Contemporary Finance: Money, Risk, and Public Policy

Contemporary Financial Markets and Institutions is a comprehensive finance textbook that covers essential models and practices, and how the financial world works now. It provides an overview of basic finance theory, discusses markets and institutions, and the central bank and government policies that influence them. It also covers advanced credit topics like securitization in a straightforward, succinct way, without advanced mathematics, but with detailed examples using real market data. The book is suitable for use by undergraduate and graduate students, and by practitioners of all backgrounds, and includes abundant pedagogical resources in the book and online.

Format: Hardback
Length: 432 pages
Publication date: 11 November 2024
Publisher: John Wiley & Sons Inc

Contemporary Financial Markets and Institutions: Tools and Techniques to Manage Risk and Uncertainty is a comprehensive and accessible introduction to finance for professionals and students. It covers the fundamental finance theory required to understand the contemporary financial world and builds on it to present finance in a detailed yet comprehensible way. The book begins with an overview of basic finance theory, including investments, asset return behavior, derivatives pricing, and credit risk. It discusses topics that have dominated markets in recent decades, such as extreme events, liquidity, currency and debt crises, and radical changes in monetary policy and regulation. The concepts are presented alongside examples, strange market episodes, and data from recent experience. Contemporary Financial Markets and Institutions covers advanced credit topics like securitization in a straightforward, succinct way, without advanced mathematics, but with detailed examples using real market data. It integrates financial and macroeconomic content seamlessly. The book is suitable for use by undergraduate and graduate students, and by practitioners of all backgrounds. Abundant pedagogical resources in the book and online facilitate teaching. This book will help students and practitioners: Learn the basic concepts and models in finance, including investment, asset pricing, uncertainty and risk, monetary policy and the regulatory system Explore recent developments, from the expansion of central banks to the chaos in commercial banking to changes in financial technology, that have shaped the financial landscape Understand the role of financial institutions and markets in shaping economic outcomes and policy decisions Apply financial analysis and decision-making skills to real-world situations This book is an essential resource for anyone interested in finance and its impact on the world.

Weight: 992g
Dimension: 187 x 263 x 31 (mm)
ISBN-13: 9781394179626