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Financial Institutions and Markets, 8th Edition | AU/NZ

Ben Hunt, Chris Terry

  • Copyright 2019
  • {{checkPublicationMessage('Published', '2018-10-30T00:00:00+0000')}}
Starting At $79.95 See pricing and ISBN options
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Financial Institutions and Markets 8th Edition by Ben Hunt/Chris Terry
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Overview

Financial Institutions and Markets focuses on the operation of Australia’s financial system. Thoroughly updated, this eighth edition retains the structure of the seventh edition, examining the financial system’s three main functions: settlement, flow-of-funds and risk transfer. The book provides a comprehensive and comprehensible integrated account of the activities of Australia’s financial institutions and markets – and their instruments – including the major capital and foreign exchange markets, and the markets for derivatives. This new edition is complemented by digital resources on the MindTap online platform - also enabling flipped delivery of the content, expanded learning objectives, and updated case studies and research to cover recent events such as Brexit.

Premium online teaching and learning tools are available to purchase on the MindTap platform

Learn more about the online tools cengage.com.au/learning-solutions

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Meet the Authors

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Ben Hunt

Ben Hunt is an Associate Professor in the School of Finance and Economics at University of Technology Sydney. He is currently the Associate Dean (Teaching and Learning) after serving as Head, Graduate School of Business and Director of the MBA program. Ben has degrees from Adelaide University, including a Master's thesis on the Sydney Futures Exchange, and a Doctorate from the Australian National University. His PhD focused on an examination of the determinants of Australian interest rates and exchange rates. He is widely regarded as an expert on risk management in the Asia-Pacific region and is a regular presenter for the Euromoney Institute of Finance.

Chris Terry

Chris Terry was awarded his doctorate from New York University in 1975, the year in which he joined the New South Wales Institute of Technology. He has taught a range of subjects, including Microeconomics, Public Finance and Capital Markets, and co-written four textbooks in the areas of Microeconomics, Microeconomic Policy, and Financial Markets as well as contributing many chapters to books in these fields. Chris was Head of the Economics Department from 1983 to 1986, Head of School from 1987 to 1989, Associate Dean (Postgraduate Programs and Research) from 1994 to 1995 and once again Head of School from 1997 to 2004. Chris retired from his permanent UTS post at the end of 2015 but continues to teach part-time at the university.

What's New

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  • Exclusive-to-MindTap FinMaths interactives and exercises
  • Chapter 1 now includes a discussion of financial system performance and a revised set of financial functions that reflects the heightened need for financial system stability
  • Chapter 2 introduces the new payments platform that was introduced in February 2018 and presents a discussion of other financial innovations
  • Chapter 5 now provides a more focused discussion of the sources and uses (especially housing loans) of funds by Australia’s banks
  • Chapter 6 provides a comprehensive overview of the latest international and national framework for the promotion of financial system stability
  • The presentation of the mathematical material throughout has been reorganised in a specially designed framework to more clearly display the calculations
  • All chapters have been updated to incorporate important recent developments and revised frameworks

Features

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  • New MindTap with unique features to help students self-master difficult concepts including locally created Financial Maths Interactives and video-based polling activities ‘Playing the Market’
  • Updated currency of existing cases studies, data and research to include contemporary topics like Bitcoin, Brexit and the US election
  • New 2-column layout implemented for all new financial maths content to more clearly display the calculations
  • Expanded Learning Objectives in response to feedback that this gives students a clearer understanding of the learning path ahead

Table of Contents

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1. Introduction to financial systems
2. The payments system
3. Introduction to direct financing
4. Funds management
5. Authorised deposit-taking institutions
6. Promoting financial-system stability
7. The money market
8. The bond market
9. Shares
10. The share market
11. Foreign exchange and global capital markets
12. Introduction to interest-rate risk management
13. Financial futures
14. Swaps
15. Exchange-traded options

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MindTap Options

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MindTap
Each MindTap product offers the full, mobile-ready textbook combined with superior and proven learning tools at one affordable price. Students who purchase digital access can add a print option at any time when a print option is available for their course.

This Cengage solution can be seamlessly integrated into most Learning Management Systems (Blackboard, Brightspace by D2L, Canvas, Moodle, and more) but does require a different ISBN for access codes. Please work with your Cengage Learning Consultant to ensure the proper course set up and ordering information. For additional information, please visit the LMS Integration site.

Standalone Digital Access — Ultimate Value

Recommended and most popular

  • ISBN-10: 017043673X
  • ISBN-13: 9780170436731
  • RETAIL $89.95
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Textbook Only Options

Traditional eBook and Print Options

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  • ISBN-10: 0170293300
  • ISBN-13: 9780170293303
  • RETAIL $79.95

  • ISBN-10: 0170411850
  • ISBN-13: 9780170411851
  • RETAIL $154.95

  • ISBN-10: 0170286975
  • ISBN-13: 9780170286978
  • RETAIL $174.95
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Students: Buy now

Supplements

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Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.

FOR STUDENTS

MindTap for Hunt/Terry's Financial Institutions and Markets, 2-term Instant Access

ISBN: 9780170436731
Premium online teaching and learning tools are available on the MindTap platform - the personalised eLearning solution. MindTap is a flexible and easy-to-use platform that helps build student confidence and gives you a clear picture of their progress. We partner with you to ease the transition to digital – we’re with you every step of the way. MindTap for Hunt/Terry's Financial Institutions and Markets is full of innovative resources to support critical thinking, and help your students move from memorisation to mastery! Includes: - Hunt/Terry's Financial Institutions and Markets eBook - FinMaths Check quizzes, 'Playing the Market' videos and the Fill-in-the-Blanks Activity MindTap is a premium purchasable eLearning tool. Contact your Cengage learning consultant to find out how MindTap can transform your course.