Publisher's Synopsis
This is an extensively comprehensive exploration of the revolutionary developments occurring in the world's financial markets and institutions - i.e., innovation, globalisation and deregulation - with a focus on the actual practices of financial institutions, investors, and financial instruments. Descriptions of the wide array of financial instruments available in todays market's for investing are well presented, as are the key roles of depository institutions and their regulation in the US and other financial markets. Also included is thorough examination of new strategies used by institutional investors for controlling risk in an environment of volatile stock prices, interest rates, and foreign currency.
