Description: Presents the process of financial intermediation as a broad theme that extends beyond the nature and purpose of financial intermediaries to include their influence over the financial instruments and markets in which they operate. Modern Financial Intermediaries and Markets integrates diverse topics under a running theme to provide extensive coverage of the modern functions of financial institutions such as off-balance-sheet activities, securitization, and financial derivatives. The book presents real-world examples and problems within a modern, global perspective. A valuable book for any professional who needs to understand more about global financial markets and institutions or bank management.

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