|
|
|
New To This Edition
1.A new Chapter 16, What Should We Do About Conflicts of Interest in the Financial Services Industry?, discusses the origins of conflicts of interest, addresses the growing concern about conflicts of interest, and provides a survey of the different types of conflicts of interest in the financial services industry and discusses policies to remedy them. New Conflicts of Interest boxes throughout the text deal with conflicts of interest.
2.There is now expanded coverage of the mutual fund industry including a new Chapter 21, The Mutual Fund Industry, that responds to increased student interest and goes beyond the scandals and headlines.
3.Expanded coverage of the money, bond and stock markets.
4.Extensive discussion of recent accounting and corporate scandals and their impact on financial markets (Chapters 5, 11, 16).
5.New section on behavioral finance, applies concepts from other social sciences like anthropology, sociology and particularly psychology to understand the behavior of securities prices (Chapter 6).
6.New material on Federal Reserve transparency (Chapter 7).
7.New discussion of the changing administration of the discount window by the federal reserve and an updated discussion of the market for reserves (Chapter 8).
8.Perspective on the growing concerns about Fannie Mae and Freddie Mac (Chapter 12).
9.Increased international coverage with new text sections, studies, and Global boxes.
