A core text for one semester courses in Financial Institutions and Markets. A comprehensive exploration of the worlds financial markets and institutions. Foundations of Financial Markets and Institutions, offers a comprehensive exploration of the revoluti
Preface 1 Introduction 2 Financial Institutions, Financial Intermediaries, and Asset Management Firms 3 Depository Institutions: Activities and Characteristics 4 The U.S. Federal Reserve and the Creation of Money 5 Monetary Policy in the United