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