Financial Markets and Institutions 7th edition By Anthony Saunders
Print ISBN: 9781259919718, 1259919714
eText ISBN: 9781260166101, 1260166104
By: Anthony Saunders
Publisher: McGraw-Hill Higher Education
Print ISBN: 9781259919718, 1259919714
eText ISBN: 9781260166101, 1260166104
Edition: 7th
Copyright year: 2019
Financial Markets and Institutions 7e 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. Then resources within Connect help students solve financial problems and apply what they’ve learned. Saunders’ strong markets focus and superior pedagogy combine with a complete digital solution to help students achieve higher outcomes in the course.Connect is the only integrated learning system that empowers students by continuously adapting to deliver precisely what they need when they need it and how they need it so that your class time is more engaging and effective.
PREFACE
The last 30 years have been dramatic for the financial services industry. In the
1990s and 2000s, boundaries between the traditional industry sectors, such
as commercial banking and investment banking, broke down and competition
became increasingly global in nature. Many forces contributed to this
breakdown in interindustry and intercountry barriers, including financial
innovation, technology, taxation, and regulation. Then in 2008–2009, the
financial services industry experienced the worst financial crisis since the Great Depression.
Even into the mid-2010s, the U.S. and world economies have not recovered from this
crisis. It is in this context that this book is written.
As the economic and competitive environments change, attention to profit and, more
than ever, risk become increasingly important. This book offers a unique analysis of the risks
faced by investors and savers interacting through both financial institutions and financial markets,
as well as strategies that can be adopted for controlling and better managing these risks.
Special
emphasis is also put on new areas of operations in financial markets and institutions
such as asset securitization, off-balance-sheet activities, and globalization of financial services.
While maintaining a risk measurement and management framework, Financial
Markets
and Institutions provides a broad application of this important perspective. This
book recognizes that domestic and foreign financial markets are becoming increasingly
integrated and that financial intermediaries are evolving toward a single financial services
industry. The analytical rigor is mathematically accessible to all levels of students, undergraduate
and graduate, and is balanced by a comprehensive discussion of the unique environment
within which financial markets and institutions operate. Important practical tools
such as how to issue and trade financial securities and how to analyze financial statements
and loan applications will arm students with the skills necessary to understand and manage
financial market and institution risks in this dynamic environment. While descriptive
concepts so important to financial management (financial market securities, regulation,
industry trends, industry characteristics, etc.) are included in the book, ample analytical
techniques are also included as practical tools
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