This textbook will become a reference for your first step into the international financial market and will help you structure your knowledge before taking tests and exams. The format of the textbook is clear and easy to understand at the initial stage of learning. In the first chapter of the textbook, we will discuss the fundamentals of the international financial market. We will look into the main participants in the international financial market, the types of instruments, the principles and laws of its operation, and many other basic concepts. In the second chapter, we will examine the foreign exchange market, its principles and factors influencing the exchange rate. The third chapter will describe the main debt instrument — bonds.
The fourth chapter will introduce you to the stock market and teach you how to assess the stocks’ price. The fifth chapter will reveal the nature and purpose of derivative financial instruments. In the sixth chapter, you will learn about the basics of options. This textbook was prepared by Ruslan V. Ozarnov, PhD in Economics and Associate Professor of the Department of World Economy and World Finance at the Faculty of International Economic Relations at the Financial University under the Government of the Russian Federation.
This textbook is written in accordance with the curriculum for the course “International Financial Markets” in English. A distinctive feature of this textbook is its use of a special methodological approach to structuring the text in a “text-note” format, which allows for faster memorization of basic definitions and the essence. This textbook is intended for undergraduate and graduate students studying economics and finance in English.