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Capital Markets: Instituitions and Instruments, 2/e

Capital Markets: Instituitions and Instruments 2e
(order desk copy)

Frank J. Fabozzi, University of Institute of Technology
Franco Modigliani, Massachusetts Institue of Technology

The purpose of this book is to describe the wide range of instruments for financing, investing, and controlling risk that are available in today's financial markets. The scope includes the asset, liability, and management problems faced by institutional investors and the strategies they employ. Coverage includes derivative markets as part of the global capital markets, as well as option theory, the mortgage market, and the securitization of assets.



Features | Table of Contents | Supplements


Features

  • The text describes the major players and the problems they face, providing an opportunity for students to appreciate instruments and strategies employing those instruments.
  • Includes comprehensive coverage of the securities, highlighting the importance of a thorough understanding of securities, and includes the reasons why new security structures have been introduced.
  • Explains all derivative instruments and how they are used by borrowers and institutional investors to identify and resolve the controversy surrounding this topic.
  • The text ties together theory and practice.
  • Integrates international coverage throughout the text, recognizing the important roles and players of the foreign and global markets.
  • In this edition, the coverage of risk and return theories has been expanded to two chapters (Chs. 8 & 9).
  • A new chapter introducing the swaps market has been included early in the book (Ch. 12).
  • The coverage of interest rate determination has been expanded from two chapters in the previous edition to three chapters (Chs. 16, 17 & 18).
  • Includes a new chapter devoted to asset-backed securities (Ch. 27).
  • Each chapter includes at least 50% more questions.



    • Features | Table of Contents | Supplements | Top


    Table of Contents

    1. Introduction.
    I. THE PLAYERS.
    2. Overview of Market Participants and Financial Innovation.
    3. Depository Institutions.
    4. Nondepository Institutions.
    5. Investment Banking Firms.
    II. ORGANIZATION AND STRUCTURE OF MARKETS.
    6. The Primary Markets.
    7. Secondary Markets.
    III. RISK AND RETURN THEORIES.
    8. Risk and Return Theories: I.
    9. Risk and Return Theories: II.
    IV. DERIVATIVES MARKETS.
    10. Introduction to Financial Futures Markets.
    11. Introduction to Options Markets.
    12. Introduction to Swaps, Caps and Floors Markets.
    V. THE EQUITY MARKET.
    13. Common Stock Market.
    14. Stock Options Markets.
    15. Stock Index Derivative Markets.
    VI. INTEREST RATE DETERMINATION AND BOND VALUATION.
    16. The Theory and Structure of Interest Rates.
    17. Valuation of Debt Contracts and Their Price Volatility Characteristics.
    18. The Term Structure of Interest Rates.
    VII. DEBT MARKETS.
    19. Money Markets.
    20. Treasury and Agency Securities Markets.
    21. Corporate Bond Market.
    22. Medium-Term Note, Bank Loan, and Preferred Stock Markets.
    23. Municipal Securities Markets.
    24. The Mortgage Market.
    25. Market for Mortgage Pass-Through Securities.
    26. The Market for Collateralized Mortgage Obligations.
    27. The Market Asset-Backed Securities.
    28. Exchange-Traded Interest Rate Futures and Options.
    29. Over-the-Counter Interest Rate Derivative Markets.
    VIII. FOREIGN EXCHANGE MARKETS.
    30. Foreign Exchange Market.
    31. Instruments for Controlling Foreign-Exchange Risk.


    Features | Table of Contents | Supplements | Top


    Supplements

  • Instructor's Manual with Test Item File (0-13-394032-2); (39403-1)
  • Test Manager (0-13-394040-3); (39404-9)



    • Features | Table of Contents | Supplements | Top



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