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Foundations of Financial Markets and Institutions, 2/e

Personal Portfolio Management: Fundamentals and Strategies, 1/e
(order desk copy)

Frank J. Fabozzi, Yale University
Franco Modigliani, Massachusetts Institute of Technology
Michael G. Ferri, George Mason University
Frank J. Jones, The Guardian Newspaper

This text offers a comprehensive exploration of the revolutionary developments occurring in the world's financial markets and institutions--innovation, globalization, and deregulation--with a focus on the actual practices of financial institutions, investors, and financial instruments.




Features | Table of Contents | Supplements



Features

  • Features lengthy coverage of the mortgage market and the securitization of assets.
  • Provides an extensive introduction to international or global aspects of contemporary finance.
    • Explains in depth how the world's major financial markets and institutions interact with one another.
    • Discussions range across a wide field, encompassing markets for bonds and stocks as well as mutual funds in Tokyo, London, Frankfurt, and Paris, among other places.
  • Offers extensive coverage of the markets for derivative securities, such as options, futures, swaps, customized agreements for controlling interest rate risk, etc.
    • Offers fundamental information about the structure of these derivatives, the markets where they are traded, the principles for pricing them, and the applications to which financial practitioners can put them.
  • Describes the wide array of financial instruments available in today's markets for investing, financing operations, and controlling the various kinds of financial risk.
    • Shows how the instruments are responses to the needs of borrowers, lenders, and investors.
  • Explains in depth how the world's key financial institutions manage their assets and liabilities in a complicated environment of varying interest rates and asset prices, regulatory constraints, accounting rules, and international competition and opportunities.
  • Provides a thorough introduction to financial regulation.
  • Presents the institutional structure and analytical tools for understanding financial innovations that will surely occur and that will affect the financial world in which students will be working in the future.



  • Features | Table of Contents | Supplements | Top


    Table of Contents

    I. INTRODUCTION.
    1. Introduction.
    2. Financial Intermediaries and Financial Innovation.
    3. The Role of the Government in Financial Markets.
    II. DEPOSITORY INSTITUTIONS.
    4. Depository Institutions: Activities and Characteristics.
    5. Central Banks and the Creation of Money.
    6. Monetary Policy.
    III. NON-DEPOSITORY FINANCIAL INTERMEDIARIES.
    7. Insurance Companies.
    8. Investment Companies.
    9. Pension Funds.
    IV. DETERMINANTS OF ASSET PRICES AND INTEREST RATES.
    10. Properties and Pricing of Financial Assets.
    11. The Level and Structure of Interest Rates.
    12. The Term Structure of Interest Rates.
    13. Risk/Return and Asset Pricing Models.
    V. ORGANIZATION AND STRUCTURE OF MARKETS.
    14. Primary Markets and the Underwriting of Securities.
    15. Secondary Markets.
    VI. MARKETS FOR GOVERNMENT DEBT.
    16. Treasury and Agency Securities Markets.
    17. Municipal Securities Markets.
    VII. MARKETS FOR CORPORATE SECURITIES.
    18. Common Stock Markets in the United States.
    19. Stock Markets around the World.
    20. Markets for Corporate Senior Instruments: I.
    21. Corporate Senior Instruments: II.
    22. The Markets for Bank Obligations.
    VIII. MORTGAGE AND SECURITIZED ASSET MARKETS.
    23. The Mortgage Market.
    24. Mortgage-Backed Securities Market.
    25. Asset-Backed Securities Market.
    IX. MARKETS FOR DERIVATIVE SECURITIES.
    26. Financial Futures Markets.
    27. Options Markets.
    28. Pricing of Futures and Options Contracts.
    29. The Applications of Futures and Options Contracts.
    30. Interest Rate Swap and Interest Rate Agreement Market.
    31. The Market for Foreign Exchange Rate Risk Control Instruments.
    Index.



    Features | Table of Contents | Supplements | Top


    Supplements

  • Instructor's Manual with Solutions (0-13-672197-4); (67219-6)
  • Test Bank (0-13-905746-3); (90574-5)
  • PowerPoint Transparencies (0-13-905753-6); (90575-2)
  • Surfing for Success in Finance (0-13-648460-3); (64846-9)



  • Features | Table of Contents | Supplements | Top


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