Financial Markets & Institutions w/S&P bind-in card

by Saunders, Anthony; Cornett, Marcia

• ISBN13: 9780077262372
• ISBN10: 0077262379
• Edition: 4th
• Format: Hardcover
• Copyright: 2008-09-22
• Publisher: McGraw-Hill/Irwin

Summary

"Financial Markets and Institutions by Anthony Saunders and Marcia Millon Cornett continues to offer a unique rich and pedagogy to help students retain and apply chapter concepts. The Fourth Edition uses a strong market focus and a modern risk management framework to look at how new risks have evolved, how the more traditional risks have changed as a result, and how all these risks can be measured and managed. Clear, concise evaluations and updated content ensure that novices and experts alike will benefit from this text."--BOOK JACKET.

Table of Contents

Introduction and Overview of Financial Markets

Introduction

Determinants of Interest Rates

Interest Rates and Security Valuation

The Federal Reserve System, Monetary Policy, and Interest Rates

Securities Markets

Money Markets

Bond Markets

Mortgage Markets

Stock Markets

Foreign Exchange Markets

Derivative Securities Markets

Commercial Banks

Commercial Banks

Commercial Banks? Financial Statements and Analysis

Regulation of Commercial Banks

Other Financial Institutions

Other Lending Institutions: Savings Institutions, Credit Unions, and Finance Companies

Insurance Companies

Securities Firms and Investment Banks

Mutual Funds and Hedge Funds

Pension Funds

Risk Management in Financial Institutions

Types of Risks Incurred by Financial Institutions

Managing Credit Risk on the Balance Sheet

Managing Liquidity Risk on the Balance Sheet

Managing Interest Rate and Insolvency Risk on the Balance Sheet

Managing Risk off the Balance Sheet with Derivative Securities

Managing Risk off the Balance Sheet with Loan Sales and Asset Securitization

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