Modern Financial Markets and Institutions

A Practical Perspective

Author: Glen Arnold

Publisher: Financial Times/Prentice Hall

ISBN: 9780273730354

Category: Business & Economics

Page: 679

View: 3774

'Modern Financial Markets and Institutions' provides a comprehensive and authoritative introduction to the workings of modern financial systems, the efficiency of money markets and the role of investment bankers, illustrating how they impact our everyday lives.
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Modern Financial Markets & Institutions

Author: Glen Arnold

Publisher: Pearson Higher Ed

ISBN: 0273778021

Category: Business & Economics

Page: 792

View: 8474

Modern Financial Markets and Institutions provides a comprehensive and authoritative introduction to the workings of modern financial systems, the efficiency of money markets and the role of investment bankers, illustrating how they impact our everyday lives. By drawing on numerous real-world examples, this text is essential reading for students of banking, finance, investment, business studies and economics. It will be invaluable for those looking to entering banking, insurance, fund management and other financial services industries. “The practical perspective is perfect for business students wishing to understand the financial sector and how it works. Arnold again, as with his other books, has done a great job here. This is a book I have been waiting for some time.” Mr Jim Keane - Gloucester Business School University of Gloucestershire, Cheltenham, UK “Excellent analysis and clear explanations.” Ms. Nirmala Lee - Dept Of Accounting/Finance LondonMet (Guild) University, London, UK
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Finance and Financial Markets

Author: Keith Pilbeam

Publisher: Macmillan International Higher Education

ISBN: 1349262730

Category: Business

Page: 479

View: 7865

Finance and Financial Markets is a major text designed for introductory undergraduate, postgraduate and MBA courses in finance. It provides a comprehensive yet relatively non-technical introduction to modern day financial institutions, markets and instruments.
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Financial Markets and Institutions

Author: Anthony Saunders

Publisher: McGraw-Hill Higher Education

ISBN: 0077641825

Category: Business & Economics

Page: 768

View: 7532

Financial Markets and Institutions, 6e 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 Plus 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.
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The Origins and Development of Financial Markets and Institutions

From the Seventeenth Century to the Present

Author: Jeremy Atack,Larry Neal

Publisher: Cambridge University Press

ISBN: 9781139477048

Category: Business & Economics

Page: N.A

View: 7759

Collectively, mankind has never had it so good despite periodic economic crises of which the current sub-prime crisis is merely the latest example. Much of this success is attributable to the increasing efficiency of the world's financial institutions as finance has proved to be one of the most important causal factors in economic performance. In a series of insightful essays, financial and economic historians examine how financial innovations from the seventeenth century to the present have continually challenged established institutional arrangements, forcing change and adaptation by governments, financial intermediaries, and financial markets. Where these have been successful, wealth creation and growth have followed. When they failed, growth slowed and sometimes economic decline has followed. These essays illustrate the difficulties of co-ordinating financial innovations in order to sustain their benefits for the wider economy, a theme that will be of interest to policy makers as well as economic historians.
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Modern Financial Macroeconomics

Panics, Crashes, and Crises

Author: Todd A. Knoop

Publisher: Wiley-Blackwell

ISBN: 9781405161817

Category: Business & Economics

Page: 290

View: 7584

Modern Financial Macroeconomics takes a non-technical approach in examining the role that financial markets and institutions play in shaping outcomes in the modern macro economy. Reviews historical and contemporary macroeconomic theory Examines governmental influence on moderating (or exacerbating) economic fluctuations Discusses both empirical and theoretical links between financial systems and economic performance, as well as case studies detailing the role of finance in specific business cycle episodes
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Modern Financial Systems

Theory and Applications

Author: Edwin H. Neave

Publisher: John Wiley & Sons

ISBN: 9780470538135

Category: Business & Economics

Page: 558

View: 2559

A valuable guide to the essential elements of modern financial systems This book offers you a unified theory of modern financial system activity. In it, author Edwin Neave distills a large body of literature on financial systems, the institutions that comprise the systems, and the economic impacts of the systems' operation. Through non-technical summaries, Neave provides you with a primer on how financial systems work, as well as how the many parts of any financial system relate to each other. He does so in a straightforward manner, with an emphasis on economic principles and the relationship between various aspects of financial system activity. Discusses financial governance and explains how financial markets and institutions complement each other Identifies the economic forces at work within financial systems and explores how they determine system organization and change Offers a theoretical survey of financial activity and its application to numerous practical situations Explains both static financial system organization and the dynamics of financial system evolution Following a non-technical approach, this book skillfully explores how financial systems work, as well as how the many parts of any financial system relate to each other.
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LOOSE-LEAF FOR FINANCIAL MARKETS AND INSTITUTIONS

Author: Anthony Saunders, Professor,Marcia Millon Cornett

Publisher: McGraw-Hill Education

ISBN: 9781260166118

Category: Business & Economics

Page: 784

View: 7339

Financial Markets and Institutions, 7th Edition is aimed at the first course in financial markets and institutions at both the undergraduate and MBA levels. It offers a distinct analysis of the risks faced by investors and savers interacting through financial institutions and financial markets and introduces strategies that can be adopted to control and manage risks. Special emphasis is placed on new areas of operations in financial markets and institutions, such as asset securitization, off-balance-sheet activities, and globalization of financial services. - Part 1 provides an overview of the text and an introduction to financial markets.- Part 2 presents an overview of the various securities markets.- Part 3 summarizes the operations of commercial banks.- Part 4 provides an overview of the key characteristics and regulatory features of the other major sectors of the U.S. financial services industry.- Part 5 concludes the text by examining the risks facing modern financial institutions and financial institution managers, and the various strategies for managing these risks. New to This Edition- Tables and figures in all chapters have been revised to include the latest data.- After the Crisis boxes in each chapter have been revised to highlight significant events related to the financial crisis.- Updates on the major changes proposed to financial regulation have been added throughout the book.- Discussions of how financial markets and institutions continue to recover have been added throughout the book.- Discussions of Brexit’s effect on risks and returns for investors are featured.- Explanations of the impact of initial interest rate increases by the Federal Reserve are given.- Details about the impact of China's economic policies are provided. Digital resources within Connect help students solve financial problems and apply what they've learned. This textbook's strong markets focus and superior pedagogy are combined 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 class time is more engaging and effective.
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Modern Financial Markets

Prices, Yields, and Risk Analysis

Author: David W. Blackwell,Mark D. Griffiths,Drew B. Winters

Publisher: Wiley

ISBN: 0470000104

Category: Business & Economics

Page: 512

View: 8283

Throughout this concise, accessible book, readers will quickly learn the fundamental concepts of managerial finance while discovering how things really work. The material is explained using an intuitive theoretical context, providing them with a richer understanding of the material and better insights into solving problems. Finance concepts are covered in a common sense manner and the use of mathematical jargon is minimized. The unifying theme for the book is the concept of valuation since it is the most fundamental concept in finance. The authors define and discuss value in terms of net present value (NPV).
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Financial Markets and Public Finance in the Transformation Process

Author: Mr. Vito Tanzi

Publisher: International Monetary Fund

ISBN: 1455204056

Category: Business & Economics

Page: 34

View: 7329

The paper surveys the role of financial markets and fiscal institutions in the transformation process going on in Eastern and Central Europe. It highlights (a) the need to create some sort of “social ecological balance” necessary for the working of a modern market economy; (b) the need to develop appropriate financial institutions that can mobilize savings and allocate them efficiently; and (c) the major reforms necessary in the fiscal area. It also calls attention to the extent to which monetary and fiscal policies overlap in these countries and the implications of that overlapping.
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Modern Financial Intermediaries and Markets

Author: Nasser Arshadi

Publisher: N.A

ISBN: 9780131194700

Category: Business & Economics

Page: 501

View: 3698

Presents the process of financial intermediation as a broad theme that extends beyond the nature and purpose of financial intermediaries, to include their influence over the financial instruments and markets in which they operate. Extensive coverage of the modern functions of financial institutions such as off-balance-sheet activities, securitization, and financial derivatives. The book presents real-world examples and problems within a modern, global perspective. A valuable book for any professional who needs to understand more about global financial markets and institutions or bank management.
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Risk Management and Simulation

Author: Aparna Gupta

Publisher: CRC Press

ISBN: 1439835950

Category: Business & Economics

Page: 523

View: 7857

The challenges of the current financial environment have revealed the need for a new generation of professionals who combine training in traditional finance disciplines with an understanding of sophisticated quantitative and analytical tools. Risk Management and Simulation shows how simulation modeling and analysis can help you solve risk management problems related to market, credit, operational, business, and strategic risk. Simulation models and methodologies offer an effective way to address many of these problems and are easy for finance professionals to understand and use. Drawing on the author’s extensive teaching experience, this accessible book walks you through the concepts, models, and computational techniques. How Simulation Models Can Help You Manage Risk More Effectively Organized into four parts, the book begins with the concepts and framework for risk management. It then introduces the modeling and computational techniques for solving risk management problems, from model development, verification, and validation to designing simulation experiments and conducting appropriate output analysis. The third part of the book delves into specific issues of risk management in a range of risk types. These include market risk, equity risk, interest rate risk, commodity risk, currency risk, credit risk, liquidity risk, and strategic, business, and operational risks. The author also examines insurance as a mechanism for risk management and risk transfer. The final part of the book explores advanced concepts and techniques. The book contains extensive review questions and detailed quantitative or computational exercises in all chapters. Use of MATLAB® mathematical software is encouraged and suggestions for MATLAB functions are provided throughout. Learn Step by Step, from Basic Concepts to More Complex Models Packed with applied examples and exercises, this book builds from elementary models for risk to more sophisticated, dynamic models for risks that evolve over time. A comprehensive introduction to simulation modeling and analysis for risk management, it gives you the tools to better assess and manage the impact of risk in your organizations. The book can also serve as a support reference for readers preparing for CFA exams, GARP FRM exams, PRMIA PRM exams, and actuarial exams.
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Fundamentals of Financial Markets and Institutions in Australia

Author: Tom Valentine,Ford,Liam O'Hara,Sundmacher

Publisher: N.A

ISBN: 9781442516014

Category: Finance

Page: 400

View: 6912

Tom Valentine and his co-authors have given us a beautifully clear introduction to the most important topic in economics today. There is an excellent chapter on the global financial crisis, and the reader is guided through the basic theory of the modern financial system with the help of real life examples." - Alan Mitchell, Economics Editor, The Australian Financial Review Fundamentals of Financial Markets and Institutions provides students with a comprehensive introduction to the Australian and international financial markets. It clearly explains the theories and describes the models used by these markets. Written in a student-friendly style, the text is completely Australian. It is the only Australian Financial Markets text with up to the minute currency and a global emphasis. This text is written in a clear, easy-to-understand manner to give students a fundamental introduction to financial markets without overwhelming them. It is the perfect book for any first year financial institutions course looking to enhance student success.
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The Structure and Regulation of Financial Markets

Author: Peter D. Spencer

Publisher: OUP Oxford

ISBN: 9780191586866

Category: Business & Economics

Page: 280

View: 6721

Aimed at advanced undergraduate and graduate students in economics, banking, and finance, this is a core textbook for the financial markets, institutions, and regulation option of courses in financial economics. It integrates modern theories of asymmetric information into the analysis of financial institutions, relating the theory to current developments. The text begins with an analysis of adverse selection in retail financial products like life assurance before looking at open capital markets where trades and prices provide information. It then progresses to the more complex areas of corporate governance and financial intermediation in which information is concealed or confidential and moral hazard and verification problems become important. These chapters study the various mechanisms that the financial markets have developed to allow investors to delegate the management of their assets to others. This analysis is used to show how regulation can reduce the risk of financial failure and how legal, accounting, and regulatory mechanisms can help shape a country's corporate and financial architecture. These difficult theoretical concepts are conveyed through the careful use of numerical illustrations and topical case studies. Each chapter ends with a set of exercises to test and reinforce students' comprehension of the material. Worked solutions are provided for the numerical exercises.
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Financial Development, the Structure of Capital Markets, and the Global Digital Divide

Author: Charles Amo Yartey

Publisher: International Monetary Fund

ISBN: N.A

Category: Capital market

Page: 28

View: 2389

This paper examines the role of financial development and financial structure in explaining cross-country diffusion of information communication technology (ICT). Using panel data for 76 emerging and advanced countries for the period 1990-2003, the paper finds that credit and stock market development tends to foster ICT development. Financial structure, however, does not appear to have any significant relationship with ICT development. The conclusions of the paper highlight the role of financial development in the market for knowledge-based products, and are consistent with theoretical predictions. The finding that financial development is an important determinant of ICT development implies that countries with underdeveloped financial markets may continue to lag behind in the use of ICT.
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Modern Financial Techniques, Derivatives and Law

Author: Southern Methodist University. Institute of International Banking and Finance

Publisher: Kluwer Law International B.V.

ISBN: 9041197818

Category: Law

Page: 246

View: 5964

This work examines both the UK and international regulation, as well as the case law and legislation affecting a wide spectrum of modern financial techniques. Within the scope of those financial techniques are the broad range of instruments, structures and contracts deployed by global financial markets in relation to corporate customers, sovereign entities and other public sector bodies. The essays in this collection are concerned with the nature of the modernity of financial products like derivatives, and the particularly acute challenge that they pose both to the control of financial markets by private law and by established means of regulation. Much of the book focuses on derivatives as exemplars of this broader context. The authors analyse practical and theoretical issues as diverse as credit derivatives, dematerialised securities, the ISDA EMU protocol, and the OTC derivatives market, as well as the regulation of financial products, the economics of financial techniques, and the international regulatory framework. They examine issues of private law, including the legal implications of immobilisation and dematerialisation in collateral transactions, seller liability in credit derivatives markets and fraud. The essays examine the benefits and shortcomings of various legal mechanisms and methods of financial regulation, and suggest new approaches to the questions facing the law of international finance. The essays in this book arose out of the W.G. Hart workshop on Transnational Corporate Finance and the Challenge to the Law held at the Institute of Advanced Legal Studies in London in 1998.
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Introduction to the Theories and Varieties of Modern Crime in Financial Markets

Author: Marius-Cristian Frunza

Publisher: Academic Press

ISBN: 0128013494

Category: Business & Economics

Page: 272

View: 5647

Introduction to the Theories and Varieties of Modern Crime in Financial Markets explores statistical methods and data mining techniques that, if used correctly, can help with crime detection and prevention. The three sections of the book present the methods, techniques, and approaches for recognizing, analyzing, and ultimately detecting and preventing financial frauds, especially complex and sophisticated crimes that characterize modern financial markets. The first two sections appeal to readers with technical backgrounds, describing data analysis and ways to manipulate markets and commit crimes. The third section gives life to the information through a series of interviews with bankers, regulators, lawyers, investigators, rogue traders, and others. The book is sharply focused on analyzing the origin of a crime from an economic perspective, showing Big Data in action, noting both the pros and cons of this approach. Provides an analytical/empirical approach to financial crime investigation, including data sources, data manipulation, and conclusions that data can provide Emphasizes case studies, primarily with experts, traders, and investigators worldwide Uses R for statistical examples
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Financial Markets, Institutions and Money

Author: David S. Kidwell,Mark Brimble,Liam J. A. Lenten,Anup Basu,Paul Docherty,Paul Mazzola

Publisher: N.A

ISBN: 9781118384114

Category: Financial institutions

Page: 864

View: 2688

The financial system is a key influencer of the health and efficiency of an economy. The role of the financial system is to gather money from people and businesses that currently have more money than they need and transfer it to those that can use it for either business or consumer expenditures. This flow of funds through financial markets and institutions in the Australian economy is huge (in the billions of dollars), affecting business profits, the rate of inflation, interest rates and the production of goods and services. In general, the larger the flow of funds and the more efficient the financial system, the greater the economic output and welfare in the economy. It is not possible to have a modern, complex economy such as that in Australia, without an efficient and sound financial system. The global financial crisis (GFC) of late 2007?09 (and the ensuing European debt crisis), where the global financial market was on the brink of collapse with only significant government intervention stopping a catastrophic global failure of the market, illustrated the importance of the financial system. Financial Markets, Institutions and Money 3rd edition introduces students to the financial system, its operations, and participants. The text offers a fresh, succinct analysis of the financial markets and discusses how the many participants in the financial system interrelate. This includes coverage of regulators, regulations and the role of the Reserve Bank of Australia, that ensure the system?s smooth running, which is essential to a modern economy. The text has been significantly revised to take into account changes in the financial world.
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