Financial Markets and Institutions

This book describes financial markets and institutions by providing a conceptual framework to understand why markets exist and what their role 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, and each type of financial institution is described with a focus on its regulatory aspects, management, use of financial markets, and performance. This edition continues its strong tradition of emphasizing timely examples and practical applications, including Internet materials, and offers a unique tie into internet resources.-- Interpreting Financial News chapter-ending features gives the reader the practice in applying their knowledge to interpret financial news-- "Global Aspects" sections reflect the continuing globalization of financial markets-- "Managing in Financial Markets" exercises individuals to make decisions about specific real-world situations related to each chapter