Financial Market Rates and Flows
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Book Overview
This book covers interest rates and financial risk management while providing a conceptual basis from which to understand interest rates, interest-rate differentials, financial market equilibration, risk, and risk shifting.Emphasizing financial risk management, this book reflects the latest developments. It considers the volatility of bond prices with respect to coupon rate and maturity, and convexity while offering an extensive exploration into currency risk as it affects a foreign bond portfolio. It also explores the arbitrage equilibration between financial markets and likely changes that accompany change in the institutional environment. The fifth edition of Financial Market Rates and FlowsD has been revised to include a new chapter on prices and yields for bonds and money market instruments and one on mortgage securities and prepayment risk. Its overall presentation has been revised to reflect the latest shifts in the financial markets. In addition, the presentation of flow of funds has been updated and streamlined for easier comprehension and the discussion on modeling the term structure of interest rates as well as duration and convexity has been updated.
Format:Paperback
Language:English
ISBN:0133591913
ISBN13:9780133591910
Release Date:January 1994
Publisher:Prentice Hall
Length:338 Pages
Weight:0.95 lbs.
Dimensions:0.7" x 6.0" x 8.9"
Customer Reviews
3 ratings
Compact compendium of financial information
Published by Thriftbooks.com User , 21 years ago
In this text, Van Horne combines elements of both finance and economics; this results in an outstanding compendium of financial theory as it relates to financial markets. However, the breadth of the material and the detail to which the reader is exposed necessitates succinct dissemination in such a compact text (300 pages). I've found more information in this paperback than most hardcover texts (800 pages or more) that I've read, and at half the price.My fellow students and I plowed our way through it in one 400-level course in the finance program at EWU. This is advanced material and not for the faint of heart. As I remember it, there was a sizable number of students with weak hearts about half-way through the quarter.
a great contribute to financial market theory
Published by Thriftbooks.com User , 25 years ago
Professor Van Horne Books are certainly fundamental to approach right the theory of finance. I think we have all to thank him for his studies.
A good reference for fixed income securities
Published by Thriftbooks.com User , 25 years ago
A compact book focusing on fixed-income market, derivatives, and risk management. Highly Recommended for advanced undergraduates
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