9780077861667

Financial Markets and Institutions, 6e offers a unique analysis of the risks faced by investors and savers interacting through financial institutions and financial markets, as well as strategies that can be adopted for controlling and managing risks. Special emphasis is put on new areas of operations in financial markets and institutions such as asset securitization, off-balance-sheet activities, and globalization of financial services. Then, resources within Connect help students solve financial problems and apply what they’ve learned. Saunders’ strong markets focus and superior pedagogy combine with a complete digital solution to help students achieve higher outcomes in the course.

Connect is the only integrated learning system that empowers students by continuously adapting to deliver precisely what they need, when they need it, and how they need it, so that your class time is more engaging and effective.

Part I. Introduction and Overview of Financial Markets
1. Introduction
2. Determinants of Interest Rates
3. Interest Rates and Security Valuation
4. The Federal Reserve System, Monetary Policy, and Interest Rates
Part II. Securities Markets
5. Money Markets
6. Bond Markets
7. Mortgage Markets
8. Stock Markets
9. Foreign Exchange Markets
10. Derivative Securities Markets
Part III. Commercial Banks
11. Commercial Banks: Industry Overview
12. Commercial Banks’ Financial Statements and Analysis
13. Regulation of Commercial Banks
Part IV. Other Financial Institutions
14. Other Lending Institutions: Savings Institutions, Credit Unions, and Finance Companies
15. Insurance Companies
16. Securities Firms and Investment Banks
17. Mutual Funds and Hedge Funds
18. Pension Funds
Part V. Risk Management in Financial Institutions
19. Types of Risks Incurred by Financial Institutions
20. Managing Credit Risk on the Balance Sheet
21. Managing Liquidity Risk on the Balance Sheet
22. Managing Interest Rate and Insolvency Risk on the Balance Sheet
23. Managing Risk off the Balance Sheet with Derivative Securities
24. Managing Risk off the Balance Sheet with Loan Sales and Securitization

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Financial Markets and Institutions

Financial Markets and Institutions

0077861663

Summary

Table of Contents

1. Introduction

2. Determinants of Interest Rates

3. Interest Rates and Security Valuation

4. The Federal Reserve System, Monetary Policy, and Interest Rates

Part II. Securities Markets

5. Money Markets

6. Bond Markets

7. Mortgage Markets

8. Stock Markets

9. Foreign Exchange Markets

10. Derivative Securities Markets

Part III. Commercial Banks

11. Commercial Banks: Industry Overview

12. Commercial Banks’ Financial Statements and Analysis

13. Regulation of Commercial Banks

Part IV. Other Financial Institutions

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

15. Insurance Companies

16. Securities Firms and Investment Banks

17. Mutual Funds and Hedge Funds

18. Pension Funds

Part V. Risk Management in Financial Institutions

19. Types of Risks Incurred by Financial Institutions

20. Managing Credit Risk on the Balance Sheet

21. Managing Liquidity Risk on the Balance Sheet

22. Managing Interest Rate and Insolvency Risk on the Balance Sheet

23. Managing Risk off the Balance Sheet with Derivative Securities

24. Managing Risk off the Balance Sheet with Loan Sales and Securitization

Supplemental Materials