Today, many financial institutions offer all types of financial services, such as banking, mutual funds, securities services, and insurance services. Although financial institutions overlap in the services they offer, the services that can be offered are distinctly different. The discussion of financial services in FINANCIAL MARKETS & INSTITUTIONS, 8e is organized by this type of service. Each type of financial market is described, focusing on the securities that are trade in that market and the participation by financial institutions. Pedagogical features, such as chapter summaries, learning objectives, and internet exercises, give you the tools you need to comprehend financial markets and institutions.
I was given this book to teach a business class about our political economic system and the Federal Monetary Policy. The structure of the book is well done and easy to navigate picking on topics and areas students need to get a clear idea of the connections and the effects of policy. Students need an understanding of macroeconomics and the U.S. government as well as a solid understanding of financial concepts. A historical perspective or prelude will help establish a framework for students who choose to navigate to areas of the book that interest them.
Material was very clearly presented and well written. While a bit dry at times, I rarely had trouble understanding the concepts. A good overview of financial markets with some of the key calculations for valuation, interest rates, etc included.