Publisher's Synopsis
This text covers macroeconomic and regulatory policy issues and briefly overviews the distinct types of financial institutions. More important, it discusses strategies for managing financial firms in a competitive environment, and analyzes the process of innovation, so that students can appreciate how financial intermediaries add value in the financial marketplace.;The book is appropriate for upper-level undergraduate and introductory graduate courses primarily in financial markets, financial institutions and capital markets, secondarily in money and banking, financial intermediation and the financial system.
