This book covers a broad range of contemporary financial markets in less than 400 pages. The author states upfront that he has taught courses on this subject for years, and it really shows. His explanations are crystal clear, and the markets are presented in a very logical order and from a global prespective. In addition, the text is filled with many examples and case studies that really aid in understanding. There are plenty of formulas in this book, but the level of mathematical sophisticiation never goes beyond algbra.



Downsides? A bit dated and -- for the American reader -- written in British English with many of the examples in sterling. Personally, I felt this gave the book a more global flavor (or flavour) which seemed fitting given the topic.



A last note, Amazon has the page count wrong. Even with glossary, this book is less than 450 pages.



Strongly recommended for anyone interested in global finance either with an eye towards trading financial instruments or just to better understanded the complicated underpinnings of the modern global financial system.



An excellent book.