Represents a departure from traditional systems of financing.

Provides students with in-depth discussion of how the world's major financial markets and institutions interact with one another.

Equips students with fundamental information about the structure of these derivatives, the markets where they are traded, the principles for pricing them, and the applications to which financial practitioners can put them.

Shows students how the instruments for investing, financing operations, and controlling the various kinds of financial risk are responses to the needs of borrowers, lenders, and investors.

Provides students with a unique perspective on how these institutions manage their assets and liabilities in a complicated environment.