Financial Markets & Institutions + S&P card + Ethics in Finance Powerweb

Financial Markets & Institutions + S&P card + Ethics in Finance Powerweb | Anthony Saunders, Marcia Millon Cornett | Horrible Book

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Financial Markets ...

	Financial Markets & Institutions + S&P card + Ethics in Finance Powerweb Anthony Saunders, Marcia Millon Cornett McGraw-Hill/Irwin, 2005 - 696 pages average customer review:based on 2 reviews view larger image
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Financial Markets and Institutions, 3/e offers a unique analysis of the risks faced by investors and savers interacting through financial institutions and financial markets, as well as strategies that can be adopted for controlling and managing risks. The third edition further strengthens the book's risk management approach with expanded discussions of ethics, new technology integration, and much more!

Not a good intro book

If anything, this book is only good for learning about financial institutions not covered in other intro finance books--extensive information on mortgage markets, the federal reserve, commercial banks, etc.

The authors' explanations of financial calculations are obscure (obsessive use of subscripts and acronyms). Paragraphs are often wordy.

For financial math, I would recommend:

Brealey, Myers, and Marcus for corporate finance principles
Bodie, Kane, and Marcus (not as good as Brealey, but still good) for investment principles
Madura for foreign exchange principles

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Horrible Book

Our school told us to buy this book because supposedly it is a solid text. I'm warning everyone not to buy this book. This book is riddled with errors, and the answer key given is often wrong as well. Poor quality editing, for example, sometimes the book tells you to refer to something, but its the wrong table, or they add a certain element to a practice problem, but they refer to the wrong one. NOT worth 150 bucks.

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