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The world of financial markets is enormous, complex, and continually changing. From the trading floors of stock exchanges to the algorithms that power today's digital transactions, financial markets are critical to the global economy's operation. They provide as a platform for capital raising, risk management, currency exchange, and investment, allowing members to grow their wealth. As a result, understanding how these markets operate is critical for anybody working in finance, whether they are students, practitioners, or legislators.
This book aims to provide a complete review of financial markets, giving readers both a basic grasp as well as knowledge into more sophisticated subjects. The voyage begins with an Introduction to Financial Markets, which describes their purpose, participants, and the economic factors that drive them. The following chapters dig into the many types of financial markets, examining the features and operations of capital, money, derivatives, and foreign exchange markets. These chapters are intended to provide a thorough understanding of how each market operates, its instruments, and the important participants involved.
Understanding the theoretical foundations of financial markets is equally vital as appreciating their operational features. In this context, the chapter Theories of Financial Markets delves into the numerous models and frameworks used by economists and market participants to assess market behavior, price, and efficiency. Following that, Market Microstructure delves deeper into the mechanics of trading, order flows, and liquidity, all of which are critical to understanding how prices are set and transactions are conducted.
As with any investment or market involvement, the balance between risk and return is critical. A separate chapter examines the trade-offs associated in various financial instruments, allowing readers to better understand how to minimize risk while optimizing returns. This understanding is critical for navigating not only individual investing decisions, but also larger dangers that can affect entire financial systems.
The globalization of financial markets has created new opportunities and challenges, as discussed in Global Financial Markets and Exchange Rates. As capital travels freely across borders, swings in exchange rates and international rules become more vital to understand. Global markets are also prone to crises, and the chapter on Market Crises and Regulatory Frameworks contains historical examples as well as discussion of how regulatory bodies try to keep these interconnected markets stable.
In the latter portions, we move our focus to the future. Emerging Trends in Financial Markets examines the impact of innovation, including new financial products, as well as the growing importance of data and technology. The last chapter, Financial Markets in the Age of Digital Transformation, discusses how technologies such as blockchain, artificial intelligence, and quantum computing are poised to alter financial markets, creating both new opportunities and unexpected challenges.
Whether you are a student hoping to learn the fundamentals or a seasoned professional looking to keep current in a quickly changing landscape, this book gives the skills and knowledge you need to navigate the complex world of financial markets. It seeks to provide a balanced approach by addressing both classic market fundamentals and cutting-edge developments that are reshaping finance today.
We believe that this book will be a great resource for readers, allowing them to not only comprehend financial markets but also successfully engage with and navigate them in both current and future situations.
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TITLE |
PAGE NO. |
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CHAPTER:01 |
INTRODUCTION TO FINANCIAL MARKETS |
1-14 |
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2 |
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3 |
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5 |
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6 |
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7 |
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11 |
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CHAPTER:02 |
TYPES OF FINANCIAL MARKETS: CAPITAL MARKETS |
15-32 |
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16 |
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16 |
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17 |
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20 |
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21 |
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CHAPTER:03 |
TYPES OF FINANCIAL MARKETS: MONEY MARKETS |
33-42 |
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34 |
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40 |
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CHAPTER:04 |
TYPES OF FINANCIAL MARKETS: DERIVATIVES MARKETS |
43-64 |
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44 |
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44 |
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46 |
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48 |
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53 |
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60 |
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CHAPTER:05 |
TYPES OF FINANCIAL MARKETS: FOREX MARKETS |
65-74 |
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66 |
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CHAPTER:06 |
THEORIES OF FINANCIAL MARKETS |
75-106 |
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76 |
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77 |
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81 |
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85 |
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90 |
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96 |
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101 |
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CHAPTER:07 |
MARKET MICROSTRUCTURE |
107-140 |
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108 |
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108 |
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118 |
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129 |
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CHAPTER:08 |
RISK AND RETURN IN FINANCIAL MARKETS |
141-165 |
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142 |
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142 |
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151 |
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156 |
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CHAPTER:09 |
GLOBAL FINANCIAL MARKETS AND EXCHANGE RATES |
166-190 |
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167 |
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169 |
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179 |
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185 |
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CHAPTER:10 |
MARKET CRISES AND REGULATORY FRAMEWORKS |
191-207 |
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192 |
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192 |
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202 |
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CHAPTER:11 |
EMERGING TRENDS IN FINANCIAL MARKETS |
208-214 |
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209 |
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211 |
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CHAPTER:12 |
FINANCIAL MARKETS IN THE AGE OF DIGITAL TRANSFORMATION |
215-234 |
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216 |
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216 |
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218 |
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220 |
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221 |
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224 |
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226 |
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228 |
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SELF-REVIEW QUESTIONS |
235 |
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SUGGESTED READINGS & REFERENCES |
Prof. P. Sanjay
Prof. P. Sanjay from IIM Sirmaur is a Finance Guru, being the most highly qualified IIM Professor in India with ten academic degrees including Phd from India, M.Phil from London Business School, UK (and London School of Economics and Political Science), MBA from University of Hawaii at Manoa, USA as an Asian Development Bank Scholar and JMP from USA and Japan. He is also a qualified Chartered Accountant, Company Secretary, Cost (Management) Accountant, LLB, M.Com and B.Com (Hons) from India. He is a Visiting Faculty at IIT Bombay and serves on the Board of Directors of a company. He has industry experience of over 20 years and has served as the Chief Financial Officer of a Fortune 50 MNC group company and as President of an Indian Company. His expertise is called upon by industry associations, regulators and government bodies on various financial and economic issues. His academic and professional excellence has been recognized with many awards and grants, including from Govt. of India, Govt. of Japan, Govt. of UK and Asian Development Bank.
Dr. Manish Sharma
Dr. Manish Sharma is a highly motivated Professional working in education industry. He is currently working as an Assistant Professor in the Maharaja Agrasen Institute of Management Studies, affiliated to GGSIPU. He has presented various Research Papers in National as well as International Conferences and Seminars in the areas of Commerce and Management. Author of multiple publications in reputed SCOPUS, WOS, ABDC Category B Journals. He is an Author of a Book “Marketing of Financial Products and Services” He was the trainer for Assistant Managers of Axis Bank in Axis Bank Young Managers Programme. He has conducted various FDPs, Capacity building and Skill development programmes. His areas of Teaching interest are Economics, Financial Modeling, Financial Planning, Investment analysis, and Financial Markets & Investments.
Dr. Savita
Dr. Savita is holding post-graduation to her credit namely; MBA. She is PhD. in finance area from IKG-Punjab Technical University, Jalandhar. She has qualified UGC NET (2011 & 12). She has experience of more than 14 years in academics. She has presented papers in various national & international conferences She has organized various National and International Conferences, Seminars, Workshops and Management Development Programs in finance. She has participated in various workshops and conferences. She is presently associated as an Assistant Professor (Finance & Accounting) with Amity College of Commerce, Amity University. She is Ph.D. Guide of Amity University students'. Her research interest includes Accounting, Corporate Finance, Financial Management, Security Analysis & Investment Management, Mergers & Acquisitions, Financial Technology, etc.
Dr. ASHISH B. JOSHI
Dr. Joshi has over 20 Years of work experience and the Academic, Consultancy, Corporate and Institutional Development. Dr. Joshi is engaged with International and National level institutions and universities. He has conducted and participated in Training Programs, Faculty Development Programs and MDP's on various topics related to Management for industry and society. He has travelled various places in India and abroad for research and institutional development activities. He has published more than 30 research papers, articles, case studies and reports at National and International level. He has presented more than 30 research papers in national and international conferences.
Prof. Jamakhandi Hayavadana
Prof. Jamakhandi Hayavadana graduated in B.Tech Textile Technology in 1985 from Bangalore University , M.Tech Textile Technology from PSG College of Technology ,Bharathiyar University, Coiembatore in 1994 and PhD from Anna University in 1998 in Textile Technology. He also pursued MBA from University of Madras . During his 38 years of academic and Industrial experience , he has published number of papers in National and International journals. Certificates in Yellow, Green and Black Six Sigma Belts are to his credits. He is awarded with two patents . His current research area is mechanisation of Handloom, advanced Testing, Design and Development of Textile Instruments, Application of Lean Six sigma for Textile Industry etc., He has designed nearly 8 Textile Testing instruments for his Textile Testing lab.He also serving as BOS chairperson for several faculties. He has published 5 books . He has guided and evaluated a number of Phd scholars. During his stay for 28 years at Osmania University, Hyderabad,he has developed the Textile Technology department by working as Professor & Head . Under his supervision nearly 26 UG batches and 6 PG batches have graduated .
