Summary |
Financial Markets, Institutions & Money, 2nd edition, introduces students to the financial system and its operations and participants. The text offers a fresh, succinct analysis of the financial markets and discusses how the many participants in the financial system interrelate. This includes coverage of regulators, regulations and Reserve Bank of Australia (RBA), which together ensure the system’s smooth running.
The text has been significantly revised to take into account changes in the financial world. The global financial crisis (GFC) of 2007-09 and its impact on the efficiency of the financial system has refocused the attention of the second edition of Financial Markets, Institutions & Money on the critical role that financial systems play in an economy.
New to this edition
A comprehensive coverage of the GFC as well as ‘In Focus’ vignettes that highlight issues regarding the GFC are included.
‘In Focus’ vignettes have been updated and now conclude with a series of questions, making them ideal for case study and group work.
The GFC is considered in terms of the risk it posed to financial system stability and its impact on financial market participants
The RBA’s determination and implementation of monetary policy during crisis and recovery is discussed.
A new chapter on sustainability and the finance sector challenges businesses to be engaged with the community, contribute to environmental and social issues, and govern themselves responsibly.
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