The Capital Markets: Evolution of the Financial Ecosystem

The Capital Markets: evolution of the financial ecosystem is the new standard providing practical text book style coverage of this dynamic market and its products.

Written by the former President of BNY Mellon Capital Markets, LLC for both financial professionals and novices, The Capital Markets provides a comprehensive macro view of the marketplace and how its products operate.  This book is the definitive resource and the companion text to The Capital Markets website.

The subject matter offers an authoritative discussion of the fundamentals of both, the fixed income and equity markets, underwriting, securitizations, derivatives, currency among other products through the lens of leading industry practitioners.   Key Learning Concepts

• Understand the impact of both global and domestic regulatory changes
• Learn about the products that holistically make up the capital markets
• Explore the components of the infrastructure that underpins these markets
• Examine the tools used for trading and managing risk
• Review new product innovations

Table of Contents

PART ONE Introduction and Tools
CHAPTER 1 The Early 21st-Century Evolution of Global Capital Markets
CHAPTER 2 The Role of Global Capital Markets
CHAPTER 3 How the Global Financial Crisis Transformed the Industry
CHAPTER 4 Cash Bonds and Futures
CHAPTER 5 Risk in Capital Markets
CHAPTER 6 Enablers for Robust Risk Management in Capital Markets
CHAPTER 7 Making Markets Work

PART TWO Capital Markets Products
CHAPTER 8 Money Markets
CHAPTER 9 Repurchase Agreements
CHAPTER 10 U.S. Treasury and Government Agency Securities
CHAPTER 11 Government-Sponsored Enterprises and Federal Agencies
CHAPTER 12 Inflation-Linked Bonds
CHAPTER 13 Mortgage-Backed Securities
CHAPTER 14 Corporate Bonds
CHAPTER 15 Preferred Stock
CHAPTER 16 Distressed Debt Securities
CHAPTER 17 Securitization
CHAPTER 18 Asset-Backed Securities
CHAPTER 19 Non-Agency Residential Mortgage-Backed Securities (RMBSs)
CHAPTER 20 Commercial Mortgage-Backed Securities (CMBSs)
CHAPTER 21 Collateralized Debt Obligations (CDOs)
CHAPTER 22 Structured Investment Vehicles (SIVs)
CHAPTER 23 Collateralized Loan Obligations (CLOs)
CHAPTER 24 Municipal Bonds
CHAPTER 25 Equities
CHAPTER 26 Cash Equities in the Secondary Market
CHAPTER 27 Exchange-Traded Funds (ETFs)
CHAPTER 28 Equity Capital Markets
CHAPTER 29 Interest Rate Swaps
CHAPTER 30 Interest Rate Options
CHAPTER 31 Commodities
CHAPTER 32 Currency
CHAPTER 33 Conclusion