Includes bibliographical references (p. 715-725) and index.

Drawing on the author's experience in financial management, this text discusses financial markets, institutions and management techniques together in a unified theoretical framework. The practical approach reveals the similarities as well as the differences between the various financial institutions. It also places all the discussions squarely in a real-world context, which helps students understand how deregulation, the S&L crisis and other market variables affect financial institutions. The text also features a number of unique analytical tools developed and used by the author in his capacity as head of several large financial service firms.