An introductory textbook on how money and capital markets around the globe work to fulfill the varied roles of facilitating savings and investment, making payments, supplying credit, accumulating wealth, supplying liquidity, protecting against risk, and supporting public policy. The 4th edition (3rd was 1989) contains an expanded discussion of the techniques of risk management, particularly futures and options contracts and swaps. Annotation copyright Book News, Inc. Portland, Or.
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