With the financial sector experiencing an unprecedented boom, primarily due to factors such as liberalisation, globalisation and consumer spending, the subject of this book has become more important than ever before. The book compresses in a single volume the gamut of financial markets, institutions and financial services.

It is divided into three parts. Part I, on financial markets, deals with global money markets, and primary and secondary markets. It also covers stock exchanges and their trade mechanisms, foreign exchanges, capital markets and their regulations. Part II, on financial institutions, covers diverse banking and non-banking institutions and their legislation. Part III, covering financial services, discusses financial services, including mutual funds, lease financing, securitisation, and credit and debit cards.

Key features:

• Comprehensively analyses in a single volume, the working of the three pillars of the financial system - financial markets, financial institutions, and financial services.
• Includes the latest financial data and related information on the subject.
• Provides tables and diagrams to illustrate concepts, and questions to test comprehension.

Intended primarily as a text for undergraduate and postgraduate students of commerce, this text will also be useful for postgraduate students of management and economics. In addition, it can act as a reference for chartered accountants.