Financial Markets and Institutions (Financial Institutions) Book

This text describes financial markets and the institutions that serve those markets by providing a conceptual framework that can be used to understand why markets exist and their role in the financial environment. Each type of financial market is described with a focus on its utilization by financial institutions, its internationalization, and recent events that have affected it. Each type of financial institution is described with a focus on its regulatory aspects, management, use of financial markets, and performance. This edition continues its strong tradition of emphasizing timely examples and practical applications to help students experience real-world issues in financial markets and institutions. Internet applications and exercises have been added to this edition to expose students to the use of the Web as a financial tool and resource.Read More