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FOUNDATIONS OF FINANCIAL MARKETS AND INSTITUTIONS: INTERNATIONAL EDITION

In a market economy, the allocation of economic resources is the outcome of many In private decisions. Prices are the signals operating in a market economy that direct economic resources to their best use. The types of markets in an economy can be divided into (1) the market for products (manufactured goods and services), called the product market, and (2) the market for the factors of production (labor and capi- tal), called the factor market.

Our purpose in this book is to focus on one part of the factor market, the market for financial assets, or, more simply, the financial market. In this chapter we will look at the role of financial markets, the "things" that are traded (i.e., bought and sold) in financial markets, and the reasons for the integration of world financial markets.

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Detail Information
Series Title
-
Statement of Responsibility
Call Number
332.1 FAB f 3rd
Publisher
New Jersey : Pearson.,
Collation
xxiii, 663 p. : ill ; 25cm.
Language
English
ISBN/ISSN
0-13-122734-3
Classification
332.1
Content Type
-
Edition
3rd. ed.
Subject(s)
Buku Wajib
Finance
Financial Market
Specific Detail Info
-
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