This textbook maps the logic, institutions, and instruments of the modern financial system – from money creation and banking to payment systems, public finance and debt management, securities markets, and international finance. Clear explanations, diagrams, and real-world examples connect micro-level decisions with macroeconomic outcomes. A concise, up-to-date reference for students and practitioners alike.











Scientia Publishing House
SAPIENTIA HUNGARIAN UNIVERSITY OF TRANSYLVANIA
Established in the year 2001, the Cluj-Napoca-based Scientia Publishing House is the publisher of Sapientia Hungarian University of Transylvania. The Publisher’s scope of activity is in line with the mission as well as the educational and scientific development strategy.
Scientia Publishing House
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