Financial markets and institutions, 11th ed.
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 the individuals, firms, or government agencies that need funds. Financial Markets and...
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| Format: | Book |
| Language: | English |
| Published: |
Cengage Learning
2020
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| Subjects: | |
| Online Access: | http://dspace.uniten.edu.my/jspui/handle/123456789/15380 |
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| Summary: | 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 the individuals, firms, or government agencies that
need funds. Financial Markets and Institutions, 11th 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 and the participation by financial
institutions.
Today, many financial institutions offer all types of financial services, such as banking,
securities services, mutual fund services, and insurance services. Each type of financial
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.
Since the credit crisis, regulatory actions have been taken to prevent another crisis in
the future. Accordingly, this text gives special attention to the impact of financial reform
on each type of financial market and financial institution. |
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