Money and Capital Markets


  • Format: PDF
  • Pages: 839
  • Published Date: 2008


Money and Capital Markets provides a thorough and comprehensive view of the whole financial system. All the major types of financial institutions and financial instruments present today are discussed, along with how and why the system of money and capital markets is changing. Money and Capital Markets also provides a descriptive explanation of how interest rates and security values are determined. It discusses the current and future trends of the globalization of financial markets, the ongoing consolidation of the financial institutions’ sector, and recent efforts to protect consumer privacy in the financial services field.


The money and capital markets and the financial system that surrounds them are an exciting and important area for study. What goes on every day in the financial mar-ketplace has a powerful effect on our lives. Indeed, our ability to function as human beings and as professionals in our chosen fields is shaped in so many different ways by the functioning of the global financial system. Moreover, the money and capital markets are constantly changing. Broad changes are constantly in motion, leading to the rise of new financial institutions, new financial methods, new problems to solve, and new financial services.

The rapidity of change that characterizes our financial system today gives us no choice but to work vigilantly to keep up with our unfolding financial world. Reading this book will get you started, but it cannot be the end of the road. A great American poet, Robert Frost, once declared that we “cannot stop here” for we have “promises to keep” and “miles to go before we sleep.” For the sake of your own future success, per-sonally and professionally, plan to enjoy what you discover in the pages that follow, but view this book as only the first step in what must be a lifetime journey of learning about the financial system and its effects on our everyday existence.

As you tackle each new chapter and section of Money and Capital Markets: Financial Institutions and Instruments in a Global Marketplace set your sights on true mastery of the subject. Make the most of the time you spend with this text. Plan for success and hit your target with determination and well-organized study techniques. How can you do this? How can you learn what you need to know in today’s complex financial world?


  • The Global Financial System in Perspective
  • Interest Rates and the Prices of Financial Assets
  • The Money Market and Central Banking
  • Financial Institutions: Organization, Activities, and Regulation
  • Governments and Businesses in the Financial Markets
  • Consumers in the Financial Markets
  • The International Financial System