Financial Markets and Institutions

With basically same content except updated data, this book saves more money than newer edition.

Easy to order and recieved it very quickly. This edition is the same as the 6th edition and MUCH cheaper.

This book is not an advanced book on financial markets, but it is a good introductory book. I use this book for my undergraduate teaching. Both I and students are happy about the coverage of the book. It is well organized and well written. Improvements will be valuable in the derivatives markets and risk management areas.

I've used some version of this book for many years now, and I've seen it evolve. I think, as other reviewers have said, that there are some simplified portions of the book, especially those parts dealing with monetary economics. There are other portions which lay out the principles as only these authors can, and those parts are extremely helpful and valuable. This book allows me to teach my notes and thoughts with a textbook serving as a reference and an introduction -- it doesn't get in my way, in other words. I use it along with several other texts, and I think it gets the job done. Students seem to like it as well, mainly for its clarity. For someone wanting to learn the basics, this is an excellent choice.

I have never found such a made easy finance text like this before!A lot of long and hard to understand topics in other textbooks are simplified in plain English.It is excellent whenever you are puzzled with the topics like Efficient Market Theory and Interest Term Structures in other books and you need a clear understanding!