Financial Markets and Institutions: Global Edition

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 Why Do Interest Rates Change?

5 How Do Risk and Term Structure Affect Interest Rates?

6 Are Financial Markets Efficient?





PART THREE FUNDAMENTALS OF FINANCIAL INSTITUTIONS



7 Why Do Financial Institutions Exist?

8 Why Do Financial Crises Occur and Why Are They So Damaging to the Economy?





PART FOUR CENTRAL BANKING AND THE CONDUCT OF MONETARY POLICY



9 Central Banks: A Global Perspective

10 Conduct of Monetary Policy: Tools, Goals, Strategy, and Tactics





PART FIVE FINANCIAL MARKETS



11 The Money Markets

12 The Bond Market

13 The Stock Market

14 The Mortgage Markets

15 The Foreign Exchange Market

16 The International Financial System





PART SIX THE FINANCIAL INSTITUTIONS INDUSTRY



17 Banking and the Management of Financial Institutions

18 Financial Regulation

19 Banking Industry: Structure and Competition

20 The Mutual Fund Industry

21 Insurance Companies and Pension Funds

22 Investment Banks, Security Brokers and Dealers, and Venture Capital Firms