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FINANCIAL INSTITUTIONS & MARKETS, Ninth Edition, provides a conceptual framework to help students understand why financial markets exist, how financial institutions serve those markets, and the various services those institutions offer. In describing each type of market, the text emphasizes the securities traded in that market and how financial institutions participate in it, while descriptions of financial institutions focus on their management, performance, regulatory aspects, use of financial markets, and sources and uses of funds. Following the introduction of key financial markets and institutions, the text explores the functions of the Federal Reserve System, the major debt security markets, equity security markets, and the derivative security market. Numerous pedagogical features, such as Global Aspects (indicating international coverage within the chapter), Point/Counterpoint (discussions presenting both sides of a controversial issue), Interpreting Financial News, and Internet Exercises, reinforce the key concepts of the text. Continuing a strong tradition of timely examples and practical applications, the ninth edition also includes extensive updates on the global financial and credit crisis, revised questions and exercises, and new WALL STREET JOURNAL features. ·A diagram at the beginning of each part of the text illustrates, in general terms, how key concepts are related and how chapters are organized.
·Special margin icons throughout the text indicate applications of behavioral finance to financial markets and financial institutions, as well as places where international aspects of chapter topics are discussed.
·Timely and relevant examples throughout the text help to reinforce key concepts and show students the practical applications and real-world importance of chapter material.
·A running Flow of Funds Exercise at the end of each chapter illustrates how a manufacturing company relies on all types of financial markets, institutions, and services, while special Excel® exercises highlight spreadsheet applications related to key topics such as yield curves, risk premiums, and stock volatility.
·Lists of objectives and key concepts for each chapter help students guide their reading and studying, while midterm and final exams, covering financial markets and financial institutions, respectively, facilitate a more comprehensive review. ISBN - 9788131518113
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