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A comprehensive exploration of the worlds financial markets and institutions
Foundations of Financial Markets and Institutions, offers a comprehensive exploration of the revolutionary developments occurring in the worlds financial markets and institutions -i.e., innovation, globalization, and deregulation-with a focus on the actual practices of financial institutions, investors, and financial instruments.
This fourth edition incorporates and addresses the vast amount of changes that have recently occurred in financial institutions and markets around the world.
Lengthy coverage of the mortgage market and the securitization of assets: Going in-depth into the mortgage market and scrutinizing assets helps represent a departure from traditional systems of financing that students need to understand in todays world of financial markets and institutions.
Extensive and integrated coverage of international and global aspects of contemporary finance: Provides students with an in-depth discussion of how the worlds major financial markets and institutions interact with one another.
Extensive coverage of the markets for derivative securities: This text equips students with fundamental information about the structure of these derivatives, the markets where they are traded, the principles for pricing them, and the applications to which financial practitioners can put them.
A wide array of financial instruments described: Showing students the vast amount of instruments available in todays markets provides insight on how the instruments-for investing, financing operations, and controlling the various kinds of financial risk -are responses to the needs of borrowers, lenders, and investors.
Worlds key financial institutions-Examined in-depth: Provide your students with a unique perspective on how these institutions manage their assets and liabilities in a complicated environment.
2 Financial Institutions, Financial Intermediaries, and Asset Management Firms
3 Depository Institutions: Activities and Characteristics
4 The U.S. Federal Reserve and the Creation of Money
5 Monetary Policy in the United States
6 Insurance Companies
7 Investment Companies and Exchange-Traded Funds
8 Pension Funds
9 Properties and Pricing of Financial Assets
10 The Level and Structure of Interest Rates
11The Term Structure of Interest Rates
12 Risk/Return and Asset Pricing Models
13 Primary Markets and the Underwriting of Securities
14 Secondary Markets
15 Treasury and Agency Securities Markets
16 Municipal Securities Markets
17 Markets for Common Stock: The Basic Characteristics
18 Markets for Common Stock: Structure and Organization
19 Markets for Corporate Senior Instruments: I
20 Markets for Corporate Senior Instruments: II
21The Markets for Bank Obligations
22 The Residential Mortgage Market
23 Residential Mortgage-Backed Securities Market
24 Market for Commercial Mortgage Loans and Commercial Mortgage-Backed Securities
25 Market for Asset-Backed Securities
26 Financial Futures Markets
27 Options Markets
28 Pricing of Futures and Options Contracts
29 OTC Interest Rate Derivatives: Forward Rate Agreements, Swaps, Caps, and Floors
30 Market for Credit Risk Transfer Vehicles: Credit Derivatives and Collateralized Debt Obligations
31 The Market for Foreign Exchange and Risk Control Instruments