1. 1 The value of the financial system
2. 2 Banking: retail and corporate
3. 3 Investment banking and other banking
4. 4 Insurance, pensions and collective investments
5. 5 Money markets
6. 6 Bond markets
7. 7 Central banking
8. 8 Equity markets
9. 9 Raising share capital
10. 10 Futures markets
11. 11 Options and swaps
12. 12 Foreign exchange markets
13. 13 Trade, shipping, commodities and gold
14. 14 Hedge funds and private equity
15. 15 Regulation of the financial sector
16. 16 The financial crisis

Glen Arnold provides a fascinating insight into the world of financial markets and institutions. In these turbulent times, following the financial crisis of 2008, it has become clear that financial markets and institutions have a crucial role to play in the economic well-being of our society.

Modern Financial Markets and Institutions  provides a comprehensive and authoritative introduction to the workings of modern financial systems, and how they impact on our everyday lives, from the efficiency of the money markets to the role of investment bankers. By drawing on numerous real-world examples, this text gives an in-depth and up-to-date account of the different mechanisms at play within financial markets and institutions today.

Key features:

• The importance of each of the markets – from foreign exchange and derivatives to bonds and banking – is conveyed in a clear, accessible style to allow rapid  understanding
• An applied and practical approach, with plentiful real-world case studies from multinational companies, including original press cuttings and tables from the Financial Times
• An international perspective, using comparative examples from financial systems across the world
• The impact of the financial crisis on the workings of the financial markets illustrating their dynamism and relevance is outlined
• Additional questions, problems and assignments to practise your learning

You can visit the companion website for this book at www.pearsoned.co.uk/arnold where you will find a test bank of questions, an Instructor’s Manual and downloadable PowerPoint slides,

Essential reading for students of banking, finance, investment, business studies and economics, this book will be invaluablefor those entering banking, insurance, fund management and other financial services industries.

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.

‘For anyone wishing to work in the financial industry, this textbook provides an up-to-date and comprehensive coverage of how the modern financial markets operate.’– Ken Hori, University of London

‘Modern Financial Markets and Institutions provides students with a broad yet firm understanding of a wide range of topics within financial markets and institutions. Its key strengths are the current and topical examples used throughout the book and the clear explanations of technical aspects. An excellent resource for students of banking and finance.’- Hui-Fai Shing, Royal Holloway University

• 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