Financial Markets and Institutions, 4/e offers a unique analysis of the risks faced by investors and savers interacting through financial institutions and financial markets, as well as strategies that can be adopted for controlling and managing risks. Special emphasis is put on new areas of operations in financial markets and institutions such as asset securitization, off-balance-sheet activities, and globalization of financial services.
Focuses on managing return and risk in financial institutions. The text argues that risks faced by financial institutions managers, and the methods and markets through which these risks are managed are becoming similar whether an institution is chartered as a commercial bank, a savings bank, an investment bank, or an insurance company.
Focusing on market-driven corporate finance, this text offers a cost-effective and accessible resource for students. It features a concise format that facilitates understanding and retention of key concepts, complemented by various study tools available in both print and online formats. Professors benefit from a streamlined presentation of essential information, making it easier to cover the material in class. M: Finance is designed to enhance the learning experience while preparing students for future challenges in finance.