Financial Institutions, Instruments and Markets

CHRISTOPHER VINEY Chris brings to this book a wealth of industry experience and academic knowledge associated with the international financial markets. His appreciation of the nature of both the theoretic and applied functions and operations of the global financial system is reflected in the clear and interesting presentation of issues in such a way that the reader is motivated to learn. He has recently retired from his position as a senior lecturer in finance with the School of Accounting and Finance at Deakin University, Melbourne, Australia. He taught in the areas of financial markets, financial institutions management, corporate finance, treasury management, and personal financial planning. Chris has taught in Singapore, Malaysia, Thailand, Indonesia and New Zealand. Also, for a number of years he has led a finance international study program for tertiary students. This structured program visits important financial institutions and markets, multinational corporations, multi-lateral organisations and regulators within financial centres around the world. Chris has particular research interests in the capital markets, operational risk management, bureau de change, money laundering and education and training. He has conducted research projects within government and the finance industry. A number of recommendations emanating from reports to these organisations have had direct influence in the determination of government legislative changes and on important operational practices within the financial system. Prior to moving into academia Chris had twenty-seven years' experience in the banking industry in the areas of retail banking, commercial lending, risk management, personnel, property, policy and administration. Following the passing of Michael McGrath with the first edition of the text, Chris has guided the evolution all subsequent editions whereby the book has now become a principal learning and reference source for undergraduate students, postgraduate students and industry practitioners alike.

Part One: Financial Institutions

Chapter 1 A Modern Financial System: an overview

Chapter 2 Commercial Banks

Chapter 3 Non-Bank Financial Institutions



Part Two: Equity Markets

Chapter 4 The Share Market and the Corporation

Chapter 5 Corporations Issuing Equity in the Share Market

Chapter 6 Investors in the Share Market

Chapter 7 Forecasting Share Price Movements


Part Three: The Corporate Debt Market

Chapter 8 Mathematics of Finance: an introduction to basic concepts and calculations

Chapter 9 Short-Term Debt

Chapter 10 Medium-to-long-term Debt

Chapter 11 International Debt Markets



Part Four: Government Debt, Monetary Policy, The Payments System and Interest Rates

Chapter 12 Government Debt, Monetary Policy and the Payments System

Chapter 13 An Introduction to Interest Rate Determination and Forecasting

Chapter 14 Interest Rate Risk Measurement



Part Five: The Foreign Exchange Market

Chapter 15 Foreign Exchange: the structure and operation of the FX market

Chapter 16 Foreign Exchange: factors that influence the exchange rate

Chapter 17 Foreign Exchange: risk identification and management



Part Six: Derivative Markets and Risk Management

Chapter 18 An Introduction to Risk Management and Derivatives

Chapter 19 Futures Contracts and Forward Rate Agreements

Chapter 20 Options

Chapter 21 Interest Rate Swaps, Cross-Currency Swaps and Credit Default Swaps