Book Description:
Dive into the complexities of the global financial system with “Financial Markets and Institutions” by Saunders and Cornett. This comprehensive guide covers everything from market instruments to regulatory frameworks, essential for students and professionals alike.
Financial Markets and Institutions
- Authors: Anthony Saunders, Marcia Millon Cornett
- Publisher: McGraw-Hill Education
- ISBN: 978-1259377273
Financial Markets and Institutions offers an exhaustive exploration of both the structure and functioning of the financial system. This insightful text is divided into eight distinct parts, each addressing a critical segment of the financial markets or institutions.
- Part I: An introduction to the financial system and its economic significance.
- Part II: Detailed analysis of the money market and its instruments, along with the regulatory role of the Federal Reserve.
- Part III: Exploration of the capital market, including various financial instruments and the function of investment banks.
- Part IV: Insights into the foreign exchange market, its instruments, and central bank regulations.
- Part V: Overview of financial institutions like commercial banks, investment banks, and insurance companies.
- Part VI: Discussion on the regulatory framework governing the financial system, including various regulatory bodies.
- Part VII: Examination of the international financial system, the roles of different international financial institutions, and the IMF’s regulatory activities.
- Part VIII: Consideration of the future challenges and opportunities within the financial system as it evolves in the 21st century.
This book is a valuable resource for students and professionals interested in gaining a deeper understanding of the global financial landscape.