Financial markets and institutions

Examines models and concepts through the eyes of a practicing financial manager to see not only why they matter, but also how they are used in the real world. This book offers coverage of valuation concepts, more quantitative material, and a streamlined, finance-focused presentation.

Part I Introduction

1 Why Study Financial Markets and Institutions?

2 Overview of the Financial System

Part II Fundamentals of Financial Markets

3 What Do Interest Rates Mean and What Is Their Role in Valuation?

4 Why Do Interest Rates Change?

5 How Do Risk and Term Structure Affect Interest Rates?

6 Are Financial Markets Efficient?

Part III Central Banking and the Conduct of Monetary Policy

7 Structure of Central Banks and the Federal Reserve System

8 Conduct of Monetary Policy: Tools, Goals, and Targets

Part IV Financial Markets

9 The Money Markets

10 The Bond Market

11 The Stock Market

12 The Mortgage Markets

13 The Foreign Exchange Market

14 The International Financial System

Part V Fundamentals of Financial Institutions

15 Why Do Financial Institutions Exist?

16 What Should Be Done About Conflicts of Interest in the Financial Industry?

Part VI The Financial Institutions Industry

17 Banking and the Management of Financial Institutions

18 Commercial Banking Industry: Structure and Competition

19 Savings Associations and Credit Unions

20 Banking Regulation

21 The Mutual Fund Industry

22 Insurance Companies and Pension Funds

23 Investment Banks, Security Brokers and Dealers, and Venture Capital Firms

Part VII The Management of Financial Institutions

24 Risk Management in Financial Institutions

25 Hedging with Financial Derivatives On the Web

26 Finance Companies

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Summary

Summary

Table of Contents