About the Book: Capital Market and Innovative Financial Instruments
Capital market is a market for long-term debt and equity shares. In this market,
the capital funds comprising of both equity and debt are issued and traded. This
also includes private placement sources of debt and equity as well as organized
markets like stock exchanges. Capital market can be further divided into primary
and secondary markets. In recent years, complex financial products, such as
derivatives, have proliferated in developed countries. These products have
become highly popular with banks and financial institutions as they allow them
to hedge their risks and manage their regulatory and economic capital more
efficiently. This