Customer Reviews

Financial Markets and Institutions (5th Edition)

5 star:		(6)
4 star:		(5)
3 star:		(1)
2 star:		(3)
1 star:		(3)

 

 

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.

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.

Too many errors to be a useful text for a serious course in financial markets. Virtually ignores the market for mortgage backed securities. Ignores the interest on interest component of total return. Discussion of zeroes is muddled. Discussion of YTM is incomplete. Even the chapters on commercial banks and Fed policy contain the same old mistakes seen in most money and banking texts.

A very good introductory text, in the study of financial markets and institutions.provides the reader with very good core to build upon, in more advanced courses.

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!

Although this might be a perfect book for those looking for simplicity, I would not advise it to anybody with previous exposure to finance.
The book is a way too simple, and reveals huge ignorance on the markets outside the US.
I think the book is very much a benchmark to reveal ignorant finance - teachers.

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

I check 6th edition price and i tought it was better to order used one. i checked used books and i decided to order one but when i got my book i noticed that it is 5th edition but while i was ordering it, i did not see any explanation that it is 5th edition.so i have a class, i do not have i time for return to book. i paid more but i got older one.i recommend if you order book, contact your seller about its edition .

Product just as described in description..only a few highlights aside from that its practically new. Great bargain and fast shipping!

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