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Book Summary
This text describes financial markets and institutions by providing a conceptual
framework to understand why markets exist and what theirrole is 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 itsregulatory aspects, management, use of financial markets, and
performance. . This edition continues its strong tradition of emphasizingtimely
examples and practical applications, including Internet materials, and offers a
unique tie into Internet resources.
This text describes financial markets and institutions by providing a conceptual
framework to understand why markets exist and what theirrole is 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 itsregulatory aspects, management, use of financial markets, and
performance. . This edition continues its strong tradition of emphasizingtimely
examples and practical applications, including Internet materials, and offers a
unique tie into Internet resources.