Foundations Of Financial Markets And Institutions covers financial organizations and the functioning of the financial market. It focuses on the rapid changes that occurred over the last two decades in the field of finance. The book describes the effects of globalization, deregulation, and new innovations in the field. The book begins with an overview of financial markets. It then looks at financial intermediaries and innovations in the financial markets. It discusses the role of the government in the financial market. The book then focuses on depository institutions and monetary policies.
Foundations Of Financial Markets And Institutions also covers non-depository financial intermediaries. It discusses interest rates and asset pricing models. The fifth part of the book covers the structure and organization of financial markets. The sixth part examines the market for government securities. The next part takes a look at the corporate securities. Part eight covers mortgage and securitized asset markets and the final part covers markets for derivative securities.
Foundations Of Financial Markets And Institutions provides an extensive coverage of the wide choices of financial instruments available today. It explains how all these instruments are responses to the requirements of various players in the financial market like the investors, borrowers and lenders. It provides an in-depth look at the securitization of assets and the mortgage markets. It covers the various aspects of global markets. This helps the students understand how international financial institutions and markets affect each other.
The book also contains a thorough coverage of the world’s leading financial institutions and their functioning. This edition contains new sections like the coverage of financial intermediaries and institutions, markets for commercial mortgage loans, and the market for credit risk transfer instruments. Revisions in this edition include the coverage of market regulations and the factors that drive financial innovations. It discusses algorithmic trading, internationalization and electronic trading. It also incorporates thorough revisions in the coverage of the market for asset backed securities and the residential mortgage market.
Foundations Of Financial Markets And Institutions covers all the changes taking place in the field and focuses on explaining the concepts and operations of financial institutions, instruments, and investors.
About The Authors Frank J. Fabozzi is an expert on structured finance and investment management. Another title by this author is Bond Markets, Analysis And Strategies. Frank Fabozzi is editor of the magazine, Journal of Portfolio Management. In 2002, he was inducted into the Hall of Fame of the Fixed Income Analysts Society.
Franco Modigliani is a professor of finance. Franco Modigliani is a member of the faculty of MIT. He is the professor of economics and finance. He is the International Economic Association’s Honorary President.
Frank J. Jones is an investment expert. Frank Jones works at The Guardian Life Insurance company and is the company’s Chief Investment Officer and the Executive Vice President. He is also the President of the Guardian’s family of Mutual Funds, The Park Avenue Portfolio.
Michael G. Ferri is a professor. He is a part of the faculty of George Mason University, Virginia. He works there as a professor of finance. He completed his PhD in economics at the University of North Carolina.
Table of Contents * Introduction. * Depository Institutions. * Non-Depository Financial Intermediaries. * Determinants Of Asset Prices And Interest Rates. * Organization And Structure Of Markets. * Markets For Government Debt. * Markets For Corporate Securities. * Mortgage And Securitized Asset Markets. * Markets For Derivative Securities.
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