Foundations of Financial Markets and Institutions (3rd Edition)

This text is designed as a core text for one-semester courses in financial institutions and markets, and a supplement for courses in derivative securities and investments. The book offers a comprehensive exploration of the revolutionary developments occurring in the world's financial markets and institutions - including innovation, globalization, and deregulation - with a focus on the actual practices of financial institutions, investors, and financial instruments. The volume features: lengthy coverage of the mortgage market and the securitization of assets; an extensive and integrated coverage of international and global aspects of contemporary finance; in-depth discussion of how the worlds major financial markets and institutions interact with one another; and extensive coverage of the markets for derivative securities.