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Modern Financial Intermediaries and Markets

Modern Financial Intermediaries and Markets
(order desk copy)

Nasser Arshadi, University of Missouri, St. Louis
Gordon V. Karels, University of Nebraska, Lincoln

Modern Financial Intermediaries and Markets takes a unique approach by presenting financial intermediation as a process that goes beyond the institutional details of financial institutions and markets. It uses "transactions cost" as a paradigm to explain how markets and firms are established and how financial institutions play a unique role in producing information-driven financial products.



Features | Table of Contents | Supplements


Features

  • It integrates topics under a running theme (transactions cost) to illustrate the connection among them and to improve students' learning and retention of those topics.
  • It is the only book in this market that explains how markets and firms are established (Chapter 2) and how financial institutions as unique entities are developed (Chapters 3 & 4).
  • Provides extensive coverage of the modern functions of financial institutions such as off-balance-sheet, loan sales, and securitization activities (Chapter 5) and derivatives and the management of financial risk (Chapters 15-18).
  • Explains major market transactions including takeovers, defensive tactics, and insider trading (Chapter 14).
  • Presents future trends in financial institutions and markets by examining universal banks offering bank, insurance, and investment products and continuous, electronic markets without exchange floors or brokers (Chapter 19).
  • Presents a modern, global perspective that integrates international issues throughout the book.
  • Offers real-world examples and problems throughout the book.
  • Provides a regularly updated web site that will be available for coverage of current issues related to those addressed in the book.


Features | Table of Contents | Supplements | Top


Table of Contents

I. FINANCIAL INTERMEDIATION
  1. A Framework for Studying Financial Intermediaries and Markets.
  2. Why Do Firms Exist?
  3. Why Do Financial Intermediaries Exist?
  4. Basic Functions of Depository Intermediaries.
  5. Modern Functions of Depository Intermediaries: Off- Balance-Sheet, Loan Sale, and Securitization Activities.
  6. Regulation of Depository Financial Intermediaries.
  7. The Deposit Insurance System.
  8. Nondepository Financial Intermediaries: Insurance Companies.
  9. Nondepository Financial Intermediaries: Pension Funds, Mutual Funds, Investment Banks, and Finance Companies.
  10. Global Financial Intermediation.
II. FINANCIAL MARKETS
  1. Market Efficiency and Asset Pricing.
  2. Level and Structure of Interest Rates.
  3. Money and Capital Markets.
  4. Major Capital Market Transactions: Takeovers, Defensive Tactics, and Insider Trading.
III. FINANCIAL DERIVATIVES
  1. Derivatives and the Management of Financial Risk.
  2. Forwards and Futures.
  3. Swaps.
  4. Options.
  5. Future Trends in Financial Intermediation and Markets.


Features | Table of Contents | Supplements | Top


Supplements

Instructor's Manual w/ Test Bank (0-13-266040-7); (26604-9)

Test Item File Disk (0-13-266057-1); (26605-6)


Features | Table of Contents | Supplements | Top



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