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Foundations of Financial Markets and Institutions
 
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Foundations of Financial Markets and Institutions (Hardcover)

by Frank J. Fabozzi (Author), Franco Modigliani (Author), Michael Ferri (Author)
3.5 out of 5 stars  See all reviews (2 customer reviews)

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Product details

  • Hardcover: 672 pages
  • Publisher: Pearson US Imports & PHIPEs; 2nd International edition edition (4 Aug 1997)
  • Language English
  • ISBN-10: 0136860567
  • ISBN-13: 978-0136860563
  • Product Dimensions: 25.4 x 20.1 x 3 cm
  • Average Customer Review: 3.5 out of 5 stars  See all reviews (2 customer reviews)
  • Amazon.co.uk Sales Rank: 176,650 in Books (See Bestsellers in Books)
  • See Complete Table of Contents

Product Description

Product Description

Offering a comprehensive exploration of the revolutionary developments occuring in the world's financial markets and institutions, this edition looks at innovation, globalization and deregulation - with a focus on the actual practices of financial institutions, investors and financial instruments.


About the Author

Frank J. Fabozzi is an Adjunct Professor of Finance at the School of Management at Yale University arid editor of the Journal of Portfolio Management. From 1986 to 1992, he was a full-time member of the Finance faculty at the Sloan School of Management at MIT. Dr. Fabozzi has authored and edited several widely acclaimed books in finance. He is on the board of directors of the B1ackRock complex of closed-end funds and the Guardian Park Avenue Portfolio family of open-end funds. He earned a doctorate in economics in 19'72 from The Graduate Center of the City University of New York and is a Chartered Financial Analyst. In 1994, he was awarded an honorary doctorate of Humane Letters from NOVA Southeastern University.

Franco Modigliani is Institute Professor and Professor of Finance and Economics at MIT He is an Honorary President of the International Economic Association and a former President of the American Economic Association, the American Finance Association, and the Econometric Society. He is a member of several academies, including the National Academy of Science. Professor Modigliani has authored numerous books and articles in economics and finance. In October 1985, he was awarded the Alfred Nobel Memorial Prize in Economic Sciences. He has served as a consultant to the Federal Reserve System, the U.S. Treasury Department, and a number of European banks, as well as to many businesses, and is on several boards of directors. Professor Modigliani received a Doctor of Jurisprudence in 1939 from the University of Rome and a Doctor of Social Science in 1944 from the New School for Social Research, as well as several honorary degrees.

Frank J. Jones is Executive Vice President & Chief Investment Officer of The Guardian Life Insurance Company and President of The Park Avenue Portfolio, Guardian's family of mutual funds. He is also on the board of directors of Guardian Baille Gifford Limited and the International Securities Exchange. He is on the editorial boards of the Journal of Portfolio Management and the Financial Analysts Journal. He received a doctorate from Stanford University and an M.S. in nuclear engineering from Cornell University. Dr. Jones has been on the Graduate Faculty of Economics at the University of Notre Dame, an associate professor at the San Jose State University College of Business, a lecturer at the Yale University School of Management, and an Adjunct Professor of Finance at New York University. Dr. Jones has been Director of Global Fixed Income Research and Economics at Merrill Lynch & Co. and Senior Vice President at the New York Stock Exchange.

Michael G. Ferri is a Professor of Finance at George Mason University in Fairfax, Virginia, and holds the GMU Foundation Chair in Finance. He received his doctorate in economics from the University of North Carolina in 19'75. His numerous articles on financial markets and investments have appeared in a variety of financial and economic journals. He is on the editorial advisory board of the, Journal of Portfolio Management and several academic journals. He has been a vice-president of the Financial Management Association International and has served as a consultant to agencies of the U.S. government and to several major financial institutions. In 1997, Dr. Ferri held the Coenen Visiting Professorship in the Darden School of the University of Virginia.

--This text refers to an out of print or unavailable edition of this title.

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Average Customer Review
3.5 out of 5 stars (2 customer reviews)
 
 
 
 
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2 of 2 people found the following review helpful:
2.0 out of 5 stars Disappointing Read, 4 Sep 2009
By Mr. Robert G. Pring "cass undergrad" (London, UK) - See all my reviews
(REAL NAME)   
Clear example of a rushed updation of a finance textbook, in an attempt to become one of the first textbooks with 'sub-prime crisis' written on its pages.

Definitely not a 'Foundation' as implied by the title, the economic understanding required for a course in FM&I need not be so detailed and confusing for those who have not read economics before.

To save a lot of space in this review and to put it simply: This book contains some ambitious topics for 'Foundation' courses, which are explained poorly.


To help my fellow students, (in my opinion):

> If it's details or more mathematics you want SEE Saunders & Corbett.

> If it's UK Specific examples you want SEE Howell & Bain.

> ***If it's a 'Foundation' course textbook (with the correct level of detail) you want, BUY Madura, J. (Very difficult to beat)

> And Finally, If it's macroeconomics you want... READ an Economics textbook! Best to learn a topic in full through an econ textbook rather than confusing yourself with half the story like in this one! :)
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1 of 1 people found the following review helpful:
5.0 out of 5 stars Superb: clear, concise, and comprehensive., 18 Aug 2005
Unlike so many financial markets books, the authors are capable of giving a clear explanation of their subject material, from the business and economics mechanisms, to the supporting mathematics.
Individual topics are clearly explained, and at least as importantly, their overall position within the sector is also made clear.
It's also a pleasant change to find a book that covers "the rest of the World"; again, unlike so many that are written on the basis that the world ends at the borders of the USA..
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