Foundations of Financial Markets and Institutions: International Edition, 3/E

Frank J. Fabozzi, Yale University
Franco G Modigliani, Alfred P. Sloan School of Management
Frank Jones, Chief Investment Officer of the Guardian Life Insurance Company
Michael G. Ferri, George Mason University

Publisher: Pearson Higher Education
Copyright: 2002
Format: Paper; 663 pp

ISBN-10: 0131227343
ISBN-13:9780131227347

Our Price: £44.99
Status: Not Yet Published
Estimated Availability: 22 May 2003

Description

A core text for one-semester courses in Financial Institutions and Markets.

This text offers a comprehensive exploration of the revolutionary developments occurring in the world's financial markets and institutions —i.e., innovation, globalization, and deregulation—with a focus on the actual practices of financial institutions, investors, and financial instruments.
Table Of Contents

I. INTRODUCTION.

 1. Introduction.

 2. Financial Intermediaries and Financial Innovation.

 3. The Role of the Government in Financial Markets.

II. DEPOSITORY INSTITUTIONS.

 4. Depository Institutions: Activities and Characteristics.

 5. Central Banks and the Creation of Money.

 6. Monetary Policy.

III. NONDEPOSITORY FINANCIAL INTERMEDIARIES.

 7. Insurance Companies.

 8. Investment Companies and Exchange-Traded Funds.

 9. Pension Funds.

IV. DETERMINANTS OF ASSET PRICES AND INTEREST RATES.

10. Properties and Pricing of Financial Assets.

11. The Level and Structure of Interest Rates.

12. The Term Structure of Interest Rates.

13. Risk/Return and Asset Pricing Models.

V. ORGANIZATION AND STRUCTURE OF MARKETS.

14. Primary Markets and the Underwriting of Securities.

15. Secondary Markets.

VI. MARKETS FOR GOVERNMENT DEBT.

16. Treasury and Agency Securities Markets.

17. Municipal Securities Markets.

VII. MARKETS FOR CORPORATE SECURITIES.

18. Common Stock Markets in the United States.

19. International Stock Markets.

20. Markets for Corporate Senior Instruments: I.

21. Corporate Senior Instruments: II.

22. The Markets for Bank Obligations.

VIII. MORTGAGE AND SECURITIZED ASSET MARKETS.

23. The Mortgage Market.

24. Mortgage-Backed Securities Market.

25. Asset-Backed Securities Market.

IX. MARKETS FOR DERIVATIVE SECURITIES.

26. Financial Futures Markets.

27. Options Markets.

28. Pricing of Futures and Options Contracts.

29. The Applications of Futures and Options Contracts.

30. Other Derivative Markets: swaps, Caps, Floor, and Credit Derivatives.

31. The Market for Foreign Exchange Rate Risk Control Instruments.

Glossary.

Index.

Features
  • Lengthy coverage of the mortgage market and the securitization of assets.

    • Represents a departure from traditional systems of financing.

  • Extensive and integrated coverage of international and global aspects of contemporary finance.

    • Provides students with in-depth discussion of how the world's major financial markets and institutions interact with one another.

  • Extensive coverage of the markets for derivative securities.

    • Equips students with fundamental information about the structure of these derivatives, the markets where they are traded, the principles for pricing them, and the applications to which financial practitioners can put them.

  • The wide array of financial instruments available in today's markets is described.

    • Shows students how the instruments for investing, financing operations, and controlling the various kinds of financial risk are responses to the needs of borrowers, lenders, and investors.

  • World's key financial institutions—Examined in-depth.

    • Provides students with a unique perspective on how these institutions manage their assets and liabilities in a complicated environment.
Instructor Supplements
PowerPoints (on Web), 3/E
Fabozzi
© 2002 | Prentice Hall | On-line Supplement | Available
ISBN-10: 0130608416 | ISBN-13: 9780130608413