Financial Systems: Principles and Organization

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As the world's financial markets become increasingly integrated and competitive, this book offers an explanation of how and why change occurs.
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Editorial Reviews

Intended as a guide to using theory to analyze financial system activity, for economics or business students who are already familiar with the basic ideas of financial theory and practice. Coverage includes explanation of current controversies such as derivatives and risk management in financial trading; an international overview including the US, Pacific Asia, and Europe; and explanations of the economic principles involved. The author is professor of finance at Queen's University, Ontario and is an honorary Fellow of the Institute of Canadian Bankers. Annotation c. by Book News, Inc., Portland, Or.
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Product Details

  • ISBN-13: 9780415110563
  • Publisher: Taylor & Francis
  • Publication date: 5/26/1998
  • Pages: 424
  • Lexile: 1590L (what's this?)
  • Product dimensions: 6.14 (w) x 9.21 (h) x 0.94 (d)

Table of Contents

List of figures
List of tables
1 Introduction 3
2 Roles and clients 9
3 Financial system organisation 25
4 Change 40
5 Financial systems: an empirical overview 51
6 Principles of asset pricing 69
7 Dividing and pricing risks 94
8 Financial governance 119
9 Portfolio governance 135
10 Deals' terms 156
11 Market trading and intermediation 170
12 Domestic financial markets 189
13 Markets for risk trading 213
14 International financial markets 235
15 Principles of intermediation 259
16 Domestic intermediation 279
17 International intermediation 296
18 Government financial activity 311
19 Supervision 322
20 Toward the future 335
Appendix: solutions to exercises 346
Glossary 378
Notes 386
References 397
Index 402
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