Rating: 
Summary: If you work with money you must buy this book
Review: Believe every positive review. This book is absolutely amazing. It captures in one place information that is usually trapped in people's heads or is very manual and ad-hoc. This is a lay-of-the-land book, but with alot of detail. Definitely get it - use it like a desk reference.
Rating:
Summary: If you work with money you must buy this book
Review: Believe every positive review. This book is absolutely amazing. It captures in one place information that is usually trapped in people's heads or is very manual and ad-hoc. This is a lay-of-the-land book, but with alot of detail. Definitely get it - use it like a desk reference.
Rating: 
Summary: Nothing is timeless
Review: I repeat my professional remarks on the book below, which are nothing to do with a personal attack on the author but simply my view of the book, which I am entitled to air. A person who would leave his email address on a forum such as this is someone who is not afraid of making his views known and stands by them, unlike the reveiwer below who hides behind anonymity and whose opinions are therefore not really worth bothering with. Gagan Singh, New York, NY
Rating:
Summary: What's with the recent negative attacks on this book?
Review: I was inspired to purchase this book after a well-known Risk Management website said that the 2002 edition was out. (They have fixed this little error on their website.) It's a great book for stories to tell your clients and I am sure it was a great source when it came out, but the most current edition is 13 years old! It is very hard for me to read this when I am constantly thinking that every description of some aspect of the money market may be outdated. I feel that booksellers and reviewers who fail to mention this when they praise this volume are doing a disservice, unless they know for a fact that the money markets have not changed.
Rating:
Summary: A Great Book - But Isn't It Outdated?
Review: I was inspired to purchase this book after a well-known Risk Management website said that the 2002 edition was out. (They have fixed this little error on their website.) It's a great book for stories to tell your clients and I am sure it was a great source when it came out, but the most current edition is 13 years old! It is very hard for me to read this when I am constantly thinking that every description of some aspect of the money market may be outdated. I feel that booksellers and reviewers who fail to mention this when they praise this volume are doing a disservice, unless they know for a fact that the money markets have not changed.
Rating:
Summary: The World Needs More Books Like This
Review: If you want to know the ins and outs of the short term credit market in the US, buy this book. Nothing else I have seen on this or similiar topics even comes close. The securities industry could really use books of like depth covering the workings of the stock and futures markets.Primarily organized by product, this book is very long because it systematically covers off virtually every dimension of the money market (the fed, eurodollars, repo, MTN's, BA's, etc.), delving into the history of each instrument, why it is used, who trades it, how it is priced, and so on. Despite being relentlessly detailed and obviously exhaustively researched, this book is easy to read. I am not a money market/investments freak or anything but I to this day will pick it up and read (or reread) a chapter on the way home just out of interest. On the other hand, you probably do have to have some innate interest in financial instruments to appreciate this book. Certainly, if you are new to the field, or looking for tips on how to make trading profits in this market, this book is probably not for you. But if you are interested in the trading and settlement operations of the money market, it sure is. Someday I think it would be fun to write a book of my own and I could honestly aspire to no higher goal than the quality of this book.
Rating:
Summary: The World Needs More Books Like This
Review: If you want to know the ins and outs of the short term credit market in the US, buy this book. Nothing else I have seen on this or similiar topics even comes close. The securities industry could really use books of like depth covering the workings of the stock and futures markets. Primarily organized by product, this book is very long because it systematically covers off virtually every dimension of the money market (the fed, eurodollars, repo, MTN's, BA's, etc.), delving into the history of each instrument, why it is used, who trades it, how it is priced, and so on. Despite being relentlessly detailed and obviously exhaustively researched, this book is easy to read. I am not a money market/investments freak or anything but I to this day will pick it up and read (or reread) a chapter on the way home just out of interest. On the other hand, you probably do have to have some innate interest in financial instruments to appreciate this book. Certainly, if you are new to the field, or looking for tips on how to make trading profits in this market, this book is probably not for you. But if you are interested in the trading and settlement operations of the money market, it sure is. Someday I think it would be fun to write a book of my own and I could honestly aspire to no higher goal than the quality of this book.
Rating:
Summary: Fine Work on the Money Markets
Review: It appears by deduction that Mr. Choudrhy (alias Gagan Singh) is responsible for all of the one-star reviews below. It seems he feels that any commercially successful book with titles similar to his releases are over-rated, for beginners, or offer nothing new and deserve multiple negative reviews. Fair and balanced is not in the mindset. Ms. Stigum's excellent work on the dynamics of the U.S. money markets that can be used for analogies to the global money markets is appreciated by financial experts the world over. Believe the positive reviews and don't miss an opportunity to read a find work on the financial markets.
Rating:
Summary: What's with the recent negative attacks on this book?
Review: The recent negative attacks on The Money Market are curious in light of the fact that Dr. Stigum passed away in August, 2003. I think that certain people are trying to promote a book and know that Dr. Stigum can no longer defend her work. How tacky. The Money Market is still the most authoritative book on the subject and is written in plain English that any layperson can understand.
Rating:
Summary: Timeless Principles
Review: The reviewer below seems a bit churlish attacking Marcia Stigum's excellent work after her death, but it is a transparent and futile effort. Marcia Stigum's book outlines timeless principles in the repo and money markets that travel well across borders. If one understands the equations so beautifully explained by the late Ms. Stigum, one can go anywhere in the world and competently perform. It seems the review below comes from a pseudonym e-mail address - perhaps from one of the authors mentioned - who would list his own e-mail address on a public internet forum? It's odd that for one of the authors below, there is a comparison with Marcia Stigum's book and his book on one of his titles on Amazon.
| 
