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Modern Financial Markets & Institutions

Modern Financial Markets & Institutions

a practical perspective

Glen Arnold

Dec 2011, Paperback, 792 pages
ISBN13: 9780273730354
ISBN10: 0273730355
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Modern Financial Markets and Institutions provides a comprehensive and authoritative introduction to the workings of modern financial systems, the efficiency of money markets and the role of investment bankers, illustrating how they impact our everyday lives.

By drawing on numerous real-world examples, this text is essential reading for students of banking, finance, investment, business studies and economics. It will be invaluable for those looking to entering banking, insurance, fund management and other financial services industries.

“The practical perspective is perfect for business students wishing to understand the financial sector and how it works. Arnold again, as with his other books, has done a great job here. This is a book I have been waiting for some time.”

Mr Jim Keane - Gloucester Business School
University of Gloucestershire, Cheltenham, UK

“Excellent analysis and clear explanations.”

Ms. Nirmala Lee - Dept Of Accounting/Finance
LondonMet (Guild) University, London, UK

Brief contents

Introduction to the book
Guided tour
Acknowledgements page
Introduction to the book

1 The value of the financial system

2 Banking: retail and corporate

3 Investment banking and other banking

4 Insurance, pensions and collective investments

5 Money markets

6 Bond markets

7 Central banking

8 Equity markets

9 Raising share capital

10 Futures markets

11 Options and swaps

12 Foreign exchange markets

13 Trade, shipping, commodities and gold

14 Hedge funds and private equity

15 Regulation of the financial sector

16 The financial crisis


  • Clear, accessible writing style that allows rapid understanding of the importance of each of the markets – from foreign exchange and derivatives to bonds and banking.
  • Plentiful real-world case studies from multinational companies, with original press cuttings and tables from the Financial Times create an applied and practical approach.
  • An international perspective, using comparative examples from financial systems across the world
  • Analysis of the impact of the financial crisis on the workings of the financial markets
  • Questions, problems and assignments to practise your learning

Glen Arnold is a businessman, investor and professor of investment at the University of Salford. He is the author of numerous finance and investing books including the best-sellers, Corporate Financial Management, The Great Investors and The Financial Times Guide to Investing, all published by Financial Times/Prentice Hall