Financial Markets and Institutions, 7th Edition
Financial Markets and Institutions, 7th Edition, is designed for the introductory course in financial markets and institutions at both the undergraduate and MBA levels. This comprehensive text provides a unique analysis of the risks faced by investors and savers interacting within the financial ecosystem. It introduces practical strategies for controlling and managing these risks, with a specific focus on modern operations such as asset securitization, off-balance-sheet activities, and the global expansion of financial services.
Book Details
- Author: Anthony Saunders
- Edition: 7th Edition
- Publisher: McGraw Hill
- ISBN-10: 1259919714
- ISBN-13: 978-1259919718
- Publication Date: January 2, 2018
Content Overview
- Part 1: Provides an essential overview of the text and an introduction to the fundamentals of financial markets.
- Part 2: Presents a detailed examination of various securities markets.
- Part 3: Summarizes the intricate operations and roles of commercial banks.
- Part 4: Explores the key characteristics and regulatory frameworks of major sectors within the U.S. financial services industry.
- Part 5: Concludes by examining the diverse risks facing modern financial institutions and the management strategies used to mitigate them.
Key Updates in the 7th Edition
This edition has been thoroughly updated to reflect the evolving financial landscape:
- Updated Data: All tables and figures have been revised with the latest market data.
- Post-Crisis Analysis: “After the Crisis” boxes highlight significant events and recovery efforts following the global financial crisis.
- Regulatory Changes: Includes discussions on major proposed changes to financial regulation and the continuing recovery of global institutions.
- Global Economic Factors: Features new insights into the effects of Brexit on investor risks and returns, the impact of initial Federal Reserve interest rate increases, and the influence of China’s economic policies.
With a strong focus on markets and superior pedagogy, this textbook provides students with the tools necessary to solve complex financial problems and understand the contemporary dynamics of the financial world.
