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Автор: Brian Kettell
Издательство: Butterworth-Heinemann
Год издания: 2002
isbn: 0 7506 5384 1
Количество страниц: 376
Язык: english
Формат: PDF
Размер: 2 Мб
Каталожный номер: 18225
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Preface
This book is about what aspects of economics it is necessary to know about to understand why financial markets are so volatile. It is designed to demonstrate that behind all the jargon associated with the financial markets there are some basic economic ideas operating. What these basic ideas are is not evident from either existing textbooks nor from reading the financial press. The text is not designed as a standard economics textbook as the market place is full of excellent textbooks for anyone seeking to understand basic economic ideas.
Prior to the publication of this text readers seeking to
understand how the economics world and the real financial
market place interact have had a problem. The financial
markets are unundated with information. From all this information how can one make sense of this to see the big financial market picture? Certainly not by reading standard economics textbooks.
The text is designed for a broad readership including students, both undergraduate or postgraduate majoring in economics of finance, practitioners in the markets seeking a fresh insight into what is going on around them every day, and for newcomers to the financial markets who need a clear perspective on all the daily ups and downs in the markets. To repeat, these objectives are not achieved by reading the existing literature.
The text takes the US economy as its frame of reference. This is based on the fact that the sheer size of the US economy in the world financial markets is so large that it dwarfs most other financial market places. Also the domination of the US dollar as the world’s global currency means that what moves the dollar basically moves all the other financial markets, and clearly whatever can move the value of the dollar has to be understood.
However the text is just as relevant to readers operating in other financial markets, as once they understand the economic implications of changes in the US financial market place they can easily see the implications for their own domestic economy.
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