Fabozzi, Frank J.; Mann, Steven V.; Choudhry, Moorad

The Global Money Markets

The money markets are the vital conduit through which government and corporate finances are raised and invested. Global capital flows essential to the continuing development of the world s economy hinge on the smooth functioning of the money markets. The Global Money Markets is the first concise, detailed account of this most essential element of the capital markets. The principal objective of this book is to give you a clear picture of how the money markets operate and how they function to provide the liquid, instant market that is required in today s electronic age. Comprehensive content takes you from introductory level issues to the most intricate details of advanced topics. This book covers all aspects of today s markets and the range of instruments used around the world. It includes vanilla products such as bills and commercial paper as well as securitized products such as asset backed commercial paper. Further developments, including short term asset backed securities, are also covered, as is the full range of money market derivatives. Rounding out the discussion of money market products, practices, and mechanics, The Global Money Markets also covers such topics as repo, banking ALM, and regulatory capital in extensive detail. The Global Money Markets is the ultimate guide to the world s money markets: essential reading for practitioners and students alike.