Publisher's Synopsis
This text provides students with a comprehensive analysis of both the structural and theoretical aspects of individual markets and institutions. Designed for financial markets and institutions courses, it presents perspectives on financial intermediation, market pricing theory, saving and investment and flow of funds. It aims to approach topics in a logical and accessible sequence and provides students with theoretical models early in the text that discuss the pricing of financial assets in a "risk and return" framework. It contains coverage of interest rate and risk management strategies
