Summary |
The study of banking and financial markets has become one of the most interesting topics in economics. Financial markets are changing rapidly, and new financial instruments appear almost daily. The once staid banking industry has become highly dynamic. Well-functioning international trade and financial markets have created an integrated world economy in which events in one country’s financial markets have a major impact on financial markets in other countries.
This book is written for students and teachers in the fields of economics, management, finance and the social sciences. It introduce readers to the nature of banking and the main financial markets in which banks operate. It touches on nearly every aspect, from the fundamentals of negotiable instruments to contemporary issues and developments with the industry. It also addresses changes in the banking industry most notably in the areas of customer service, emerging technology, and expanded banking powers and markets.
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