The third edition of Financial Markets and Institutions has been revised to match the organization of typical financial markets and institutions courses. The book continues to offer features that make it highly distinctive from other textbooks in this field. Other textbooks are almost entirely descriptive and so do not adequately prepare students either for jobs in the financial services industry or for successful interaction with financial institutions, whatever their jobs.



The book has been reorganized to follow the typical course outline of financial markets and institutions courses.