By addressing the financial markets from a new perspective, this book sets out to take the reader on a journey, explaining the role of financial markets as places where exchanges take place to meet the needs of people, businesses and institutions. The volume is structured in four parts. The first part introduces the functions, structure, and components of the financial system. In the second part, the authors describe the functioning of the markets in terms of risk and return, providing a more in-depth description of the role of intermediaries. In the third part, capital markets are illustrated in various forms, presenting the debt market and the stock market from the accounting to the market/investment point of view. Finally, the last part presents other financial instruments as part of the whole system. This book provides students approaching the financial markets for the first time with a valuable tool that balances clarity and simplicity without losing sight of the real economy.
Gimede Gigante, PhD in Banking and Finance. Member of the Harvard Business Review advisory council, since 2019 he has served as Academic Director of the Bocconi Summer School. He has held visiting positions at the Finance Department of Columbia Business School and at the Salomon Brothers Center (Stern School of Business, NYU). Winner of the Award for Excellence in Teaching in 2015 and in 2016.
Andrea Cerri, PhD in Management. Since 2016 he has served as Lecturer at the Department of Business Economy at Catholic University, Milan. He also teaches, since 2018, International Financial Markets and Venture capital at IES Aboard foundation, Strategic Analysis at Bicocca University, Milan, and since 2020 he holds the course of Finance Lab at the Bocconi Summer School.