Financial Markets, Institutions and Money, 3rd Edition

Financial Markets, Institutions and Money, 3rd 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 the 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 third edition of Financial Markets, Institutions and Money on the critical role that financial systems play in an economy.

FEATURES OF THIS EDITION

• A brand new chapter on financial mathematics.
• ‘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.