000 02760nam a2200325 a 4500
999 _c28524
_d28524
001 63369
020 _a978-1118384114
082 _a332.0994 KI FI
100 _aKidwell, David S.
_98625
245 1 0 _aFinancial markets, institutions and money
_cDavid S Kidwell ... [et al.]
246 3 _aFinancial markets, institutions and money
250 _a3rd ed.
260 _aMilton, Qld :
_bJohn Wiley & Sons Australia,
_cc2015.
300 _axx, 841 p. :
_bill. ;
_c28 cm.
500 _aIncludes bibliographical references and index.
520 _aThe financial system is a key influencer of the health and efficiency of an economy. The role of the financial system is to gather money from people and businesses that currently have more money than they need and transfer it to those that can use it for either business or consumer expenditures. This flow of funds through financial markets and institutions in the Australian economy is huge (in the billions of dollars), affecting business profits, the rate of inflation, interest rates and the production of goods and services. In general, the larger the flow of funds and the more efficient the financial system, the greater the economic output and welfare in the economy. It is not possible to have a modern, complex economy such as that in Australia, without an efficient and sound financial system. The global financial crisis (GFC) of late 2007 09 (and the ensuing European debt crisis), where the global financial market was on the brink of collapse with only significant government intervention stopping a catastrophic global failure of the market, illustrated the importance of the financial system. Financial Markets, Institutions and Money 3rd edition introduces students to the financial system, its operations, and participants. The text offers a fresh, succinct analysis of the financial markets and discusses how the many participants in the financial system interrelate. This includes coverage of regulators, regulations and the role of the Reserve Bank of Australia, that ensure the system s smooth running, which is essential to a modern economy. The text has been significantly revised to take into account changes in the financial world.
526 0 _aFIN111 FIN958
650 7 _aFinancial institutions
_zAustralia
_948255
650 7 _aMoney market
_zAustralia
_948257
650 7 _aSecurities
_xAustralia
_910695
700 _aBrimble, Mark
_936092
700 _aBasu, Anup
_936095
700 _aLenten, Liam
_948258
700 _aThomson, Dianne
_948259
700 _aBlackwell, David W.
_98836
700 _aPeterson, Richard L.
_948260
700 _aWhidbee, David A.
_98837
856 _uhttps://uowd.box.com/s/m3zymdaw72zd8cse7kk910rrv07x9fih
_zLocation Map
942 _c3DAY
_2ddc