‘Provides an excellent and concise overview of the topic that I have found very useful for finance courses at all levels, including MBA teaching.’ – JENS HAGENDORFF, UNIVERSITY OF EDINBURGH BUSINESS SCHOOL, UK   ‘This textbook takes students on a journey into the world of financial markets, from traditional concepts to innovations. Comprehensive and well exemplified, including current trends such as Bitcoin or Islamic finance. Attractive and accessible, this new edition is the type of book that you want your students to read.’ – CATHERINE LIONS, UMEÅ UNIVERSITY, SWEDEN   ‘Provides an up-to-date and authoritative analysis of the way financial markets work. The book not only studies the main pillars that define modern finance theory but also the world of financial derivatives, their valuation and role in shaping current financial markets.’ – JOSE OLMO, UNIVERSITY OF SOUTHAMPTON, UK   ‘The excellent fourth edition continues to provide an accessible introduction to the principles of finance and financial markets and applies this knowledge to an array of problems. Written in a lively manner to incorporate real world events into the discussion, it should be invaluable to students seeking an up to date and lucid understanding of finance and financial markets.’ – EVERTON DOCKERY, UNIVERSITY OF PORTSMOUTH, UK   ‘A must-read, reader-friendly textbook for anyone interested in the world of finance. It is a superb, up-to-date overview of financial markets and instruments. Providing a unique combination of rigour, numerical illustrations and real world examples, the new edition will undoubtedly maintain its market leadership position.’ – DIMITRIOS ASTERIOU, OXFORD BROOKES UNIVERSITY, UK   The bestselling Finance & Financial Markets, now in its fourth edition, is a comprehensive introduction to the building blocks of modern finance. It surveys financial markets, instruments and institutions that constitute global finance by focusing on the core elements of the subject. Real-life data, case studies and numerical worked examples link the theoretical material to the real world without being unduly demanding from a mathematical and technical perspective.   This edition has been thoroughly updated to reflect developments since the financial crisis. Among other things, it features: • new case studies, including coverage of the Libor and foreign exchange rigging scandals, Bitcoin, the FinTech revolution and issues raised by Brexit • fully updated data and relevant numerical examples • coverage of derivatives such as futures, options and swaps • extensive discussion of regulatory developments since the financial crisis • a companion website featuring interactive MCQs and short answer questions, along with PowerPoint slides and relevant links for each chapter: www.macmillanihe.com/Pilbeam-FFM-4   Ideally suited to students on economics, business and finance courses, and those who want to understand the workings of the modern financial world.   KEITH PILBEAM is Professor of International Economics and Finance at City, University of London. He teaches on the international programmes of Boston University and Cass Business School. Keith is President of the International Economics & Finance Society (UK) and Secretary General of the European Economics & Finance Society. He is the author of the bestselling textbook International Finance, published by Palgrave as well. He also runs the highly popular news and education website BusinessEconomics.com