Financial Markets and Institutions - Softcover

Howells, Peter; Bain, Keith

Softcover

ISBN 10: 0273682830 ISBN 13: 9780273682837

Publisher: Financial Times/ Prentice Hall, 2004

Synopsis

For a thorough understanding of the financial activity that is so widely and prominently reported in the media, it is vital that students are able to grasp the theory and principles of the subject. With its clear and accessible exposition, this text will help students make sense of the workings of financial markets and institutions. Theory is covered only where absolutely necessary and to help students understand events as they happen in the real world, the book takes a practical, applied approach.

The fourth Edition of Financial Markets and Institutions has been thoroughly updated to reflect the changes that have occurred in the financial system in recent years. The book looks at financial activity from the economist’s perspective, discussing its origin in the real economy and the need to lend and borrow to enable real investment to take place. The book also considers the shortcomings of financial markets and markets and the effect the shortcomings have on the real economy.

About this title

From the Back Cover:

With its clear and accessible style, Financial Markets and Institutions will help students make sense of the financial activity that is so widely and prominently reported in the media. Looking at the subject from the economist’s perspective, the book takes a practical, applied approach and theory is covered only where absolutely necessary in order to help students understand events as they happen in the real world.  This fourth edition has been thoroughly updated to reflect the changes that have occurred in the financial system in recent years.

Key Features

• New

• Thoroughly updated to include new figures and recent legislative and regulatory changes.
• New Stresses the role of asymmetric information in recent financial scandals.
• Provides a comprehensive coverage of the workings of financial markets.
• Contains sufficient theory to enable students to make sense of current events.
• Up-to-date coverage of the role of central banks and the regulation of financial systems.
• Focuses on UK and European financial activity, context and constraints.
• Offers a wealth of statistical information to illustrate and support the text.
• Extensive pedagogy includes boxes, illustrations, keywords/concepts, discussion questions, chapter openers, chapter summaries and numerous worked examples.
• Frequent use of material from the Financial Times.
• Regularly maintained and updated Companion Website containing valuable teaching and learning material.

Financial Markets and Institutions will be appropriate for a wide range of courses in money, banking and finance.  Students taking financial markets and institutions courses as part of accounting, finance, economics and business studies degrees will find this book ideally suited to their needs.  The book will also be suitable for professional courses in business, banking and finance.

Peter Howells is Reader in Economics at the University of the West of England, specializing in monetary and financial economics.

Keith Bain is formerly of the University of East London where he specialized in monetary economics and macroeconomic policy.

About the Author:

Peter Howells is Reader in Economics at the University of the West of England, specializing in monetary and financial economics.

About this edition

• Publisher: Financial Times/ Prentice Hall
• Publication date: 2004
• ISBN 10: 0273682830
• ISBN 13: 9780273682837
• Binding: Paperback
• Edition number: 4
• Number of pages: 426