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 economists 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.
- 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.