Pack Financial Institutions Management & Connect Online

Anthony Saunders received his Ph.D. from the London School of Economics. He is John M. Schiff Professor of Finance and the former chair of the Department of Finance at the Stern School of Business at New York University. Dr. Saunders has taught both undergraduate and graduate level courses at New York University since 1978. Throughout his academic career, his teaching and research have specialized in financial institutions and international banking. He has served as a visiting professor all over the world, including INSEAD, the Stockholm School of Economics, and the University of Melbourne. He is currently on the Executive Committee of the Salomon Center for the Study of Financial Institutions, New York University. His research has been published in all the major money and banking and finance journals and in several books. In addition, he has authored or co-authored several professional books, the most recent of which is Credit Risk Measurement: New Approaches to Value at Risk and Other Paradigms. Marcia Millon Cornett received a B.S. in economics from Knox College and her M.B.A. and Ph.D. in finance from Indiana University, Bloomington. She is Robert A. and Julia E. Dorn Professor of Finance at Bentley University. Dr. Cornett is co-author with Anthony Saunders of Financial Institutions Management and Financial Markets and Institutions. She serves as an associate editor for the Journal of Banking and Finance, the Journal of Financial Services Research, Review of Financial Economics, Financial Review, and Multinational Finance Journal. Dr. Cornett has served on the board of directors, the executive committee, and the finance committee of the Southern Illinois University Credit Union. Dr. Cornett has taught at Southern Illinois University at Carbondale, the University of Colorado, Boston College, and Southern Methodist University. She is a member of the Financial Management Association, the American Finance Association, and the Western Finance Association.

Part One: Introduction
Ch 1. Why are Financial Institutions Special?
Appendix 1A: The US sub-prime crisis, the global financial crisis and the failure of financial services institution specialness
Ch 2. The Financial Services Industry: depository institutions
Appendix 2B: Financial disturbances in Australia: a chronology
Ch 3. The Financial Services Industry: other financial institutions
Ch 4. Risk of Financial Institutions
Part Two: Measuring and Managing Risk
Ch 5. Interest Rate Risk Measurement: the repricing model
Appendix 5B: Term structure of interest rates
Ch 6. Interest Rate Risk Measurement: the duration model
Appendix 6B: Incorporating convexity into the duration model
Ch 7. Managing Interest Rate Risk using Off-Balance-Sheet Instruments
Ch 8. Managing Interest Rate Risk using Loan Sales and Securitisation
Ch 9. Market Risk
Ch 10. Credit Risk I: individual loan risk
Ch 11. Credit Risk II: loan portfolio and concentration risk
Ch 12. Sovereign Risk
Appendix 12A: Mechanisms for dealing with sovereign risk exposure
Ch 13. Foreign Exchange Risk
Ch 14. Liquidity Risk
Ch 15. Liability and Liquidity Management
Ch 16. Off-Balance-Sheet Activties
Ch 17. Technology and other Operational Risks
Appendix 17A: Selection of research articles on the efficiency of Australian financial institutions
Ch 18. Capital Management and Adequacy
Appendix 18A: Market risk capital charge for interest rate risk using the standardised approach
Appendix 18B: Criticisms of the risk-based capital ratio

Further appendices are available online.