An Introduction to Financial Markets and Institutions

รหัสสินค้า: 000619

รายละเอียด:
An Introduction to Financial Markets and Institutions

Description :
This text contains the strengths of the authors' money and banking text: they bring in a historical and evolutionary perspective, provide a global emphasis where appropriate, and cover all the topics common to traditional markets and institutions texts. In addition, they emphasize a flow-of-funds perspective and the text ends with a section on monetary policy. The text provides balanced coverage of the theories, policies, and institutions in a conversational style, avoiding complex models and high level mathematics, making it a student-friendly text with many unique features that offer additional explanation of concepts, analyses, and historical background. The text emphasizes how structural change, globalization, innovation, and technology affect the financial environment, with attention to how and why institutions and markets evolve.


Table of Contents :
Part One - Introduction
        Introduction and Overview
Money: A Unique Financial Instrument
Financial Markets, Instruments, and Market Makers
The Federal Reserve System

Part Two - Financial Prices 87
Interest Rates and Bond Prices
The Structure of Interest Rates
Market Efficiency
How Exchange Rates Are Determined

Part Three - Financial Markets and Instruments
The Money Market
The Corporate and Government Bond Markets
The Stock Market
The Mortgage Market
The International Financial System

Part Four - Financial Institutions
An Introduction to Financial Intermediaries and Risk
Commercial Banking Structure Regulation, and Performance
Saving Associations and Credit Unions
Relation of the Banking and Financial Services Industry
Insurance Companies
Pension Plans and Finance Companies
Securities Firms, Mutual Funds, and Financial Conglomerates

Part Five - Managing Financial Risk
Risk Assessment and Management
Forward, Futures, and Options Agreements
Asset-Backed Securities, Interest-Rate Agreements, and Currency Swaps

Part Six - Monetary Policy
Monetary Policy and the Financial System
Monetary Policy in a Globalized Financial System