Financial Markets And
Institutions
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 a practical, applied approach is taken throughout, to help students understand events
as they happen in the real world.
Building on the success of
the previous two editions, the third edition of Financial Markets and Institutions
has been thoroughly updated to reflect the changes that have occurred in the financial
system in recent years.
Key features:
Provides comprehensive
coverage of the workings of financial markets
Contains sufficient theory to
enable students to make sense of current events
Focuses on UK and European
financial activity, context and constraints
Offers a wealth of
statistical information to illustrate and support the text
Presents up-to-date coverage
of the role of central banks and the regulation of financial systems
Extensive pedagogy includes:
boxes, illustrations, keywords/concepts, discussion questions, chapter openers, chapter
summaries and numerous worked examples
Features new to this edition:
Thoroughly updated to include
new figures and recent legislative and regulatory changes
Detailed treatment of the
Bank of England's new responsibilities
Greater emphasis on EU
developments such as the single market, regulation, etc.
New chapter on derivatives
Revised treatment of money
supply and interest rate determination
Greater coverage of
international capital markets and Euro-instruments
Reduced emphasis on
macroeconomic theory
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 Professor of
Economics at the University of East London, specialising in monetary and financial
economics. Keith Bain is Principal Lecturer also at the University of East London and
specialises in monetary economics and macroeconomic policy. They have written extensively,
both articles and a number of textbooks.
403 pages