1.Updated topic coverage, including the following:
●Updated discussion on Basel 2.5 and III capital adequacy standards.
●Updated empirical coverage of the features, characteristics, and regulations governing dollar denominated foreign bonds, Eurobonds, and global bonds.
●Updated discussion of market consolidations and mergers.
●New reading on transfer pricing.
2.In More Depth sections: These sections can provide additional insight into a particular topic at the instructor's discretion. These sections, clearly indicated in the text with colored type, can be skipped with no loss of continuity. Selected end-of-chapter problems relating to this advanced material are also indicated in colored type.
3.Thorough coverage: Thorough coverage of financial markets and financial management is present, with the markets coverage presented early in the text, setting this text apart from the competition.