Customer Reviews

Financial Markets And Institutions + SAndP card + Ethics in Finance Powerweb

5 star:		(0)
4 star:		(1)
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1 star:		(0)

 

 

If anything, this book is only good for learning about financial institutions not covered in other intro finance books--extensive information on mortgage markets, the federal reserve, commercial banks, etc.

The authors' explanations of financial calculations are obscure (obsessive use of subscripts and acronyms). Paragraphs are often wordy.

For financial math, I would recommend:

Brealey, Myers, and Marcus for corporate finance principles
Bodie, Kane, and Marcus (not as good as Brealey, but still good) for investment principles
Madura for foreign exchange principles

Our school told us to buy this book because supposedly it is a solid text. I'm warning everyone not to buy this book. This book is riddled with errors, and the answer key given is often wrong as well. Poor quality editing, for example, sometimes the book tells you to refer to something, but its the wrong table, or they add a certain element to a practice problem, but they refer to the wrong one. NOT worth 150 bucks.

This is the best text book for financial institutions as it gives great overview and not so technical. I believe that this particular edition is much easier to read compare to the latest one.