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International Encyclopedia of the Stock Market. Ed. by Michael Sheimo, Chicago: Fitzroy Dearborn, 1999. 2 vols, $275/set (ISBN 1884964-35-4/set). Web site: www. fitzroydearbom.com. The explosive growth of stock markets all around the world, combined with the upward trend of the United States stock markets in recent years, have contributed to a keen interest in stock markets worldwide. The International Encyclopedia of the Stock Market presents a comprehensive view of the terminology involved in securities exchange. However, it does not only address stock markets; it is also an excellent encyclopedia of economic and finance terminology, covering worldwide words and phrases that are becoming increasingly important for today's student of international economics. Using the "stock market" motif as a starting point, this encyclopedia brings in a wider range of terms that are essential to the field of economics generally.
The encyclopedia is easy-to-read as well as appealing in its format. Terms are listed in straight alphabetical order; foreign terms are given in their original languages. There is a list of entries at the beginning of each volume. When a term does not have a country name(s) immediately following, it is a term that is universal to most stock exchanges. Most entries are brief, taking only a paragraph or two, but some are considerably longer. For example, "Alternative Investment Market" or AIM, a United Kingdom term, runs fifteen pages and is very elaborate.
The descriptions are written in a very clear, easily read style, quite suitable to...