For courses in Markets and Institutions or Money and Capital Markets This book helps prepare students for careers in Finance by describing a wide range of instruments for financing, investing, and controlling risk available in today's financial markets.
The substantially revised fifth edition of a textbook covering the wide range of instruments available in financial markets, with a new emphasis on risk management. Over the last fifty years, an extensive array of instruments for financing, investing, and controlling risk has become available in financial markets, with demand for these innovations driven by the needs of investors and borrowers.…