Capital Markets and Institutions – A Global Perspective (U.S. MBA Finance Series Textbooks): A Global Perspective

Author: Linda Allen
Publisher:
Publish Date: 2003-05-01
Features: This book can serve as both a foundational textbook in finance and a practical tutorial for MBA students, offering significant reference value for readers seeking in-depth study. It is an encyclopedic textbook on financial fundamentals, divided into two parts: Part I (Chapters 1-9) focuses on introducing various financial intermediaries, while Part II (Chapters 10-21) focuses on analyzing various financial markets. However, throughout the book, the two are consistently interconnected in the discussion. The author, Professor Linda Allen, consistently emphasizes that modern financial decisions are reflected in two core concepts: risk management and the intertemporal arrangement of cash flows, which are the fundamental functions of the financial system. To fulfill these functions, on one hand, financial intermediaries continuously provide and create financial instruments and technologies; on the other hand, these instruments and technologies are traded and promoted through markets.