This text is aimed at undergraduate and MBA courses in money and capital markets, financial institutions, and markets. It presents an analysis of the financial system and its component parts with an expanded discussion in nearly every chapter of the trend towards globalization of financial markets and institutions. It attempts to explain all major types of financial instruments and provides a thorough grounding in interest rate and security price determination. New topics are addressed, such as the impact of asymmetric information in the financial marketplace, standby credit arrangements, new regulations surrounding the entry of foreign banks into the US, the changing character of regulations surrounding financial institutions, and new research findings on inflation. Learning aids include problems and a money and capital market dictionary.
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Anbieter: Romtrade Corp., STERLING HEIGHTS, MI, USA
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