This latest edition of the undergraduate text includes updated discussions of financial institutions in the US and elsewhere. The text focuses on the processes of innovation, globalization, and deregulation that continue to change the financial landscape. It explains how the world's key financial institutions manage their assets and liabilities and provides an introduction to financial regulation and major facets of international finance. Annotation c. Book News, Inc., Portland, OR (booknews.com)
Describes the wide array of financial securities that are now available for investing, funding operations, and controlling various types of financial risk, while helping students see each kind of security as a response to the needs of those who manage assets and liabilities. Chapters also discuss how the world's key financial institutions support that management; basics of financial regulation and international finance; the securitization of assets and the large mortgage market; and the markets for derivative securities such as options, futures, and swaps. Annotation c. by Book News, Inc., Portland, Or.