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Accessible, thoroughly up to date, and pedagogically rich, Saunders and Cornett’s Financial Markets and Institutions 3/e fits perfectly into the newest segment of the markets and institutions course area. Beginning with ten chapters on markets, the student is able to create a solid microeconomics focus while still building on the risk management/risk measurement framework. International coverage has been provided throughout the text and exceptional illustrations and examples make even the most difficult concepts, like derivatives, easy to learn. Special emphasis is put on new areas of operations in financial markets and institutions such as asset securitization, off-balance-sheet activities, and globalization of financial services

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