Originally developed for an undergraduate course taught by the author at New York U., this text discusses the theory and practice of investment banking. Coverage includes such topics as the market making functions of investment banking, regulatory changes in the new-issues process, and the institutionalization of security markets. The volume concludes with an extensive glossary of terms. This reprint of the second edition (1989, Dow-Jones-Irwin) features a new foreword by Ingo Walter (Stern School of Business) addressing current conditions in the securities industry. Annotation 2006 Book News, Inc., Portland, OR (booknews.com)
