'The third edition of Keith Pilbeam's 'Finance and Financial Markets' will be welcomed by all of us struggling to introduce students to the recent operation and collapse of financial markets. It explains the major financial assets clearly, outlining their main technical features in an accessible way while leaving a smooth path for more advanced treatment. There are very welcome chapters on 'Financial Innovation and the Credit Crunch' and 'Regulation of the Financial Sector'. The layout is clear and the style easy to read. I suspect it will become the standard text for introductory courses in this area.' - Martin Hoskins, Lecturer, University of Leicester, UK 'Comprehensive, student-friendly text ... provides a terrific introduction for students on economics, finance and business programmes.' - John Goddard, Professor of Financial Economics, Bangor University, UK 'Pilbeam has created a comprehensive textbook that will skillfully guide students through the essential building blocks of modern finance. Beginners' appetite for numerical examples and graphical demonstrations will certainly find satisfaction here. Given its well-proportioned balance between intuitive thinking and analytical rigor, the author's work will also prove to be a precious reference book for more advanced students.' - Gabriele M. Lepori, Assistant Professor, Department of Finance, Copenhagen Business School, DK 'An excellent intermediate to postgraduate level text, exploring the differences across the main financial centres of the world and utilising innovative examples and real-world tables and figures. This helps to bring alive many difficult financial theories to the non-mathematical financial specialist. This text approach offers a readable way to understand the complexities behind the current financial crisis by explaining different financial instruments and its timeline of the world-wide credit crunch.' - Richard Simper, Senior Lecturer in Economics, Loughborough University, UK 'This book provides financial services students, in a concise manner, an easily understandable review of financial institutions and markets, and helps to create awareness in students of the potential impact of financial innovation through being updated in light of the Credit Crunch.' - Claire McCann, Lecturer in Finance, University of Ulster, NI 'This book provides an excellent introduction to the role and operation of financial markets, instruments and institutions. It is written in a clear and accessible style, with plenty of illustrative diagrams and worked examples. Given its comprehensive and up to date coverage of the subject area, I have no hesitation in recommending this book.' - Jackie Harvey, Professor of Financial Management, Risk and Performance, Department of Accounting and Financial Management, Newcastle Business School, UK 'A superb blend of theory, recent practical examples and data analysis allowing students to gain a thorough understanding of the workings of financial markets and of financial instruments amongst various financial issues. It presents an outstanding and unique review of the recent credit crunch with valuable insights and considerable details of its causes and impacts. Students will benefit by working through the challenging questions at the end of each chapter.' - Jassodra Maharaj, Senior Lecturer in Economics, Royal Docks Business School, University of East London, UK Praise for the previous edition: 'Provides a relatively non-technical but comprehensive survey of financial markets and institutions, and is updated with discussion of the many developments since the well-received first edition. Accessible to both students and practitioners, it is a welcome addition to the literature on this subject.' - John Thompson, Emeritus Professor of Finance, Liverpool John Moores University, UK 'Will provide business and finance students with a firm understanding of financial markets, a strong grounding in financial methods and a basis for continued study in finance.' - Dr Everton Dockery, Senior Lecturer in Finance, University of Portsmouth, UK 'Finance and Financial Markets is designed to provide an introduction to those unfamiliar with the workings of financial markets. An added advantage is that the book is generally light on Mathematics... each chapter suggests further reading and includes both a multiple-choice quiz and short-answer questions. I liked the format for these end-of-chapter exercises given the growing popularity of multiple choice as a means of assessment and as a way for students to quickly consolidate their understanding of key ideas.' - Peter Moles, Senior Lecturer in Finance, Edinburgh University Management School, in THES.
