Financial Institutions and Markets

Studying and getting acquainted with the financial markets and institutions is essential for analysts, managers, and financial and economic experts from two points: macro-level; because the findings of many studies have shown that the growth of the economy is not possible without the development of markets and financial institutions. Some economists consider this role negligible and others consider it crucial. Chapters “1” to “3” of this book are devoted to the study of these issues. At the micro-level; preparing an appropriate strategic plan based on environmental variables is one of the most important tasks of managing an enterprise. To formulate a strategic financial plan, it is necessary to know the financial system. The financial system consists of five components: financial instruments, financial institutions, financial markets, financial laws, and financial regulators. Chapters “4” to “13” of the book introduce the “five components of the financial system”. This book is a conceptual framework for answering the questions: Why did financial markets come into being and why do we need them?