India's Financial Markets: An Insider's Guide to How the Markets Work (Elsevier and IIT Stuart Center for Financial Markets Press) | 
| Authors: Ajay Shah, Susan Thomas, Michael Gorham
Publisher: Academic Press
Category: Book
List Price: $74.95
Buy New: $40.33
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Avg. Customer Rating:  1 reviews
Sales Rank: 868289
Media: Hardcover
Number Of Items: 1
Pages: 224
Shipping Weight (lbs): 1.3
Dimensions (in): 8.9 x 6.3 x 1.1
ISBN: 012374251X
Dewey Decimal Number: 332.10954
EAN: 9780123742513
Publication Date: July 11, 2008
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Product Description
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
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| Customer Reviews:
How this book was born. October 16, 2008
I think this is an excellent book, a five star book to be precise, but it is not really appropriate for me to be giving a rating to the book, because I'm one of the authors. if I could make the comment I wanted to without giving a rating, I would have, but to get a comment posted you have to give the book some stars and I'm certainly not going to give it anything less than five. Enough on that.
I'm the editor of a series on books on financial markets. It's a joint project between the international publishing company Elsevier and a little Center I run called the IIT Stuart Center for Financial Markets. I wanted the first book in our series to be on Indian financial markets and I knew the best two people to write it - Ajay Shah and Susan Thomas. I first met Susan when she came to Chicago on behalf of the National Stock Exchange of India to study how the Chicago Mercantile Exchange. I first met Ajay a year or two later during my first visit to India, which because of an air controllers strike was truncated to approximately 24 hours. I found them both to be tireless researchers, thoughtful questioners, and enthusiastic implementors.
At the time, both were professors at the Indira Gandhi Institute for Development Research. They both could have made a lot more money had they stayed in the US after getting their PhDs in Economics at USC, but they really wanted to contribute to the creation of a world class financial system in India. And contribute they did. They were the perfect professor - using economic and financial theory combined with empirical research to solve real world problems. They were instrumental in the development of the National Stock Exchange, which brought to India a transparent trading system that allowed investors for the first time to see the actual bids and offers availavible for each company. They developed the stock index, the S&P CNX Nifty, which is used for the overwhelming majority of all stock index derivative trading in India. They have served on numerous government committees. Susan was instrumental in convincing the government to consider the use of options to manage the risk of a shortfall in the wheat crop this past year. I could go on, but thepoint is I knew that they were perfect to write this book because they had been so involved in the markets and institutions that needed to be covered in the book. They wouldn't agree to do the book unless I did it with them, but I will tell you that this book is 90% pure Ajay Shah and Susan Thomas.
You would not be reading this note if you were not interested in India's financial system, so aside from sharing this story with you, I wanted to let you know that Ajay has one of the best financial blogs in India, which can be found at http://ajayshahblog.blogspot.com/. I hope you buy and love our book, but whether you do or not, you should sheck out Ajay's blog to keep up on developments.
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