An Introduction to Financial Markets and Institutions / Edition 2

by Maureen Burton, Reynold F. Nesiba, Bruce Brown

Overview

Completely revised and updated to include the ongoing financial crisis and the Obama administration's programs to combat it, this is the best available introductory textbook for an undergraduate course on Financial Markets and Institutions. It provides balanced coverage of theories, policies, and institutions in a conversational style that avoids complex models and mathematics, making it a student-friendly text with many unique teaching features. Financial crises, global competition, deregulation, technological innovation, and growing government oversight have significantly changed financial markets and institutions. The new edition of this text is designed to capture the ongoing changes, and to present an analytical framework that enables students to understand and anticipate changes in the financial system and accompanying changes in markets and institutions. The text includes Learning Objectives and end-of-chapter Key Words and Questions, and an online Instructor's Manual is available to adopters.

Product Details

ISBN-13:	9780765622761
Publisher:	Taylor & Francis
Publication date:	02/15/2010
Edition description:	New Edition
Pages:	696
Product dimensions:	7.90(w) x 9.90(h) x 1.40(d)

About the Author

Maureen Burton, Reynold F. Nesiba, Bruce Brown

Table of Contents

1: Introduction; 1: Introduction and Overview; 2: Money: A Unique Financial Instrument; 3: Financial Markets, Instruments, and Market Makers; 4: An Introduction to Financial Intermediaries and Risk; 2: Financial Prices; 5: Interest Rates and Bond Prices; 6: The Structure of Interest Rates; 7: Market Efficiency and the Flow of Funds Among Sectors; 8: How Exchange Rates Are Determined; 3: Central Banking and Monetary Policy; 9: The Overseer: The Federal Reserve System; 10: Monetary Policy; 4: Financial Markets; 11: The Money Markets; 12: The Corporate and Government Bond Markets; 13: The Stock Market; 14: The Mortgage Market; 5: Financial Institutions; 15: Commercial Banking Structure, Regulation, and Performance; 16: Savings Associations and Credit Unions; 17: Regulation of the Banking System and the Financial Services Industry; 18: Insurance Companies; 19: Pension Plans and Finance Companies; 20: Securities Firms, Mutual Funds, and Financial Conglomerates; 6: Managing Financial Risk; 21: Financial Instability and Strains on the Financial System; 22: Risk Assessment and Management; 23: Forward, Futures, and Options Agreements; 24: Asset-Backed Securities, Interest Rate Agreements, and Currency Swaps; 7: The International Financial System; 25: The International Financial System; 26: Monetary Policy in a Globalized Financial System