India's Financial Markets: An Insider's Guide to How the Markets Work (Elsevier and IIT Stuart Center for Financial Markets Press) - Hardcover

Ajay Shah; Susan Thomas; Michael Gorham

Hardcover

ISBN 10: 012374251X ISBN 13: 9780123742513

Publisher: Elsevier Science, 2008

Synopsis

The whole world wants to invest in India. But how to do this successfully? Written by two Indian financial experts with a seasoned expert of the Chicago Mercantile Exchange, this book tells you the why and how of investing in India. It explains how India's financial markets work, discusses the amazing growth of the Indian economy, identifies growth drivers, uncovers areas of uncertainty and risk. It describes how each market works: private equity and IPOs, bonds, stocks, derivatives, commodities, real estate, currency. The authors include a discussion of capital controls in each section to address the needs of foreign investors. Learn about the the markets, the instruments, the participants, and the institutions governing trading, clearing, and settlement of transactions, as well as the legal and regulatory framework governing financial securities transactions.

• Written by two life-long insiders who can explain India's financial markets to outsiders
• Clear and comprehensive coverage of this economic powerhouse
• Caters to the needs of foreign investors

About this title

About the Authors

Ajay Shah studied at IIT, Bombay and USC, Los Angeles. He has held positions at the Centre for Monitoring Indian Economy (Bombay), Indira Gandhi Institute for Development Research (Bombay) and the Ministry of Finance. He is currently a Senior Fellow at the National Institute of Public Finance and Policy (NIPFP) in India. His research interests include policy issues on Indian economic growth, open economy macroeconomics, public finance, financial economics and pensions. In the past decade, he was extensively involved in the policy process in the reforms of the equity market and the New Pension System. His work can be accessed on the web at http://www.mayin.org/ajayshah

Susan Thomas is faculty at the Indira Gandhi Institute for Development Research in Bombay. Her research has been in financial econometrics, specifically on models of the volatility of financial prices, and aspects of market microstructure in Indian financial markets. She has also worked on models for the Indian zero coupon yield curve, govt. bond index construction and probability of default for Indian firms. Her work can be accessed on the web at http://www.igidr.ac.in/~susant.

Michael Gorham is Industry Professor and Director of the IIT Stuart Center for Financial Markets at the Stuart School of Business in the Illinois Institute of Technology. He serves on the board of directors for two exchanges ― the CBOE Futures Exchange and the National Commodity and Derivatives Exchange of India. He also serves on the Business Conduct Committees of the Chicago Mercantile Exchange and the National Futures Association and the editorial boards of the GARP Risk Review and of Futures Industry magazine.

From the Back Cover

“What I love most about this book is the insight the authors provide regarding how these markets really work. India’s Financial Markets is truly an insider's guide. There is no other work as current, complete and insightful. I really enjoyed this book.”― Ravi Narain, Managing Director, National Stock Exchange, India“This detailed and insightful examination of the numerous facets of the financial services industry in one of the world’s most promising emerging markets is a must-read for anyone with a serious interest in Indian finance. Drawing on their long years of experience, the authors also make a number of recommendations for improvements in the regulation and structure of Indian financial markets which both government and private sector participants would do well to consider.” ― John P. Davidson, Managing Director, Risk Governance Group, Citigroup, United States“Knowledge and understanding of the Indian financial markets is vital to any financial services firm with global aspirations. Shah, Thomas and Gorham have provided an overview of these markets that is sure to become a standard reference for practitioners. Written with a clarity and pace that is to be applauded, India’s Financial Markets tells you the how and why of investing in India and provides essential information on the markets, institutions, and instruments that are integral to Indian financial services…. It will be an invaluable guide for practitioners and students alike." ― Richard G. DuFour, Executive Vice President, Chicago Board Options Exchange, United StatesWith a stock market capitalization of $1.28 trillion, India is now on the radar of all financial firms internationally. But how does one successfully invest in India? India's Financial Markets teaches you about all the markets, the instruments, the participants, and the institutions governing trading, clearing, and settlement of transactions, as well as the legal and regulatory framework governing financial securities transactions including those by foreigners.Ajay Shah is Senior Fellow at the National Institute of Public Finance and Policy, Bombay, India.Susan Thomas is Assistant Professor, Indira Gandhi Institute of Development Research, Bombay, India.Michael Gorham is Director at IIT Stuart Center for Financial Markets, Illinois Institute of Technology, Chicago, and is an 18-year veteran of the Chicago Mercantile Exchange.

Edition details

• Publisher: Elsevier Science
• Publication date: 2008
• Language: English
• ISBN 10: 012374251X
• ISBN 13: 9780123742513
• Binding: Hardcover
• Number of pages: 224