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Saunders Fin Mkts & Inst 3e
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Student Edition
Instructor Edition
Financial Markets and Institutions: An Introduction to the Risk Management Approach, 3/e

Anthony Saunders, New York University
Marcia Millon Cornett, Southern Illinois University–Carbondale

ISBN: 0073041696
Copyright year: 2007

About the Authors



Anthony Saunders

Anthony Saunders is the John M. Schiff Professor of Finance and Chair of the Department of Finance at the Stern School of Business at New York University. Professor Saunders received his Ph.D. from the London School of Economics and has taught both undergraduate and graduate level courses at NYU since 1978. Throughout his academic career, his teaching and research have specialized in financial institutions and international banking. He has served as a visiting professor all over the world, including INSEAD, the Stockholm School of Economics, and the University of Melbourne.

Professor Saunders holds positions on the Board of Academic Consultants of the Federal Reserve Board of Governors as well as the Council of Research Advisors for the Federal National Mortgage Association. In addition, Dr. Saunders has acted as a visiting scholar at the comptroller of the Currency and at the International Monetary Fund. He is editor of the Journal of Banking and Finance and the Journal of Financial Markets, Instruments and Institutions, as well as the associate editor of eight other journals, including Financial Management and the Journal of Money, Credit and Banking. His research has been published in all of the major money and banking journals and in several books. He has published a new edition of his textbook, Financial Institutions Management: A Risk Management Approach with Marcia Millon Cornett (fifth edition) for McGraw-Hill/Irwin. Professor Saunders was ranked the 16th most prolific author out of over 5,800 that have published in the seven leading finance academic journals from 1953-2002 and 1st in the top 16 journals.

Marcia Millon Cornett

Marcia Millon Cornett is the Rehn Professor of Business at Southern Illinois University at Carbondale. She received her B.S. degree in Economics from Knox College in Galesburg, Illinois and her M.B.A. and Ph.D. degrees in Finance from Indiana University in Bloomington, Indiana. Dr. Cornett has written and published several articles in the areas of bank performance, bank regulation, corporate finance, and investments. Articles authored by Dr. Cornett have appeared in such academic journals as the Journal of Finance, the Journal of Money, Credit, and Banking, the Journal of Financial Economics, Financial Management, and the Journal of Banking and Finance. Dr. Cornett also has co-authored two textbooks with Dr. Anthony Saunders of New York University; Financial Institutions Management, fifth edition (McGraw-Hill/Irwin, 2006); and Financial Markets and Institutions, third edition (McGraw-Hill/Irwin, 2007).

She served as a guest editor for the Review of Financial Economics special issue in January 2004 on Commercial Banks: Performance, Regulation, and Market Value. She served as an Associate Editor of Financial Management and is currently an Associate Editor for the Journal of Banking and Finance, Journal of Financial Services Research, Financial Review, FMA Online, the Review of Financial Economics, and Multinational Finance Journal. Dr. Cornett was listed as the 320th most prolific finance author out of over 5,800 that have published in the seven leading finance academic journals from 1953-2002. Dr. Cornett is currently a member of the Board of Directors and the Finance Committee of the Southern Illinois University Credit Union. Dr. Cornett has also taught at the University of Colorado, Boston College and Southern Methodist University. She is a member of the Financial Management Association, the American Finance Association, and the Western Finance Association.

Financial Markets and Institutions

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