Financial Markets and Institutions:A European Perspective

by: Jakob de Haan (Author),Dirk Schoenmaker(Author),Peter Wierts(Author)&0more

Publisher: Cambridge University Press

Publication Date: 30 April 2020

Language: English

Print Length: 518 pages

ISBN-10: 1108494110

ISBN-13: 9781108494113

Book Description

Written for undergraduate and graduate students of finance, economics and business, the fourth edition of Financial Markets and Institutions provides a fresh analysis of the European financial system. Combining theory, data and policy, this successful textbook examines and explains financial markets, financial infrastructures, financial institutions, and the challenges of financial supervision and competition policy. The fourth edition features not only greater discussion of the financial and euro crises and post-crisis reforms, but also new market developments like FinTech, blockchain, cryptocurrencies and shadow banking. On the policy side, new material covers unconventional monetary policies, the Banking Union, the Capital Markets Union, Brexit, the Basel III capital adequacy framework for banking supervision and macroprudential policies. The new edition also features wider inteational coverage, with greater emphasis on comparisons with countries outside the European Union, including the United States, China and Japan.