Financial Markets, Institutions and Money, 3rd Edition

ISBN: 9781118384114

In Financial Markets, Institutions and Money, 3rd Edition, you will discover exactly how the participants within the financial system interrelate. This textbook also examines topical subject matter, including the state of the financial system after the global financial crisis. The role of the Reserve Bank of Australia in managing monetary policy during the crisis is reviewed. This text will help you to develop a firm understanding of finance that will assist you throughout your studies and beyond.


  • Provides an overview of the financial system and how it permits the allocation of funds throughout the economy.
  • Considers the global financial crisis, the risk it posed to financial system stability and its impact on financial market participants.
  • Discusses the types of financial institutions and markets and the benefits they provide to the economy as well as the risks they face: interest rate, credit, liquidity, foreign exchange and political risk.
David S. Kidwell
University of Minnesota

Mark Brimble is an associate professor in finance in the Department of Accounting, Finance and Economics at Griffith Business School. He has a PhD in capital markets and has active research interests in financial markets, sustainable finance, personal finance and finance education. He also has publications in various national and international journals, along with a number of years’ experience in teaching and learning leadership roles.

Liam Lenten is a senior lecturer in the School of Economics and Finance at La Trobe University, where he has been since 1997. Liam has been teaching financial markets, institutions and instruments at La Trobe since 2000 and in 2005 Liam completed his PhD which centred on exchange rate determination models, macroeconomic cycles and forecasting.

Paul Docherty is a senior lecturer in the Newcastle Business School at the University of Newcastle, where he has been a member of faculty since 2007. Paul’s research interests lie in empirical finance and capital markets, focusing primarily on asset pricing. His research has been published in various national and international journals.

Paul Mazzola is a lecturer in banking and finance in the Faculty of Business at the University of Wollongong. Before he joined the university, Paul had a career in banking, spanning over 20 years covering the Australian, European and Asian-Pacific markets holding senior executive and regional management positions. His research interests include banking and financial markets, risk management, and banking history.

Anup Basu is a senior lecturer and finance major subject area coordinator at Queensland University of Technology. Prior to joining academia, he served in management positions with large banking and financial services organisations in India and the United States for more than eight years. Anup’s research has been published in renowned peer-reviewed journals and covered by international media including the Financial Times.

1. Overview
2. The monetary authorities
3. The Reserve Bank of Australia and interest rates
4. The level of interest rates
5. Financial mathematics
6. Bond prices and interest rate risk
7. The structure of interest rates
8. Money markets
9. Bond markets
10. Equity markets
11. Derivatives markets
12. Foreign exchange markets
13. Regulation of financial institutions
14. Commercial bank operations
15. Nonbank financial institutions
16. International banking
17. Insurance, investment companies and superannuation
18. Investment banking and venture capital
19. Sustainability and the finance sector
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E-Text: 9781118506042
Textbook: 9781118384114