Financial Markets and Institutions

Description

Financial Markets and Institutions, 9th Edition is designed for students taking their first course in financial markets and institutions at the undergraduate, MBA, and PGDM levels.

The book provides a comprehensive understanding of the risks faced by investors, savers, financial institutions, and financial markets, along with strategies for controlling and managing financial risk. It covers important areas such as interest rates, security valuation, money markets, bond markets, stock markets, foreign exchange markets, derivatives, commercial banks, insurance companies, investment banks, pension funds, and other financial institutions.

Specially adapted for the Indian market, this 9th edition incorporates updated figures, policy actions, market developments, and changes in India’s financial landscape. It also introduces contemporary topics such as AI in Finance, FinTech, and the role of RBI, helping learners connect fundamental financial concepts with the rapidly evolving world of finance.

The book also emphasizes emerging and important areas such as asset securitization, globalization of financial services, regulation of financial institutions, and modern risk management. Analytical techniques and Excel-based problems further help students apply concepts and build a practical understanding of financial markets and institutions.