Financial markets and institutions - Peter Howells

For a thorough understanding of the financial activity that is so widely and prominently reported in the media, it is vital that students are able to grasp the theory and principles of the subject. With its clear and accessible exposition, this text will help students make sense of the workings of financial markets and institutions. Theory is covered only where absolutely necessary and a practical, applied approach is taken throughout, to help students understand events as they happen in the real world.Building on the success of the previous two editions, the third edition of Financial Markets and Institutions has been thoroughly updated to reflect the changes that have occurred in the financial system in recent years.Key features:Provides comprehensive coverage of the workings of financial marketsContains sufficient theory to enable students to make sense of current eventsFocuses on UK and European financial activity, context and constraintsOffers a wealth of statistical information to illustrate and support the textPresents up-to-date coverage of the role of central banks and the regulation of financial systemsExtensive pedagogy includes: boxes, illustrations, keywords/concepts,;New chapter on derivativesRevised treatment of money supply and interest rate determinationGreater coverage of international capital markets and Euro-instrumentsReduced emphasis on macroeconomic theoryFinancial Markets and Institutions will be appropriate for a wide range of courses in money, banking and finance. Students taking financial markets and institutions courses as part of accounting, finance, economics and business studies degrees will find this book ideally suited to their needs. The book will also be suitable for professional courses in business, banking and finance.Peter Howells is Professor of Economics at the University of East London, specialising in monetary and financial economics. Keith Bain is Principal Lecturer also at the University of East London and specialises in monetary economics and macroeconomic policy. They have written extensively, both articles and a number of textbooks.