Part 1 book “Economics for financial markets” has contents: What do you need to know about macroeconomics to make sense of financial market volatility, the time value of money - the key to the valuation of financial markets, the term structure of interest rates and financial markets, and other contents. | Economics for Financial Markets Butterworth-Heinemann Finance Aims and Objectives 䊉 䊉 䊉 䊉 䊉 䊉 books based on the work of financial market practitioners, and academics presenting cutting edge research to the professional/practitioner market combining intellectual rigour and practical application covering the interaction between mathematical theory and financial practice to improve portfolio performance, risk management and trading book performance covering quantitative techniques Market Brokers/Traders; Actuaries; Consultants; Asset Managers; Fund Managers; Regulators; Central Bankers; Treasury Officials; Technical Analysts; and Academics for Masters in Finance and MBA market. Series titles Return Distributions in Finance Derivative Instruments: theory, valuation, analysis Managing Downside Risk in Financial Markets: theory, practice, and implementation Economics for Financial Markets Global Tactical Asset Allocation: theory and practice Performance Measurement in Finance: firms, funds and managers Real R&D Options Series Editor Dr Stephen Satchell Dr Satchell is Reader in Financial Econometrics at Trinity College, Cambridge, Visiting Professor at Birkbeck College, City University Business School and University of Technology, Sydney. He also works in a consultative capacity to many firms, and edits the journal Derivatives: use, trading and regulations. Economics for Financial Markets Brian Kettell OXFORD AUCKLAND BOSTON JOHANNESBURG MELBOURNE NEW DELHI This book is dedicated to my wife Nadia without whose support it would not have been written and to my sister Pat without whom it would not have been typed. Butterworth-Heinemann Linacre House, Jordan Hill, Oxford OX2 8DP 225 Wildwood Avenue, Woburn, MA 01801-2041 A division of Reed Educational and Professional Publishing Ltd A member of the Reed Elsevier plc group First published 2002 © Brian Kettell 2002 All rights reserved. No part of this publication may be reproduced in any material form .
