Financial Markets and Institutions 7th edition By Anthony Saunders

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