Financial Markets and Institutions, 5th Edition

Financial Markets and Institutions, 5e offers a unique analysis of the risks faced by investors and savers interacting through financial institutions and financial markets, as well as strategies that can be adopted for controlling and managing risks. Special emphasis is put on new areas of operations in financial markets and institutions such as asset securitization, off-balance-sheet activities, and globalization of financial services.

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Table of Contents

part 1 INTRODUCTION AND OVERVIEW OF FINANCIAL MARKETS
Chapter 1 Introduction
Chapter 2 Determinants of Interest Rates
Chapter 3 Interest Rates and Security Valuation
Chapter 4 The Federal Reserve System, Monetary Policy, and Interest Rates

part 2 SECURITIES MARKETS
Chapter 5 Money Markets
Chapter 6 Bond Markets
Chapter 7 Mortgage Markets
Chapter 8 Stock Markets
Chapter 9 Foreign Exchange Markets
Chapter 10 Derivative Securities Markets

part 3 COMMERCIAL BANKS
Chapter 11 Commercial Banks: Industry Overview
Chapter 12 Commercial Banks’ Financial Statements and Analysis
Chapter 13 Regulation of Commercial Banks

part 4 OTHER FINANCIAL INSTITUTIONS
Chapter 14 Other Lending Institutions: Savings Institutions, Credit Unions, and Finance Companies
Chapter 15 Insurance Companies
Chapter 16 Securities Firms and Investment Banks
Chapter 17 Mutual Funds and Hedge Funds
Chapter 18 Pension Funds

part 5 RISK MANAGEMENT IN FINANCIAL INSTITUTIONS
Chapter 19 Types of Risks Incurred by Financial Institutions
Chapter 20 Managing Credit Risk on the Balance Sheet
Chapter 21 Managing Liquidity Risk on the Balance Sheet
Chapter 22 Managing Interest Rate Risk and Insolvency Risk on the Balance Sheet
Chapter 23 Managing Risk off the Balance Sheet with Derivative Securities
Chapter 24 Managing Risk off the Balance Sheet with Loan Sales and Securitization