Intended as an introductory course, this text contains updated institutional material which is international in scope and deals with the effects of electronic commerce. It provides tips, questions and answers and special features.
This book aims to provide a conceptual basis for understanding interest rates, interest-rate differentials, financial market equilibrium, risk and risk shifting. Financial risk management is the theme throughout. The text is designed for undergraduate courses in money and capital markets, investments, bond markets, money and banking, financial risk management and financial institutions.
Including many of the recent theoretical and practical changes in finance - as well as the essentials, this text provides an understanding of how funds are raised by a company and how they are allocated. It offers 100 self-correction problems, over 300 questions, and close to 200 regular problems at chapter-ends, as well as an extensive listing of references to original literature sources.