Financial Markets and Institutions (2-downloads)

PART ONE INTRODUCTION

Chapter 1 Why Study Financial Markets and Institutions?

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Preview

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Why Study Financial Markets?

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Debt Markets and Interest Rates

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The Stock Market

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The Foreign Exchange Market

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Why Study Financial Institutions?

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Structure of the Financial System

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Financial Crises

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Central Banks and the Conduct of Monetary Policy

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The International Financial System

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Banks and Other Financial Institutions

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Financial Innovation

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Managing Risk in Financial Institutions

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Applied Managerial Perspective

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How We Will Study Financial Markets and Institutions

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Exploring the Web

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Collecting and Graphing Data

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Web Exercise

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Concluding Remarks

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Summary

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Key Terms

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Questions

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Quantitative Problems

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Web Exercises

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Chapter 2 Overview of the Financial System

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Preview

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Function of Financial Markets

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Structure of Financial Markets

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Debt and Equity Markets

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Primary and Secondary Markets

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Exchanges and Over-the-Counter Markets

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Money and Capital Markets

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Contents in Detail

Internationalization of Financial Markets

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International Bond Market, Eurobonds, and Eurocurrencies

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■ GLOBAL

Are U.S. Capital Markets Losing Their Edge?

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World Stock Markets

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Function of Financial Intermediaries: Indirect Finance

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Transaction Costs

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■ FOLLOWING THE FINANCIAL NEWS

Foreign Stock Market Indexes

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■ GLOBAL

The Importance of Financial Intermediaries Relative to

Securities Markets: An International Comparison

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Risk Sharing

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Asymmetric Information: Adverse Selection and Moral Hazard

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Types of Financial Intermediaries

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Depository Institutions

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Contractual Savings Institutions

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Investment Intermediaries

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Regulation of the Financial System

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Increasing Information Available to Investors

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Ensuring the Soundness of Financial Intermediaries

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Financial Regulation Abroad

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Summary

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Key Terms

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Questions

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Web Exercises

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PART TWO FUNDAMENTALS OF FINANCIAL MARKETS

Chapter 3 What Do Interest Rates Mean and What Is Their 

Role in Valuation?

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Preview

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Measuring Interest Rates

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Present Value

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Four Types of Credit Market Instruments

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Yield to Maturity

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■ GLOBAL

Negative T-Bill Rates? It Can Happen

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The Distinction Between Real and Nominal Interest Rates

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The Distinction Between Interest Rates and Returns

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■ MINI-CASE

With TIPS, Real Interest Rates Have Become Observable 

in the United States

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