PART 1: INTRODUCTION
- Why Study Financial Markets and Institutions?
- Overview of the Financial System
PART 2: FUNDAMENTALS OF FINANCIAL MARKETS
- What Do Interest Rates Mean and What Is Their Role in Valuation?
- Why Do Interest Rates Change?
- How Do Risk and Term Structure Affect Interest Rates?
- Are Financial Markets Efficient?
PART 3: FUNDAMENTALS OF FINANCIAL INSTITUTIONS
- Why Do Financial Institutions Exist?
- Why Do Financial Crises Occur and Why Are They So Damaging to the Economy?
PART 4: CENTRAL BANKING AND THE CONDUCT OF MONETARY POLICY
- Central Banks and the Federal Reserve System
- Conduct of Monetary Policy
PART 5: FINANCIAL MARKETS
- The Money Markets
- The Bond Market
- The Stock Market
- The Mortgage Markets
- The Foreign Exchange Market
- The International Financial System
PART 6: THE FINANCIAL INSTITUTIONS INDUSTRY
- Banking and the Management of Financial Institutions
- Financial Regulation
- Banking Industry: Structure and Competition
- The Mutual Fund Industry
- Insurance Companies and Pension Funds
- Investment Banks, Security Brokers and Dealers, and Venture Capital Firms
PART 7: THE MANAGEMENT OF FINANCIAL INSTITUTIONS
- Risk Management in Financial Institutions
- Hedging with Financial Derivatives
CHAPTERS ON THE WEB
- Financial Crises in Emerging Market Economies W-1
- Savings Associations and Credit Unions W-22
- Finance Companies