Senin, 31 Mei 2010

[R340.Ebook] Download Ebook Financial Institutions and Markets (Mcgraw Hill Series in Finance), by Meir Kohn

Download Ebook Financial Institutions and Markets (Mcgraw Hill Series in Finance), by Meir Kohn

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Financial Institutions and Markets (Mcgraw Hill Series in Finance), by Meir Kohn

Financial Institutions and Markets (Mcgraw Hill Series in Finance), by Meir Kohn



Financial Institutions and Markets (Mcgraw Hill Series in Finance), by Meir Kohn

Download Ebook Financial Institutions and Markets (Mcgraw Hill Series in Finance), by Meir Kohn

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Financial Institutions and Markets (Mcgraw Hill Series in Finance), by Meir Kohn

Because the study of financial institutions and markets is in a constant state of change, students who take this course must be prepared to know more than just what today's major institutions and markets are. They need to understand why institutions and markets take the form they do and why this form is constantly changing. This text is designed to provide students with that understanding by studying each institution and market from three angles: economic function, historical context and international comparison. A three-chapter introduction on the principles behind the development of the financial system includes a discussion of the needs it serves, the technology it uses and the regulation it faces. Coverage of the fundamentals of security prices provides a parallel development of interest rates and exchange rates. The text examines the historical development of institutions and markets for lessons about the process of change. It also includes an international comparison: financial institutions and markets in other countries are scrutinized to provide students with a broader understanding of global conditions. The chapter on insurance highlights the important role played by insurance companies in the financial system in terms of the risk-shifting they facilitate and the fact that they utilize much of the same technology that banks use in facilitating lending. Also, the structural boundaries between insurance companies and other financial institutions is absent in many countries and slowly eroding in many others. A chapter on the stability of the financial system addresses the different ways of ensuring the stability and safety of the entire financial system.

  • Sales Rank: #5939686 in Books
  • Published on: 1994-01
  • Ingredients: Example Ingredients
  • Original language: English
  • Number of items: 1
  • Dimensions: 10.50" h x 8.25" w x 1.50" l,
  • Binding: Hardcover
  • 868 pages

Review

"In this second edition, Meir Kohn addresses the structure of financial institutions and markets and investigates why and how existing markets are evolving. The book emphasizes a functional focus on financial intermediaries and markets such as government securities, mortgage, corporate debt, equity markets, derivatives, and market microstructure. Chapters cover liquidity and risk, regulation, and developing financial systems."--Journal of Macroeconomics


About the Author
Meir Kohn is at Dartmouth College.

Most helpful customer reviews

2 of 2 people found the following review helpful.
Markets fully explained
By MarketWatcher
Financial Institutions and Markets by Meir Kohn is, in my estimation, an astonishing compilation that describes everything relative to the marketplace, from banking to debt markets and to equity markets.

The inside liner note states the book is intended for use alongside an undergraduate or master's course in finance. But I, being of neither, purchased the book as a stand-alone. I am pleased with my decision to buy the book and have found it is well organized and easy to read. Only on rare occasion did I find any mathematical rigor (calculating coupon payments and so on). Nearly all of the book, however, is plain text that explains the markets.

Some highlights include: four ways that businesses raise capital for investment, what commercial paper is and what it has to do with money market funds, what swaps are and how they are used, mortgage strips, stock exchanges, call auctions, the role of market makers, and many more.

The book is quite lengthy. I initially skipped the banking, debt, and insurance chapters and went right to the section that described the stock market. Having satisfied that, I am now backfilling the rest of the book and have been content if not surprised with the directness and clarity the author has provided on all subjects.

1 of 1 people found the following review helpful.
Five Stars
By MisplacedTexan
Awesome book. And shipped on time.

3 of 5 people found the following review helpful.
Excellent general finance book
By A Customer
Great book. Very clear and concise. Good, clear examples. This is the best book for someone seeking to understand how the financial markets really work.

See all 4 customer reviews...

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