Millon Cornett Marcia | Saunders Anthony: Finacijska tržišta i institucije

Anthony Saunders, Marcia Millon Cornett: Financial Markets and Institutions

What are the risks faced by investors and savers interacting through financial markets and institutions, how can these risks be controlled and how can they be managed, read in the book "Financial Markets and Institutions: A Modern View", by Anthony Saunders and Marcia Millon Cornett. As one of the world's most authoritative textbooks in the field of financial markets, this title provides a unique analysis of the risks encountered by investors and savers interacting through financial institutions and financial markets. 

In the book «Financial Markets and Institutions: A Modern View», the authors explain in an analytically strict but understandable way the environment in which financial markets and institutions operate, the basic concepts and analytical techniques necessary for understanding and managing financial markets and risks, showing ways in which a modern financial manager, saver and investor can increase their profits with a certain level of risk management.

The book is divided into five main parts. The first part is an introduction to the text and an overview of financial markets and institutions. Different domestic and foreign financial markets are defined and special functions of financial institutions are described. Also, the way in which financial markets and institutions benefit from today's economy is analytically considered, and the authors provide insight into interest rates and how these interest rates are applied to the valuation of securities. Next, the Federal Reserve System is described and the way in which the monetary policy implemented by the Federal Reserve affects interest rates and, ultimately, the entire economy. The second part of the text provides an overview of the various securities markets. It describes each securities market, its participants, the types of securities traded on it, the trading process, and how changes in interest rates, inflation, and exchange rates affect the hedging decisions of financial institution managers. The third part summarizes the operations of depository institutions. The fourth part is an overview of the key characteristics and regulation of the main sectors of the US financial services industry. And finally, the fifth part concludes the text with a study of the risks faced by modern financial institutions and financial managers and different strategies for managing these risks.

< The book "Financial Markets and Institutions: A Modern View" is intended primarily for financial experts, then for everyone who deals with financial markets, managing financial institutions, or is interested in their functioning, and for students of educational programs in the field of finance and investments. 

Anthony Saunders is professor of finance and head of the Department of Finance at the Stern School of Business at New York University and the author of «Financial Institutions Management», «Credit Risk Measurement» and other books. Marcia Millon Cornett is a professor of finance at Southern Illinois University and co-author of two university textbooks.