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Lecture International finance: An analytical approach (3/e): Chapter 5 - Imad A. Moosa
Chapter 5 - The international monetary system and exchange rate arrangements. In this chapter, the learning objectives are: To classify international monetary systems, to outline the history of exchange rate arrangements, to outline the pros and cons of fixed and flexible exchange rates, to examine the Australian exchange rate arrangements.
6/18/2020 6:11:39 AM +00:00
Lecture International finance: An analytical approach (3/e): Chapter 4 - Imad A. Moosa
Chapter 4 - Exchange rate determination. The objectives of this chapter are: to present some stylised facts about the observed behaviour of exchange rates, to identify the factors that lead to changes in the supply of and demand for foreign exchange and, consequently, the exchange rate,...
6/18/2020 6:11:33 AM +00:00
Lecture International finance: An analytical approach (3/e): Chapter 3 - Imad A. Moosa
Chapter 3 - The balance of payments and the effective exchange rate. The objectives of this chapter are: The objectives of this chapter are: To define the balance of payments, to examine the australian balance of payments statistics, to illustrate the relation between the balance of payments and the foreign exchange market,...
6/18/2020 6:11:27 AM +00:00
Lecture International finance: An analytical approach (3/e): Chapter 2 - Imad A. Moosa
Chapter 2 - The foreign exchange market. After reading the material in this chapter, you should be able: To describe the basic features of the foreign exchange market, to identify market participants and traded currencies, to describe the australian foreign exchange market, to describe the mechanics and technology of foreign exchange trading, to introduce some exchange rate concepts, to illustrate foreign exchange position keeping, to introduce some foreign exchange jargon.
6/18/2020 6:11:21 AM +00:00
Lecture International finance: An analytical approach (3/e): Chapter 1 - Imad A. Moosa
Chapter 1 - An overview. After reading the material in this chapter, you should be able: To identify factors that have led to the prominence of international finance, to explain the role of the financial manager, to verify the internationalisation of finance, to identify the developments leading to the formation of the present financial environment, to examine the causes and consequences of the global financial crisis.
6/18/2020 6:11:15 AM +00:00
Lecture Investments (6/e) - Chapter 27: Futures markets
Chapter 27 The theory of active portfolio management presents the following content: Lure of active management, market timing, with imperfect ability to forecast, superior selection ability, treynor-black model.
6/18/2020 6:09:38 AM +00:00
Lecture Investments (6/e) - Chapter 26: Futures markets
This chapter presents the following content: Determinants of portfolio policies, matrix of objectives, constraints on investment policies, managing portfolios of individual investors, tax sheltering for individual investors, future trends in portfolio management,...
6/18/2020 6:09:32 AM +00:00
Lecture Investments (6/e) - Chapter 25: Futures markets
In this chapter, we look beyond domestic markets to survey issues of international and extended diversification. In one sense, international investing may be viewed as no more than a straightforward generalization of our earlier treatment of portfolio selection with a larger menu of assets from which to construct a portfolio.
6/18/2020 6:09:26 AM +00:00
Lecture Investments (6/e) - Chapter 24: Futures markets
How can we evaluate the performance of a portfolio manager? It turns out that even average portfolio return is not as straightforward to measure as it might seem. In addition, adjusting average returns for risk presents a host of other problems. In this chapter, we begin with the measurement of portfolio returns. From there we move on to conventional approaches to risk adjustment. We identify the problems with these approaches when applied in various situations.
6/18/2020 6:09:20 AM +00:00
Lecture Investments (6/e) - Chapter 23: Futures markets
The previous chapter provided a basic introduction to the operation of futures markets and the principles of futures pricing. This chapter explores both pricing and risk management in selected futures markets in more depth. Most of the growth has been in financial futures, which now dominate trading, so we emphasize these contracts.
6/18/2020 6:09:14 AM +00:00
Lecture Investments (6/e) - Chapter 22: Futures markets
This chapter describes the workings of futures markets and the mechanics of trading in these markets. We show how futures contracts are useful investment vehicles for both hedgers and speculators and how the futures price relates to the spot price of an asset. We also show how futures can be used in several risk-management applications. This chapter deals with general principles of future markets. Chapter 23 describes specific futures markets in greater detail.
6/18/2020 6:09:09 AM +00:00
Lecture Investments (6/e) - Chapter 21: Option valuation
In this chapter, we turn our attention to option valuation issues. To understand most option valuation models requires considerable mathematical and statistical background. Still, many of the ideas and insights of these models can be demonstrated in simple examples, and we will concentrate on these.
6/18/2020 6:09:02 AM +00:00
Lecture Investments (6/e) - Chapter 20: Options markets: Introduction
This chapter is an introduction to options markets. It explains how puts and calls work and examines their investment characteristics. Popular option strategies are considered next. Finally, we examine a range of securities with embedded options such as callable or convertible bonds, and we take a quick look at some so-called exotic options.
6/18/2020 6:08:57 AM +00:00
Lecture Investments (6/e) - Chapter 19: Financial statement analysis
In this chapter, we show how investors can use financial data as inputs into stock valuation analysis. We start by reviewing the basic sources of such data-the income statement, the balance sheet, and the statement of cash flows. We next discuss the difference between economic and accounting earnings.
6/18/2020 6:08:50 AM +00:00
Lecture Investments (6/e) - Chapter 18: Equity valuation models
This chapter describes the valuation models that stock market analysts use to uncover mispriced securities. The models presented are those used by fundamental analysts, those analysts who use information concerning the current and prospective profitability of a company to assess its fair market value.
6/18/2020 6:08:44 AM +00:00
Lecture Investments (6/e) - Chapter 16: Managing bond portfolios
In this chapter we turn to various strategies that bond portfolio managers can pursue, making a distinction between passive and active strategies. A passive investment strategy takes market prices of securities as fairly set. Rather than attempting to beat the market by exploiting superior information or insight, passive managers act to maintain an appropriate risk–return balance given market opportunities.
6/18/2020 6:08:38 AM +00:00
Lecture Investments (6/e) - Chapter 15: The term structure of interest rates
In this chapter we explore the pattern of interest rates for different-term assets. We attempt to identify the factors that account for that pattern and determine what information may be derived from an analysis of the so-called term structure of interest rates, the structure of interest rates for discounting cash flows of different maturities.
6/18/2020 6:08:32 AM +00:00
Lecture Investments (6/e) - Chapter 14: Bond prices and yields
In the previous chapters on risk and return relationships, we have treated securities at a high level of abstraction. We assumed implicitly that a prior, detailed analysis of each security already had been performed, and that its risk and return features had been assessed. in this chapter, we turn now to specific analyses of particular security markets. We examine valuation principles, determinants of risk and return, and portfolio strategies commonly used within and across the various markets.
6/18/2020 6:08:26 AM +00:00
Lecture Investments (6/e) - Chapter 13: Empirical evidence on security returns
Lecture Investments (6/e) - Chapter 13: Empirical evidence on security returns. This chapter includes contents: Investments & financial assets, role of financial assets and markets, crisis in corporate governance, financial system clients and their needs, meeting the needs of participants,.
6/18/2020 6:08:20 AM +00:00
Lecture Investments (6/e) - Chapter 12: Market efficiency and behavioral finance
In this chapter we explore the reasoning behind what may seem a surprising conclusion. We show how competition among analysts leads naturally to market efficiency, and we examine the implications of the efficient market hypothesis for investment policy. We also consider empirical evidence that supports and contradicts the notion of market efficiency.
6/18/2020 6:08:14 AM +00:00
Lecture Investments (6/e) - Chapter 11: Arbitrage pricing theory and multifactor models of risk and return
Chapter 11, Arbitrage pricing theory and multifactor models of risk and return. In this chapter, we show how such no-arbitrage conditions together with the factor model introduced in Chapter 10 allow us to generalize the security market line of the CAPM to gain richer insight into the risk-return relationship.
6/18/2020 6:08:08 AM +00:00
Lecture Investments (6/e) - Chapter 10: Index models
This chapter a simplifying assumption that at once eases our computational burden and offers significant new insights into the nature of systematic risk versus firm-specific risk. This abstraction is the notion of an “index model,” specifying the process by which security returns are generated.
6/18/2020 6:08:01 AM +00:00
Lecture Investments (6/e) - Chapter 9: The capital asset pricing model
The capital asset pricing model, almost always referred to as the CAPM, is a centerpiece of modern financial economics. The model gives us a precise prediction of the relationship that we should observe between the risk of an asset and its expected return. Chapter 9 provides knowledge of the capital asset pricing model.
6/18/2020 6:07:55 AM +00:00
Lecture Investments (6/e) - Chapter 8: Optimal risky portfolios
In chapter 8 we discussed optimal risky portfolios. That decision governs how an investor chooses between risk-free assets and “the” optimal portfolio of risky assets. This chapter explains how to construct that optimal risky portfolio. We begin with a discussion of how diversification can reduce the variability of portfolio returns. After establishing this basic point, we examine efficient diversification strategies at the asset allocation and security selection levels.
6/18/2020 6:07:49 AM +00:00
Lecture Investments (6/e) - Chapter 7: Capital allocation between the risky and the risk-free asset
Lecture Investments (6/e) - Chapter 7 Capital allocation between the risky and the risk-free asset presents the following content: allocating capital - risky & risk free assets, expected returns for combinations, possible combinations, variance for possible combined portfolios, combinations without leverage,...
6/18/2020 6:07:43 AM +00:00
Lecture Investments (6/e) - Chapter 6: Risk and risk aversion
Lecture Investments (6/e) - Chapter 6 Risk and risk aversion presents the following content: Risk - uncertain outcomes, risky investments with risk-free, risk aversion & utility, dominance principle, utility and indifference curves,...
6/18/2020 6:07:37 AM +00:00
Lecture Investments (6/e) - Chapter 5: History of interest rates and risk premiums
Chapter 5 History of interest rates and risk premiums presents the following content: Factors influencing rates, level of interest rates, real vs. nominal rates, rates of return: single period, characteristics of probability distributions, mean scenario or subjective returns, variance or dispersion of returns,...
6/18/2020 6:07:31 AM +00:00
Lecture Investments (6/e) - Chapter 4: Mutual funds and other investment companies
Chapter 4 Mutual funds and other investment companies presents the following content: services of investment companies, net asset value, types of investment organizations, investment policies, costs of investing in mutual funds, exchange traded funds, a first look at fund performance,...
6/18/2020 6:07:25 AM +00:00
Lecture Investments (6/e) - Chapter 3: How securities are traded
Chapter 3 How securities are traded presents the following content: Primary vs. secondary security sales, public offerings, private placements, organization of secondary markets, organized exchanges, OTC market, third market, international market structures,...
6/18/2020 6:07:19 AM +00:00
Lecture Investments (6/e) - Chapter 2: Financial instruments
Letuter Investments (6/e) - Chapter 2: Financial instruments presents the following content: Major types of securities, markets and instruments, money market instruments, bond markets, municipal bond yields, capital market - equity, stock market indexes,...
6/18/2020 6:07:13 AM +00:00