Economia del mercato mobiliare

[Autom. eng. transl.] The movable market is the "place" - now more and more virtual - in which the issuing and negotiation of specific financial instruments are carried out in order to allow the satisfaction of a wide range of needs expressed by economic operators: from the need for investment of financial savings, to the specular need to find monetary resources instrumental to the realization of certain investment projects, to the need for management and transfer of risks. The development that has recently interested the securities markets has given the possibility to an ever wider range of companies to look at the securities markets for the realization of their capital raising policies, allowing, in addition to growth, to obtain benefits in terms of international reputation and visibility that are extremely important for competing in the complex and unstable contemporary macroeconomic scenario. From the point of view of savers, the growing variety of financial instruments, including structured securities and derivative instruments, and the presence of intermediaries and specialized institutional investors, today make it possible to count on a real "asset management industry", able to offer a response to a practically unlimited variety of preferences expressed by investors in terms of expected risk and return. In this context, the objective of this volume is to provide an organic and punctual representation of the functioning of the securities markets, in its structural and organizational aspects, as well as a classification of the different types of financial instruments and intermediaries present in them, so as to fully understand their functions and the opportunities offered to the operators of the economic system.