Financial Services and Markets has been written to meet the requirements of MBA, M.Com and MFA students of various universities. Financial services and markets are becoming more complex over the years, building up or pulling down economies. These markets have now gained crucial importance in the wake of the recent economic upheaval. Today, there is a glaring need for greater synergy between the state and the market not just to endure but to emerge triumphant from the vagaries of recession. This book has been written in a student???friendly way. It traces the origins of various financial products, explains the way in which these have evolved over the years, elaborates on the landmark changes and discusses these in the light of the contemporary scenario. This understanding of the inter???linkages and interdependence of financial services and markets is indispensable for a student or any general reader who is curious to have thorough knowledge of the intricacies of markets and their impact on a globalized world.