Financial markets finance much of the expenditures by corporations governments and individuals Financial institutions are the key intermediaries in financial markets because they transfer funds from savers to the individuals firms or government agencies that need funds Financial Markets and Institutions 11th Edition describes financial markets and the financial institutions that serve those markets It provides a conceptual framework that can be used to understand why markets exist Each type of financial market is described with a focus on the securities that are traded and the participation by financial institutions Today many financial institutions offer all types of financial services such as banking securities services mutual fund services and insurance services Each type of financial service is unique however Therefore the discussion of financial services in this book is organized by type of financial service that can be offered by financial institutions Since the credit crisis regulatory actions have been taken to prevent another crisis in the future Accordingly this text gives special attention to the impact of financial reform on each type of financial market and financial institution Financial markets finance much of the expenditures by corporations governments and individuals Financial institutions are the key intermediaries in financial markets because they transfer funds from savers to the individuals firms or government agencies that need funds Financial Markets and Institutions 11th Edition describes financial markets and the financial institutions that ...serve those markets It provides a conceptual framework that can be used to understand why markets exist Each type of financial market is described with a focus on the securities that are traded and the participation by financial institutions Today many financial institutions offer all types of financial services such as banking securities services mutual fund services and insurance services Each type of financial service is unique however Therefore the discussion of financial services in this book is organized by type of financial service that can be offered by financial institutions Since the credit crisis regulatory actions have been taken to prevent another crisis in the future Accordingly this text gives special attention to the impact of financial reform on each type of financial market and financial institution