ИПИ Библиотека

Money and Capital Markets presents a comprehensive, descriptive analysis of the entire financial system and its components parts with an expanded discussion in nearly every chapter at the trend toward globalization at Financial markets and institutions. He aquaints the reader with all major types of financial institutions and provides a thorough grounding in interest rate and security price determination. This book is used primarily in upper-level undergraduate courses in money and capital markets, financial institutions, and financial institutions and markets. It is also used in the above courses at the MBA level, as well as financially oriented money and banking courses due to the coverage of the federal reserve.

Functions and Roles of the Financial System in the Global Economy

Chapter Summary

The opening chapter of Money and Capital Markets presents us with an introduction to the global financial system in which the money and capital markets play central roles. It also highlights the principal institutions that shape the character and functioning of the world’s financial marketplace. The chapter’s clear emphasis is on the roles and functions performed by the financial system to make our daily lives better, more enjoyable, and more personally and professionally rewarding.

Peter S. Rose

Peter S. Rose is Professor Emeritus in Finance from Texas A&M University where he taught and conducted research for approximately 30 years and held the Blocker Chair of Business Administration until his recent retirement. Before his career at A&M he served as a financial economist with the Federal Reserve System.