Overview

With its clear and accessible style, Financial Markets and Institutions will help students make sense of the financial activity that is so widely and prominently reported in the media. Looking at the subject from the economist's perspective, the book takes a practical, applied approach and theory is covered only where absolutely necessary in order to help students understand events as they happen in the real world. This fifth edition has been thoroughly updated to reflect the changes that have occurred in the financial system in recent years. Key Features * New! Chapter 12 Financial Market Failure and Financial Crisis puts forward arguments concerning for example, the ability of small firms to borrow, the problems of financial exclusion and inadequate long-term saving and the tendency in financial markets to bubbles and crashes. * New! Thoroughly updated to include new figures and recent legislative and regulatory changes. * Provides a comprehensive coverage of the workings of financial markets. * Contains sufficient theory to enable students to make sense of current events. * Up-to-date coverage of the role of central banks and the regulation of financial systems.

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9786611157005

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