Financial markets and institutions, 6th ed.

Table of Contents :

Preface

Part One : Introduction

1. Why study financial markets and institutions

2. Overview of the financial system

Part Two : Fundamentals of financial markets

3. What do interest rates mean and what is their role in valuation?

4. What do interest rates change?

5. How do risk and term structure affect interest rates?

6. Are financial markets efficient?

Part Three : 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, Strategy, and Tactics

Part Four : Financial Markets

9. The money markets

10. The bond market

11. The stock markets

12. The mortgage markets

13. The foreign exchange market

14. The international financial system

Part Five. Fundamenatls of financial institutions

15. Why do financial institutions exist?

16. What should be done about conflicts of interest?

A Central issue in business ethics

Part Six : 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 Seven : The management of financial institutions

24. Risk management in financial institutions

25. Hedging with financial derivatives

26. Finance companies

Glossary

Index