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Financial Markets and Institutions
Financial markets finance much of the expenditures by corporations, governments, and individuals. Financial institutions are the key intermediaries in financial markets because they transfer funds from savers to those who need funds. Financial Markets and Institu- tions, Ninth Edition, describes financial markets and the financial institutions that serve those markets. It provides a conceptual framework that can be used to understand why markets exist. Each type of financial market is described, with a focus on the securities that are traded in that market and the participation by financial institutions. Today, many financial institutions offer all types of financial services, such as bank- ing, securities services, mutual fund services, and insurance services. Each type of finan- cial service is unique, however. Therefore, the discussion of financial services in this book is organized by type of financial service that can be offered by financial institutions. The credit crisis has had an adverse effect across financial markets and institutions. Accordingly, this text gives special attention to the impact of the credit crisis on each type of financial market and financial institution.
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نقد و بررسیها
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