thorough understanding of financial markets this book is a good introduction but not enough to really get a good idea.
Rating: 5 out of 5
Apparently this book rocks.
When an engineering student completely unfamiliar with economics can use this book to prepare a comprehensive collection of lectures for a large group of Ph.D.-level students in Beijing during the transcontinental flight, it is obvious that this book is extremely capable of teaching. Read the news article:http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2004/02/19/nchina19.xml&sSheet=/news/2004/02/19/ixnewstop.html
However, that makes you question the complexity of the profession and the necessity of the professors teaching it, because if someone can effectively become an expert one a plane trip, it can't be that complicated. That, or Mr. Valdez is a genius who knows how to take something enormously complex and transform it into something incredibly simple.
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