Financial Instruments and Institutions

Rating:
Summary: Mix of Finance and Accouting
Review: ~~~~~You are wrong if you think that this is a pure accounting or finance book. I am taking Profoessor Ryan's class of "Finanial Instruments and Financial Institutions" in NYU right now. The stength of Professor Ryan in the book is his in-depth understanding and effective description of economics, finance and accounting issues. So many case studies covered in the book blend with macroeconomic events, financial implication and accounting disclosures. Therefore, you need some background~~ knowledge of accounting and finance to fully take advantage of his insights in the book. This book discusses the yield curve, interest risk, credit and market risks, and fair value accounting for financial instruments. It analyzes the finacial and accounting issues for thrifts, mortgage bank, securitizations, commercial banks, derivatives and hedging, lessors and lease accountings. After reading through the book, you will have clear pictures about each finnancial instruments and institutions.~~ You won't be afraid of these topics any more. This book can be used as an advanced textbook for finance or accouting majors in business school, or a reference book if you are interested in financial and accounting issues of the above topics.~