[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-115802-en":3,"doc-seo-115802-105":31,"detail-sidebar-cat-0-en-105":93},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":28,"seo_description":14,"update_tm":29,"read_time":30},115802,3985741905716,"Rowan","https://ap-avatar.wpscdn.com/davatar_994ba38a5ba835b3df7d355c54d3ed8d",8,"Research & Report","Guide to Financial Markets - Seventh edition","A practical overview of how global financial markets function, explaining why markets exist and how the major segments work. The guide structures coverage across foreign-exchange, money, bond, securitisation, international fixed-income, equity, futures and options, and derivatives markets. It connects market instruments to their economic roles and provides context through tables and figures that support key concepts, terminology, and market behavior.","[OceanofPDF.com](OceanofPDF.com)  \nGUIDE TO FINANCIAL MARKETS  \nMarc Levinson is a former finance and economics editor of The Economist. He was previously a senior writer at Newsweek and more recently spent 10 years as an economist with JPMorgan Chase. He has published widely on economic subjects in such journals as Harvard Business Review and Foreign Affairs, and is currently senior fellow in international business atthe Council on Foreign Relations in New York.  \n[OceanofPDF.com](OceanofPDF.com)  \nGUIDE TO FINANCIAL MARKETS  \nWhy they exist and how they work  \nSeventh edition  \nMarc Levinson  \n[OceanofPDF.com](OceanofPDF.com)  \nPublished under exclusive licence from The Economist by Profile Books Ltd 3 Holford Yard  \nBevin Way  \nLondon WC1X 9HD  \n[www.profilebooks.com](www.profilebooks.com)  \nCopyright © The Economist Newspaper Ltd, 1999, 2000, 2002, 2006, 2010, 2014, 2018 Text copyright © Marc Levinson, 2018  \nAll rights reserved. Without limiting the rights under copyright reserved above, no part of this publication may be reproduced, stored in or introduced into a retrieval system, or transmitted, in any form or by any means (electronic, mechanical, photocopying, recording or otherwise), without the prior written permission of both the copyright owner and the publisher of this book.  \nThe greatest care has been taken in compiling this book. However, no responsibility can be accepted by the publishers or compilers for the accuracy of the information presented.  \nWhere opinion is expressed it is that of the author and does not necessarily coincide with the editorial views of The Economist Newspaper.  \nWhile every effort has been made to contact copyright-holders of material produced or cited in this book, in the case of those it has not been possible to contact successfully, the author and publishers will be glad to make amendments in further editions.  \nA CIP catalogue record for this book is available from the British Library eISBN 978 1 78283 438 0  \n[OceanofPDF.com](OceanofPDF.com)  \nContents  \nList of tables  \nList of figures  \n1 Why markets matter  \n2 Foreign-exchange markets  \n3 Money markets  \n4 Bond markets  \n5 Securitisation  \n6 International fixed-income markets  \n7 Equity markets  \n8 Futures and options markets  \n9 Derivatives markets  \nIndex  \n[OceanofPDF.com](OceanofPDF.com)  \nTables  \n1.1 The world’s financial markets  \n1.2 Financial assets of institutional investors, 2016  \n2.1 Global foreign-exchange market turnover  \n2.2 Largest exchanges for currency futures contracts  \n2.3 Global foreign-exchange trading, by currency  \n2.4 Development of the London market  \n2.5 Typical newspaper currency prices  \n2.6 Currency cross-rates  \n3.1 Corporate commercial paper outstanding in the United States  \n3.2 Short-term credit ratings  \n4.1 Outstanding amounts of domestic debt securities  \n4.2 Long-term bond issuance  \n4.3 What bond ratings mean  \n4.4 Returns on government bonds, 2017  \n5.1 Issuance of non-mortgage asset-backed securities  \n5.2 Global issuance of structured-finance CDOs  \n5.3 US agency mortgage-backed securities  \n5.4 Residential mortgage securities issued in Europe  \n5.5 Asset-backed securities outstanding in the United States, excluding mortgages  \n5.6 Asset-backed securities outstanding in Europe, excluding mortgages  \n6.1 Amounts of outstanding international bonds and notes, by currency  \n6.2 Net issuance of international money-market instruments  \n6.3 International debt securities outstanding, by nationality of issuer  \n6.4 Emerging-market issuers of debt securities, amount outstanding  \n6.5 Notional value of interest-rate swaps and forwards  \n6.6 International bond prices  \n7.1 Equity market capitalisation  \n7.2 The value of share turnover  \n7.3 Initial public offerings in the US  \n7.4 Dividend yields  \n7.5 Cyclically adjusted price/earnings ratios  \n7.6 Share prices  \n7.7 Share listings on major markets  \n7.8 Stockmarkets’ economic importance  \n7.9 Stock exchange demutualisations  \n7.10 Performance","cbCaibDcpjahOK4b","https://ap.wps.com/l/cbCaibDcpjahOK4b","pdf",12626744,5,1,311,"English","en",105,"# Contents\n## List of tables\n## List of figures\n# Chapters\n## Why markets matter\n## Foreign-exchange markets\n## Money markets\n## Bond markets\n## Securitisation\n## International fixed-income markets\n## Equity markets\n## Futures and options markets\n## Derivatives markets\n# Index","[{\"question\":\"What is the purpose of financial markets according to the guide?\",\"answer\":\"The guide explains why markets exist and how they work, focusing on their economic roles and the logic behind major market segments.\"},{\"question\":\"Which major market types are covered in the book?\",\"answer\":\"Coverage includes foreign-exchange markets, money markets, bond markets, securitisation, international fixed-income markets, equity markets, futures and options markets, and derivatives markets.\"},{\"question\":\"How does the book support understanding of market concepts?\",\"answer\":\"It uses a detailed contents structure plus lists of tables and figures, including data-oriented tables and illustrative figures tied to each topic.\"}]","Guide to Financial Markets - Seventh edition | PDF",1785476977,784,{"code":4,"msg":32,"data":33},"ok",{"site_id":25,"language":24,"slug":34,"title":13,"keywords":35,"description":14,"schema_data":36,"social_meta":88,"head_meta":90,"extra_data":92,"updated_unix":29},"guide-to-financial-markets-seventh-edition","",{"@graph":37,"@context":87},[38,55,70],{"@type":39,"itemListElement":40},"BreadcrumbList",[41,45,49,52],{"item":42,"name":43,"@type":44,"position":21},"https://docshare.wps.com","Home","ListItem",{"item":46,"name":47,"@type":44,"position":48},"https://docshare.wps.com/document/","Document",2,{"item":50,"name":12,"@type":44,"position":51},"https://docshare.wps.com/document/research-report/",3,{"item":53,"name":13,"@type":44,"position":54},"https://docshare.wps.com/document/guide-to-financial-markets-seventh-edition/115802/",4,{"url":53,"name":13,"@type":56,"author":57,"headline":13,"publisher":59,"fileFormat":62,"inLanguage":24,"description":14,"dateModified":63,"datePublished":64,"encodingFormat":62,"isAccessibleForFree":65,"interactionStatistic":66},"DigitalDocument",{"name":9,"@type":58},"Person",{"url":42,"name":60,"@type":61},"DocShare","Organization","application/pdf","2026-08-23","2026-07-31",true,{"@type":67,"interactionType":68,"userInteractionCount":20},"InteractionCounter",{"@type":69},"ViewAction",{"@type":71,"mainEntity":72},"FAQPage",[73,79,83],{"name":74,"@type":75,"acceptedAnswer":76},"What is the purpose of financial markets according to the guide?","Question",{"text":77,"@type":78},"The guide explains why markets exist and how they work, focusing on their economic roles and the logic behind major market segments.","Answer",{"name":80,"@type":75,"acceptedAnswer":81},"Which major market types are covered in the book?",{"text":82,"@type":78},"Coverage includes foreign-exchange markets, money markets, bond markets, securitisation, international fixed-income markets, equity markets, futures and options markets, and derivatives markets.",{"name":84,"@type":75,"acceptedAnswer":85},"How does the book support understanding of market concepts?",{"text":86,"@type":78},"It uses a detailed contents structure plus lists of tables and figures, including data-oriented tables and illustrative figures tied to each topic.","https://schema.org",{"og:url":53,"og:type":89,"og:title":13,"og:site_name":60,"og:description":14},"article",{"robots":91,"canonical":53},"index,follow",{"doc_id":7,"site_id":25},{"code":4,"msg":5,"data":94},[95,99,103,107,111,116,121,124,129,132,136],{"id":21,"doc_module":4,"doc_module_name":47,"category_name":96,"show_sort_weight":97,"slug":98},"Story & Novel",90,"story-novel",{"id":48,"doc_module":4,"doc_module_name":47,"category_name":100,"show_sort_weight":101,"slug":102},"Literature",80,"literature",{"id":54,"doc_module":4,"doc_module_name":47,"category_name":104,"show_sort_weight":105,"slug":106},"Exam",70,"exam",{"id":20,"doc_module":4,"doc_module_name":47,"category_name":108,"show_sort_weight":109,"slug":110},"Comic",60,"comic",{"id":112,"doc_module":4,"doc_module_name":47,"category_name":113,"show_sort_weight":114,"slug":115},6,"Technology",50,"technology",{"id":117,"doc_module":4,"doc_module_name":47,"category_name":118,"show_sort_weight":119,"slug":120},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":47,"category_name":12,"show_sort_weight":122,"slug":123},30,"research-report",{"id":125,"doc_module":4,"doc_module_name":47,"category_name":126,"show_sort_weight":127,"slug":128},9,"Religion & Spirituality",20,"religion-spirituality",{"id":127,"doc_module":4,"doc_module_name":47,"category_name":130,"show_sort_weight":127,"slug":131},"World Cup","world-cup",{"id":133,"doc_module":4,"doc_module_name":47,"category_name":134,"show_sort_weight":133,"slug":135},10,"Lifestyle","lifestyle",{"id":137,"doc_module":4,"doc_module_name":47,"category_name":138,"show_sort_weight":20,"slug":139},19,"General","general"]