About the Book: Financial Markets, Financial Institutions and Financial Services
Financial system?consisting of financial markets, financial institutions,
financial services and financial instruments?is at the heart of an economic
system. Financial markets are a mechanism which allows people to buy and sell
financial securities and other fungible items of value. Complex financial
products, such as derivatives, have proliferated in the financial markets. These
products have become highly popular with banks and financial institutions as
they allow them to hedge their risks and manage their regulatory and economic
capital more efficiently. This book provides a comprehensive description of the
theory and functioning of financial markets, financial institutions and
financial