Capital Market Instruments

"The authors have applied their practical knowledge to produce a text that is concise yet thorough. It will be extremely valuable both as a beginners guide and as a work of reference for those more experienced in the world of capital markets."

"Moorad Choudhry and his co-authors have made a noteworthy contribution to the literature on financial economics with this book, and I hope that this exciting and interesting new work spurs readers on to their own research and investigation."

"Moorad Choudhry and his co-authors have produced a book that provides excellent and comprehensive coverage of a wide range of traditional and modern derivative securities. Given its content and user-friendly style, it is sure to become required reading for many courses in finance."

'The complexity of the markets made simple is a goal this book achieves with enthusiasm an excellent guide suitable for practitioners at all levels.'

"This is a well-crafted book and a timely addition to the capital markets literature. It deserves a wide readership."

Capital Market Instruments is a concise yet detailed guide to the mathematics of the debt and equity capital markets, and one that will prove essential reading for current and potential market practitioners. It emphasizes the practical applications of analytical and valuation techniques that are fundamental to an understanding of both the bond and equity markets. A wide range of topics is covered, from yield curve modelling and index-linked bonds to corporate ratio analysis.

Capital Market Instruments provides clear understanding of key financial concepts, mathematical techniques and market analysis, illustrated with worked examples and case studies of real-world events at a number of investment banks.

The book also includes the RATETM specialist computer application designed to introduce readers to yield curve modelling, vanilla interest rate swaps and caps. The programme makes available the C++ source code.