Author: Peter Howells
- Trading books are a form of accounting ledger that contains records of all tradeable financial assets of a bank.
- Trading books are subject to gains and losses that affect the financial institution directly.
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With its clear and accessible style, Financial Markets and Institutions will help students make sense of the financial activity that is so widely and prominently reported in the media. Looking at the subject from the economist’s perspective, the book takes a practical, applied approach and theory is covered only where absolutely necessary in order to help students understand events as they happen in the real world. This fifth edition has been thoroughly updated to reflect the changes that have occurred in the financial system in recent years.
· New! Chapter 12 Financial Market Failure and Financial Crisis puts forward arguments concerning for example, the ability of small firms to borrow, the problems of financial exclusion and inadequate long-term saving and the tendency in financial markets to bubbles and crashes.
Up-to-date coverage of the role of central banks and the regulation of financial systems.
Focuses on UK and European financial activity, context and constraints.
Offers a wealth of statistical information to illustrate and support the text.
Frequent use of material from the Financial Times.
Regularly maintained and updated Companion Website containing valuable teaching and learning material.
Financial Markets and Institutions will be appropriate for a wide range of courses in money, banking and finance. Students taking financial markets and institutions courses as part of accounting, finance, economics and business studies degrees will find this book ideally suited to their needs. The book will also be suitable for professional courses in business, banking and finance.
Peter Howells – Financial Markets & Institutions (5th Ed.)
Peter Howells is Professor of Monetary Economics at the University of the West of England.