Financial Markets and Institutions 8e

Financial Markets and Institutions is aimed at the first course in financial markets and institutions at the both undergraduate and MBA level. While topics covered in the book are found in more advanced textbooks on financial markets and institutions, the explanations and illustrations are aimed at the those with little or no practical or academic experience beyond the introductory-level finance courses. In most chapters, the main relationships are presented by figures, graphs, and simple examples. The more complicated details and technical problems related to in-chapter discussion are provided in appendixes to the chapters.

Since the author team's focus is on return and risk and the resources of that return and risk in domestic and foreign financial markets ant institutions, this text relates ways in which a modern financial manager, saver, and investor can expand return with a managed level of risk to achieve the best, or most favorable, return-risk outcome.