Financial Institutions: Markets and Money, EMEA Edition

Höfundar: David S. Kidwell; David W. Blackwell; David A. Whidbee; Richard W. Sias (Útgáfa: 12)
Financial Institutions: Markets and Money, EMEA Edition

Kaup valmöguleikar

Kidwell's Financial Institutions, 12th Edition presents a balanced introduction to the operation, mechanics, and structure of the U. S. financial system, emphasizing its institutions, markets, and financial instruments. The text discusses complex topics in a clear and concise fashion with an emphasis on "Real World" data, and people and event boxes, as well as personal finance examples to help retain topical interest.

Nánar um bókina

Útgefandi
Wiley Global Education UK
ISBN
9781119635789
Print ISBN
9781119589983
Format
ePub
Útgáfa
12
Höfundar
David S. Kidwell; David W. Blackwell; David A. Whidbee; Richard W. Sias
Tungumál
English
Útgefið
01/2020
Prent takmörkun á líftíma
100
Prent takmörkun
10
Afritunar takmörkun
2

Kaflar

  • COVER
  • TITLE PAGE
  • PREFACE
  • WHY READ THIS BOOK?
  • WHY THIS EDITION IS BETTER THAN PREVIOUS ONES
  • ORGANIZATION OF THE BOOK
  • ANCILLARY PACKAGE
  • ACKNOWLEDGMENTS
  • ABOUT THE AUTHORS
  • DAVID S. KIDWELL
  • DAVID W. BLACKWELL
  • DAVID A. WHIDBEE
  • RICHARD W. SIAS
  • PART 1: THE FINANCIAL SYSTEM
  • CHAPTER ONE: AN OVERVIEW OF FINANCIAL MARKETS AND INSTITUTIONS
  • 1.1 THE FINANCIAL SYSTEM
  • 1.2 FINANCIAL MARKETS AND DIRECT FINANCING
  • 1.3 TYPES OF FINANCIAL MARKETS
  • 1.4 THE MONEY MARKETS
  • 1.5 THE CAPITAL MARKETS
  • 1.6 FINANCIAL INTERMEDIARIES AND INDIRECT FINANCING
  • 1.7 TYPES OF FINANCIAL INTERMEDIARIES
  • 1.8 THE RISKS FINANCIAL INSTITUTIONS MANAGE
  • 1.9 REGULATION OF THE FINANCIAL SYSTEM
  • 1.10 ETHICS AND THE FINANCIAL SYSTEM
  • SUMMARY OF LEARNING OBJECTIVES
  • KEY TERMS
  • QUESTIONS AND PROBLEMS
  • CHAPTER TWO: THE FEDERAL RESERVE AND ITS POWERS
  • 2.1 ORIGINS OF THE FEDERAL RESERVE SYSTEM
  • 2.2 THE CURRENT STRUCTURE OF THE FED
  • 2.3 MONETARY POWERS OF THE BOARD OF GOVERNORS
  • 2.4 THE FED’S REGULATORY POWERS
  • 2.5 INDEPENDENCE OF THE FED
  • 2.6 THE FED’S BALANCE SHEET
  • 2.7 THE FED’S ROLE IN CHECK CLEARING AND THE GROWTH OF ELECTRONIC PAYMENTS
  • 2.8 FEDERAL RESERVE TOOLS OF MONETARY POLICY
  • SUMMARY OF LEARNING OBJECTIVES
  • KEY TERMS
  • QUESTIONS AND PROBLEMS
  • CHAPTER THREE: THE FED AND INTEREST RATES
  • 3.1 FEDERAL RESERVE CONTROL OF THE MONEY SUPPLY
  • 3.2 THE FED’S INFLUENCE ON INTEREST RATES
  • 3.3 THE TREASURY DEPARTMENT AND FISCAL POLICY
  • 3.4 GOALS OF MONETARY POLICY
  • 3.5 THE FED AND THE ECONOMY
  • 3.6 COMPLICATIONS OF MONETARY POLICY
  • 3.7 ANATOMY OF A FINANCIAL CRISIS
  • SUMMARY OF LEARNING OBJECTIVES
  • KEY TERMS
  • QUESTIONS AND PROBLEMS
  • PART 2: HOW INTEREST RATES ARE DETERMINED
  • CHAPTER FOUR: THE LEVEL OF INTEREST RATES
  • 4.1 WHAT ARE INTEREST RATES?
  • 4.2 THE REAL RATE OF INTEREST
  • 4.3 LOANABLE FUNDS THEORY OF INTEREST
  • 4.4 PRICE EXPECTATIONS AND INTEREST RATES
  • 4.5 A RESTATEMENT OF THE FISHER EQUATION
  • 4.6 FORECASTING INTEREST RATES
  • 4.7 INTEREST RATES AND CURRENCY VALUES
  • SUMMARY OF LEARNING OBJECTIVES
  • KEY TERMS
  • QUESTIONS AND PROBLEMS
  • CHAPTER FIVE: BOND PRICES AND INTEREST RATE RISK
  • 5.1 THE TIME VALUE OF MONEY
  • 5.2 BOND PRICING
  • 5.3 BOND YIELDS
  • 5.4 IMPORTANT BOND PRICING RELATIONSHIPS
  • 5.5 INTEREST RATE RISK AND DURATION
  • SUMMARY OF LEARNING OBJECTIVES
  • KEY TERMS
  • QUESTIONS AND PROBLEMS
  • CHAPTER SIX: THE STRUCTURE OF INTEREST RATES
  • 6.1 THE TERM STRUCTURE OF INTEREST RATES
  • 6.2 DEFAULT RISK
  • 6.3 TAX TREATMENT
  • 6.4 MARKETABILITY
  • 6.5 OPTIONS ON DEBT SECURITIES
  • 6.6 BEHAVIOR OF INTEREST RATES OVER THE BUSINESS CYCLE
  • SUMMARY OF LEARNING OBJECTIVES
  • KEY TERMS
  • QUESTIONS AND PROBLEMS
  • PART 3: FINANCIAL MARKETS
  • CHAPTER SEVEN: MONEY MARKETS
  • 7.1 HOW THE MONEY MARKETS WORK
  • 7.2 ECONOMIC ROLE OF THE MONEY MARKETS
  • 7.3 FEATURES OF MONEY MARKET INSTRUMENTS
  • 7.4 TREASURY BILLS
  • 7.5 FEDERAL AGENCY SECURITIES
  • 7.6 FEDERAL FUNDS
  • 7.7 OTHER MAJOR MONEY MARKET INSTRUMENTS
  • 7.8 MONEY MARKET PARTICIPANTS
  • 7.9 THE IMPACT OF THE 2007–2008 FINANCIAL CRISIS ON THE MONEY MARKETS
  • SUMMARY OF LEARNING OBJECTIVES
  • KEY TERMS
  • QUESTIONS AND PROBLEMS
  • CHAPTER EIGHT: BOND MARKETS
  • 8.1 FUNCTIONS OF THE CAPITAL MARKETS
  • 8.2 THE U.S. GOVERNMENT AND AGENCY SECURITIES
  • 8.3 STATE AND LOCAL GOVERNMENT BONDS
  • 8.4 CORPORATE BONDS
  • 8.5 FINANCIAL GUARANTEES
  • 8.6 SECURITIZED CREDIT INSTRUMENTS
  • 8.7 CAPITAL MARKET REGULATORS
  • 8.8 BOND MARKETS AROUND THE WORLD ARE INCREASINGLY LINKED
  • 8.9 THE IMPACT OF THE 2007–2008 FINANCIAL CRISIS ON THE BOND MARKETS
  • SUMMARY OF LEARNING OBJECTIVES
  • KEY TERMS
  • QUESTIONS AND PROBLEMS
  • CHAPTER NINE: MORTGAGE MARKETS AND MORTGAGE‐BACKED SECURITIES
  • 9.1 THE UNIQUE NATURE OF MORTGAGE MARKETS
  • 9.2 TYPES OF MORTGAGES
  • 9.3 MORTGAGE QUALIFYING
  • 9.4 MORTGAGE‐BACKED SECURITIES
  • 9.5 MORTGAGE PREPAYMENT RISK AND OTHER MBS
  • 9.6 PARTICIPANTS IN THE MORTGAGE MARKETS
  • 9.7 RELATIONSHIP BETWEEN MORTGAGE MARKETS AND THE CAPITAL MARKETS
  • SUMMARY OF LEARNING OBJECTIVES
  • KEY TERMS
  • QUESTIONS AND PROBLEMS
  • CHAPTER TEN: EQUITY MARKETS
  • 10.1  WHAT ARE EQUITY SECURITIES?
  • 10.2  EQUITY MARKETS
  • 10.3  EQUITY TRADING
  • 10.4  GLOBAL STOCK MARKETS
  • 10.5  LARGE‐SCALE AND HIGH FREQUENCY TRADING
  • 10.6  REGULATION OF EQUITY MARKETS
  • 10.7  STOCK MARKET INDEXES
  • SUMMARY OF LEARNING OBJECTIVES
  • KEY TERMS
  • QUESTIONS AND PROBLEMS
  • CHAPTER ELEVEN: DERIVATIVES MARKETS
  • 11.1  THE NATURE OF DERIVATIVE SECURITIES
  • 11.2  FORWARD MARKETS
  • 11.3  FUTURES MARKETS
  • 11.4  USES OF THE FINANCIAL FUTURES MARKETS
  • 11.5  RISKS IN THE FUTURES MARKETS
  • 11.6  OPTIONS MARKETS
  • 11.7  SWAP MARKETS
  • KEY TERMS
  • SUMMARY OF LEARNING OBJECTIVES
  • QUESTIONS AND PROBLEMS
  • CHAPTER TWELVE: INTERNATIONAL MARKETS
  • 12.1 THE DIFFICULTIES OF INTERNATIONAL TRADE
  • 12.2 EXCHANGE RATES
  • 12.3 BALANCE OF PAYMENTS
  • 12.4 FOREIGN EXCHANGE MARKETS
  • 12.5 SPOT AND FORWARD TRANSACTIONS
  • 12.6 CAPITAL FLOWS AND EXCHANGE RATES
  • 12.7 GOVERNMENT INTERVENTION IN FOREIGN EXCHANGE MARKETS
  • 12.8 FINANCING INTERNATIONAL TRADE
  • 12.9 INTERNATIONAL MONEY AND CAPITAL MARKETS
  • 12.10 THE GLOBALIZATION OF FINANCIAL MARKETS
  • SUMMARY OF LEARNING OBJECTIVES
  • KEY TERMS
  • QUESTIONS AND PROBLEMS
  • PART 4: COMMERCIAL BANKING
  • CHAPTER THIRTEEN: COMMERCIAL BANK OPERATIONS
  • 13.1 AN OVERVIEW OF THE BANKING INDUSTRY
  • 13.2 BALANCE SHEET FOR A COMMERCIAL BANK
  • 13.3 THE SOURCE OF BANK FUNDS
  • 13.4 BANK USES OF FUNDS: BANK INVESTMENTS AND CASH ASSETS
  • 13.5 BANK USES OF FUNDS: LOANS AND LEASES
  • 13.6 LOAN PRICING
  • 13.7 ANALYSIS OF LOAN CREDIT RISK
  • 13.8 FEE‐BASED SERVICES
  • 13.9 OFF‐BALANCE‐SHEET BANKING
  • 13.10 BANK EARNINGS
  • 13.11 BANK PERFORMANCE
  • SUMMARY OF LEARNING OBJECTIVES
  • KEY TERMS
  • QUESTIONS AND PROBLEMS
  • CHAPTER FOURTEEN: INTERNATIONAL BANKING
  • 14.1 DEVELOPMENT OF INTERNATIONAL BANKING
  • 14.2 REGULATION OF OVERSEAS BANKING ACTIVITIES
  • 14.3 DELIVERY OF OVERSEAS BANKING SERVICES
  • 14.4 INTERNATIONAL LENDING
  • 14.5 FOREIGN BANKS IN THE UNITED STATES
  • 14.6 FUTURE DIRECTIONS OF INTERNATIONAL BANKING
  • SUMMARY OF LEARNING OBJECTIVES
  • KEY TERMS
  • QUESTIONS AND PROBLEMS
  • CHAPTER FIFTEEN: REGULATION OF FINANCIAL INSTITUTIONS
  • 15.1 REASONS FOR REGULATION
  • 15.2 BANK FAILURES AND REGULATION
  • 15.3 SAFETY AND SOUNDNESS REGULATION: DEPOSIT INSURANCE
  • 15.4 DEPOSIT INSURANCE ISSUES
  • 15.5 SAFETY AND SOUNDNESS REGULATION: CAPITAL REQUIREMENTS
  • 15.6 BANK EXAMINATIONS
  • 15.7 STRUCTURE AND COMPETITION REGULATIONS
  • 15.8 CONSUMER PROTECTION REGULATIONS
  • 15.9 BANK REGULATORS
  • SUMMARY OF LEARNING OBJECTIVES
  • KEY TERMS
  • QUESTIONS AND PROBLEMS
  • PART 5: FINANCIAL INSTITUTIONS
  • CHAPTER SIXTEEN: THRIFT INSTITUTIONS AND FINANCE COMPANIES
  • 16.1 HISTORICAL DEVELOPMENT OF SAVINGS INSTITUTIONS
  • 16.2 OPERATIONS OF SAVINGS INSTITUTIONS
  • 16.3 CREDIT UNIONS
  • 16.4 THRIFT INSTITUTIONS AROUND THE GLOBE
  • 16.5 FINANCE COMPANIES
  • SUMMARY OF LEARNING OBJECTIVES
  • KEY TERMS
  • QUESTIONS AND PROBLEMS
  • CHAPTER SEVENTEEN: INSURANCE COMPANIES AND PENSION FUNDS
  • 17.1 INSURANCE
  • 17.2 THE INSURANCE INDUSTRY
  • 17.3 LIFE AND HEALTH INSURANCE PRODUCTS
  • 17.4 PROPERTY AND LIABILITY INSURANCE PRODUCTS
  • 17.5 PENSIONS
  • SUMMARY OF LEARNING OBJECTIVES
  • KEY TERMS
  • QUESTIONS AND PROBLEMS
  • CHAPTER EIGHTEEN: INVESTMENT BANKING
  • 18.1 THE RELATIONSHIP BETWEEN COMMERCIAL AND INVESTMENT BANKING
  • 18.2 PRIMARY SERVICES OF AN INVESTMENT BANK
  • 18.3 PRIVATE EQUITY
  • SUMMARY OF LEARNING OBJECTIVES
  • KEY TERMS
  • QUESTIONS AND PROBLEMS
  • CHAPTER NINETEEN: INVESTMENT COMPANIES
  • 19.1 INVESTMENT COMPANIES
  • 19.2 OPEN‐END MUTUAL FUNDS
  • 19.3 CLOSED‐END MUTUAL FUNDS
  • 19.4 EXCHANGE‐TRADED FUNDS
  • 19.5 HEDGE FUNDS
  • 19.6 REAL ESTATE INVESTMENT TRUSTS
  • SUMMARY OF LEARNING OBJECTIVES
  • KEY TERMS
  • QUESTIONS AND PROBLEMS
  • CHAPTER TWENTY: RISK MANAGEMENT IN FINANCIAL INSTITUTIONS
  • 20.1 THE DILEMMA: PROFITABILITY VERSUS SAFETY
  • 20.2 LIQUIDITY MANAGEMENT
  • 20.3 MANAGING CREDIT RISK
  • 20.4 MEASURING AND ASSESSING INTEREST RATE RISK
  • 20.5 HEDGING INTEREST RATE RISK
  • SUMMARY OF LEARNING OBJECTIVES
  • KEY TERMS
  • QUESTIONS AND PROBLEMS
  • GLOSSARY
  • INDEX
  • END USER LICENSE AGREEMENT