3 Review(s)

This book helps prepare students for careers in Finance by describing a wide range of instruments for financing, investing, and controlling risk available in today’s financial markets. In-depth coverage of the various sectors of the financial markets provides students with a solid foundation of information. Discussion of the latest instruments enables students to recognize the contribution made by a new financial instrument. Blending of theory and practice provides students with a balanced presentation. End-of-Chapter questions using material from practitioner publications allow students to review and reinforce material using real-world resources. New To This Edition Several new Chapters have been added including one on Insurance Companies Asset Management Firms Investment Banking Firms Commercial Mortgages and Mortgage Backed Securities International Bond Markets Credit Risk Transfer Vehicles Table of Contents Section I: The Players Chapter 1 Introduction Chapter 2 Overview of Market Participants and Financial Innovation Chapter 3 Depository Institutions Chapter 4 Insurance Companies Chapter 5 Asset Management Firms Chapter 6 Investment Banking Firms Section II: Organization and Structure of Markets Chapter 7 Primary and Secondary Markets Section III: Risk and Return Theories Chapter 8 Risk and Return Theories: I Chapter 9 Risk and Return Theories: II Section IV: Derivatives Markets Chapter 10 Introduction to Financial Futures Markets Chapter 11 Introduction to Options Markets Chapter 12 Introduction to Swaps, Caps, and Floors Markets Section V: The Ewuity Market Chapter 13 Common Stock Market: I Chapter 14 Common Stock Market: II Chapter 15 Stock Options Market Chapter 16 The Market for Stock Index Products and Other Equity Derivatives Section VI: Interest Rate Determination and Bond Valuation Chapter17 The Theory and Structure of Interest Rates Chapter 18 Valuation of Debt Contracts and Their Price Volatility Characteristics Chapter 19 The Term Structure of Interest Rates Section VII: Debt Markets Chapter 20 Money Markets Chapter 21 Treasury and Agency Securities Markets Chapter 22 Corporate Senior Instruments Markets: I Chapter 23 Corporate Senior Instruments Markets: II Chapter 24 Municipal Securities Markets Chapter 25 The Residential Mortgage Market Chapter 26 The Market for Residential Mortgage—Backed Securities Chapter 27 Market for Asset-Backed Securities Chapter 28 Commercial Mortgage Loans and Commercial Mortgage—Backed Securities Chapter 29 International Bond Markets Chapter 30 Market for Interest Rate Risk Transfer Vehicles: Exchange-Trade Products Chapter 31 Market for Interest Rate Risk Transfer Vehicles: OTC Instruments Chapter 32 Market for Credit Risk Transfer Vehicles: Credit Derivatives and Collateralized Debt Obligations Section VIII: Foreign Exchange Markets Chapter 33 The Market for Foreign Exchange and Risk Control Instruments