This highly successful text continues to gain market share in addition to holding to a very loyal base of business. This text, while highly descriptive is also very comprehensive. It analyzes the entire financial system and its component parts with an expanded discussion in nearly every chapter of the trend toward globalization of financial markets and institutions. It also discusses all major types of financial instruments and provides a thorough grounding in interest rate and security price determination.

This book provides a thorough and comprehensive view of the whole financial system. All the major types of financial instruments and institutions present today are discussed, along with how and why the system of money and capital markets is changing. The text also gives a descriptive explanation of how interest rates and security values are determined. It discusses the current and future trends of the globalization of financial markets, the ongoing consolidation of the financial institutions' sector, and recent efforts to protect consumer privacy in the financial services field.



Table of Contents

Part One: The Financial System in Perspective

Chapter 1: The Many Roles of the Financial System in the Global Economy

Chapter 2: Financial Assets, Money, and Financial Transactions in the Global Financial System

Chapter 3: Sources of Information for Financial Decision Making in the Money and Capital Markets



Part Two: The Management and Regulation of Financial Institutions

Chapter 4: The Commercial Banking Industry

Chapter 5: Nonbank Thrift Institutions: Savings and Loan Associations, Savings Banks, Credit Unions, and Money Market Funds

Chapter 6: Mutual Funds, Pension Funds, Insurance Companies, Finance Companies, and Other Financial Institutions

Chapter 7: The Regulation of Financial Institutions



Part Three: Interest Rates and Security Prices

Chapter 8: Interest Rates in the Financial System

Chapter 9: Relationships between Interest Rates and Security Prices

Chapter 10: Inflation, Yield Curves, and Duration

(and more...)