Financial Markets and Institutions, 7th Edition is aimed at the first course in financial markets and institutions at both the undergraduate and MBA levels. It offers a distinct analysis of the risks faced by investors and savers interacting through financial institutions and financial markets and introduces strategies that can be adopted to control and manage risks. Special emphasis is placed on new areas of operations in financial markets and institutions, such as asset securitization, off-balance-sheet activities, and globalization of financial services.
- Part 1 provides an overview of the text and an introduction to financial markets.- Part 2 presents an overview of the various securities markets.- Part 3 summarizes the operations of commercial banks.- Part 4 provides an overview of the key characteristics and regulatory features of the other major sectors of the U.S. financial services industry.- Part 5 concludes the text by examining the risks facing modern financial institutions and financial institution managers, and the various strategies for managing these risks.
New to This Edition- Tables and figures in all chapters have been revised to include the latest data.- After the Crisis boxes in each chapter have been revised to hig
