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Description
The focus of the ninth edition of Financial Institutions, Markets,
and Money is to provide a balanced introduction to the operation,
mechanics, and structure of the U.S. financial system, emphasizing
its institutions, markets, and financial instruments.
The author's stress the mastery of fundamental material, placing
an emphasis on how things really work in a market context. The book
has balanced coverage of the U.S. financial system with a strong
emphasis on both institutions and markets.
Special attention is given to the Federal Reserve System and its
conduct of monetary policy.The author's also stress the risks that
the financial institutions face (ie interest rate risk, credit risk,
liquidity risk, foreign exchange risk) and how they can manage those
risks in financial markets.
Throughout the book, the authors address the impact that technology
and globalization have on the operations and structure of the financial
system.
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Table of Contents
PART I: THE FINANCIAL SYSTEM.
1. Overview of Financial Institutions and Markets.
2. The Federal Reserve and Its Powers.
3. The Fed and Interest Rates.
PART II: HOW INTEREST RATES ARE
DETERMINED.
4. The Level of Interest Rates.
5. Bond Prices and Interest Rate Risk.
6. The Structure of Interest Rates.
PART III: FINANCIAL MARKETS.
7. Money Markets.
8. Bond Markets.
9. Mortgage Markets.
10. Equity Markets.
11. Derivatives Markets.
12. International Markets.
PART IV: COMMERCIAL BANKING.
13. Commercial Bank Operations.
14. Bank management and Profitability.
15. International Banking and Lending.
16. Regulation of Financial Institutions.
PART V: FINANCIAL INSTITUTIONS.
17. Thrift Institutions and Financial Companies.
18. Insurance Companies and Pension Funds.
19. Investment Banking and Venture Capital.
20. Investment Companies and Hedge Funds.
Glossary.
Credits and Acknowledgments.
Index.
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Detailed Contents
PART I: THE FINANCIAL SYSTEM.
Chapter 1. An Overview of Financial Markets and Institutions.
Chapter 2. The Federal Reserve and Its Powers.
Chapter 3. The Fed and Interest Rates.
PART II: HOW INTEREST RATES ARE DETERMINED.
Chapter 4. The Level of Interest Rates.
Chapter 5. Bond Prices and Interest Rate Risk.
Chapter 6. The Structure of Interest Rates.
PART III: FINANCIAL MARKETS.
Chapter 7. Money Markets.
Chapter 8. Bond Markets.
Chapter 9. Mortgage Markets.
Chapter 10. Equity Markets.
Chapter 11. Derivatives Markets.
Chapter 12. International Markets.
PART IV: COMMERCIAL BANKING.
Chapter 13. Commercial Bank Operations.
Chapter 14. Bank Management and Profitability.
Chapter 15. International Banking.
Chapter 16. Regulation of Financial Institutions.
PART V: FINANCIAL INSTITUTIONS.
Chapter 17. Thrift Institutions and Financial Companies.
Chapter 18. Insurance Companies and Pension Funds.
Chapter 19. Investment Banking.
Chapter 20. Investment Companies.
Glossary.
Credits and Acknowledgments.
Index.
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New to this Edition
•Emphasis on “Real-World” Data-
emphasis on how to read and interpret actual
financial data, such as that reported in the Wall Street Journal
or the Financial Times. The
book’s web presence was also inhanced to include updates and annotated
references to
relevant articles in the Wall Street Journal.
•Two rewritten chapters: Chapter 9, Mortgage markets,
was completely rewritten to
include the discussion of the mortgage lending process. Chapter
11, Derivative Securities, was
rewritten to include more real world examples and less institutional
detail.
•Personal finance examples are used where appropriate
(e.g., mortgage markets, equity
securities, mutual funds), to make the material more interesting,
easier to understand, and
relevant to students’ personal situations.
•“In Practice” boxes, replace the Global view boxes.
These describe a serious issue in
business practice or a trend that students should know about.
An example is: the trend that
banks around the world are rediscovering the power of branches
and are trying to learn
customer services practices from retailers.
•New international material in relevant chapters
through the book. The “A Global
View” boxes from the previous edition are incorporated into the
chapter text.
•New questions and problems have been added to
the end of each chapter
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Hallmark Features
•Comprehensive coverage of financial
institutions and markets, including the latest
topics and trends in the industry, including electronic banking,
electronic trading, and global
market interactions
•Learning Objectives are bullet points that alert
the student to the key elements they should
learn from the chapter.
•Do You Understand questions test students understanding
of key material.
•Chapter Take-Aways present a bulleted list of
the most important concepts the students
should take away from the chapter and are linked to the Chapter
Learning Objectives.
•People & Events boxes relate to hot topics
in the field and chapter learning objectives.
Professor Reviews
"The authors do a commendable job explaining
difficult-to-understand concepts in the management of financial
institutions. Their coverage of a range of topics is concise and
well-written."
Dennis Debrecht, Carroll College
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Supplements
Instructor supplements
Instructor's Manual with Test Questions 0-471-70759-7
This printed manual includes, Learning Objectives for the chapter,
Key points and concepts of the chapter, a brief discussion of the
important changes in the book from the eighth edition,answers to
the end-of-chapter questions and a test bank of at least 75 examination
questions per chapter (True-false, multiple choice, and essay.
PowerPoint Presentations
PowerPoint Presentations contain both the Lecture Outlines and
text art and tables for each chapter of the text.
Computerized Test Bank (Diploma)
Brownstone Research Group’s highly-acclaimed assessment software
for instructors, is available to adopters. It combines flexible
test-creation features with a comprehensive grade book for easy
administration and tracking of paper quizzes, network-based tests,
and Internet exams.
Studnet supplements
Student Study Guide 0-471-70757-0
This student supplement contains:
1.)CHAPTER OVERVIEW AND LEARNING OBJECTIVES: Provides the student
with an overall look at the chapter, its relationship to other chapters,
and identifies specific learning objectives.
2.) CAREER PLANNING NOTE -- Each chapter considers a topic related
to (1)general career planning concepts and (2) specific career opportunities
in the financial services industry.
3.) READING THE WALL STREET JOURNAL -- A number of chapters have
short essays related to the effective reading and use of The Wall
Street Journal. Specific tables and sections that pertain to specific
chapters, such as futures and options, are discussed in the appropriate
chapters.
4.)TOPIC OUTLINE AND KEY TERMS -- Provides a short-sentence outline
of each chapter and a definition of all key terms and concepts.
5.)SAMPLE TEST QUESTIONS -- Includes ten each of completion, true-false,
and multiple-choice questions to test the student's comprehension
of text concepts and terms.
6.) PROBLEMS -- Where applicable, problems and other analytical
questions are presented for students.
7.)ANNOTATED SOLUTIONS TO ALL QUESTIONS AND PROBLEMS -- Annotated
solutions provide reasoning and analysis and are as important to
student learning as are the questions.
PowerPoint Presentations
PowerPoint Presentations contain both the Lecture Outlines and
text art and tables for each chapter of the text.
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