Financial Markets and Institutions
A European Perspective

Provides fresh analysis of the European financial system for undergraduate and graduate students of finance, economics and business.

Jakob de Haan (Author), Dirk Schoenmaker (Author), Peter Wierts (Author)

9781108494113, Cambridge University Press

Hardback, published 30 April 2020

518 pages
25.3 x 17.8 x 2.7 cm, 1.15 kg

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 international coverage, with greater emphasis on comparisons with countries outside the European Union, including the United States, China and Japan.

Part I. Setting the Stage: 1. Functions of the financial system
2. Financial crises
3. European financial integration: origins and history
4. Monetary policy of the European Central Bank
Part II. Financial Markets: 5. European financial markets
6. The economics of financial integration
7. Financial infrastructures
8. Financial innovation
Part III. Financial Institutions: 9. The role of institutional investors
10. European banks
11. European insurers and financial conglomerates
Part IV. Policies for the Financial Sector: 12. Financial regulation and supervision
13. Financial stability
14. European competition policy
Index.

Subject Areas: Banking [KFFK], Finance [KFF], Economic & financial crises & disasters [KCX], Monetary economics [KCBM], Economics, finance, business & management [K], EU & European institutions [JPSN2]