Finance

Now in its fourth edition, Finance: The Basics is a clear and practical introduction to the world of finance. It thoroughly explains essential financial statements, tools, and concepts; fundamental financial instruments and transactions; and global financial participants, markets, and systems. This fully revised edition captures the most important aspects of a changing financial landscape, including:A new chapter dedicated to the emerging world of digital currencies, with a review of digital finance and a detailed discussion of regulated and unregulated digital currencies (including cryptocurrencies)New sections dealing with a range of social issues that directly impact on finance, including sustainability; environmental, social, and governance (ESG) and socially responsible investing (SRI) imperatives; microfinance; and impact investingTwelve updated real-world case studies ('Finance in Action' studies) and nine new case studies focused on annuities, sustainability, green financings, microfinance, digital currencies, financial technology/decentralised finance, ESG and SRI investing, quantitative easing and tightening, and the financial emergence of ChinaA concise and comprehensive glossary containing key terms discussed in the bookSupplemental digital resources, including PowerPoints for instructors and a test bank of questions for studentsEach chapter is accompanied by an overview and summary, illustrations and tables, real-life case studies, and recommended readings. Finance: The Basics is essential reading for anyone interested in the fascinating world of finance.