Money and Capital Markets: Pricing, yields and analysis

by Michael Sherris

Overview

Money and Capital Markets provides the most up-to-date, practical coverage of the pricing and analysis of financial instruments and transactions available for Australian and international capital markets.

Here you have the underlying tools and techniques for the valuation and risk management of short-term money market and capital market securities and their derivatives. In a clear and direct way, Michael Sherris covers fixed interest securities, forwards, futures, swaps, options and interest rate derivatives (new in the Second Edition). Everything - from yield calculations to tax and horizon effects to interest rate risk measures - is lucidly explained and extensively illustrated with examples.

An invaluable reference for money market professionals, Money and Capital Markets is essential reading for tertiary students of finance, accounting and actuarial studies.

Product Details

ISBN-13:	9781000938746
Publisher:	Taylor & Francis
Publication date:	05/31/2023
Sold by:	Barnes & Noble
Format:	eBook
Pages:	232
File size:	11 MB
Note:	This product may take a few minutes to download.

About the Author

Michael Sherris is Professor of Actuarial Studies at UNSW. Prior to becoming an academic he worked in the banking and finance industry for a number of major banks and a life insurance company. Professor Sherris has provided consulting advice for a number of banks, life insurance companies and fund managers in the areas of interest rate risk management, derivatives, funds management, project finance, investment modelling and superannuation.

Table of Contents

Diagrams

Tables

Preface

Acknowledgements

1 Price calculations for short-term securities

2 Yield calculations for short-term securities

3 Pricing of long-term securities

4 Yield calculations for long-term securities

5 Interest rate risk analysis for fixed-interest securities

6 Forwards and futures

7 Swaps

8 Options

9 Interest rate derivatives

Glossary of securities

Bibliography

Index