A core text for one semester courses in Financial Institutions and Markets. Â A comprehensive exploration of the world's financial markets and institutions. Â Foundations of Financial Markets and Institutions, offers a comprehensive exploration of the revolutionary developments occurring in the world's financial markets and institutions ?i.e., innovation, globalization, and deregulation?with a focus on the actual practices of financial institutions, investors, and financial instruments. Â This fourth edition incorporates and addresses the vast amount of changes that have recently occurred in financial institutions and markets around the world. Â