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An Introduction to Financial Markets and Institutions, Second Edition
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Comments/Reviews
Description: Completely revised and updated to include the ongoing financial crisis and the Obama administration's programs to combat it, this is the best available introductory textbook for an undergraduate course on Financial Markets and Institutions. It provides balanced coverage of theories, policies, and institutions in a conversational style that avoids complex models and mathematics, making it a student-friendly text with many unique teaching features.
Financial crises, global competition, deregulation, technological innovation, and growing government oversight have significantly changed financial markets and institutions. The new edition of this text is designed to capture the ongoing changes, and to present an analytical framework that enables students to understand and anticipate changes in the financial system and accompanying changes in markets and institutions. The text includes Learning Objectives and end-of-chapter Key Words and Questions, and an online Instructor's Manual is available to adopters.
Selected Contents:
Part 1 Introduction
Chapter 1 Introduction and Overview
Chapter 2 Money, A Unique Financial Instrument
Chapter 3 Financial Markets, Instruments, and Market Makers
Chapter 4 An Introduction to Financial Intermediaries and Risk
Part 2 Financial Prices
Chapter 5 Interest Rates and Bond Prices
Chapter 6 The Structure of Interest Rates
Chapter 7 Market Efficiency and the Flow of Funds Among Sectors
Chapter 8 How Exchange Rates are Determined
Part # Central Banking and Monteary Policy
Chapter 9 The Overseer: The Federal Reserve System
Chapter 10 Monetary Policy
Part 4 Financial Markets
Chapter 11 The Money Markets
Chapter 12 The Corporate and Government Bond Markets
Chapter 13 The Stock Market
Chapter 14 The Mortgage Market
Part5 Financial Institutions
Chapter 15 Commercial Banking Structure, Regulation, and Performance
Chapter 16 Savings Associations and Credit Unions
Chapter 17 Regulation of the Banking System and the Financial Services Industry
Chapter 18 Insurance Companies
Chapter 19 Pension Plans and Finance Companies
Part 6 Managing Financial Risk
Chapter 20 Securities Firms, Mutual Funds, and Financial Conglomerates
Chapter 21 Financial Instability and Strains on the Financial System
Chapter 22 Risk Assessment and Management
Chapter 23 Forward, Futures, and Options Agreements
Chapter 24 Asset Backed Securities, Interest Rate Agreements and Currency Swaps
Part 7 The International Financial System
Chapter 25 The International Financial System
Chapter 26 Monetary Policy in a Globalized Financial System
Glossary
Index
Comment(s): "Authors Burton, Nesiba, and Brown provide a solid overview of the global financial system in an informative and engaging manner. The chapter on financial instability and crises is by far the best in any textbook, especially because it emphasizes that these events are part of normal capitalist processes rather than the product of random disturbances." -- David A. Zalewski, Providence College
"The concepts and principles presented are highly pertinent to students and policymakers alike. The organization and natural flow of topics and how they are presented make this the most relevant Financial Markets and Institutions text for classroom use that I have ever encountered in my career." -- Robert A. Uptegraff, Jr., Walsh College
" An Introduction to Financial Markets and Institutions by Maureen Burton, Reynold Nesiba, and Bruce Brown fills an important market niche. It is less theoretical than other leading Financial Markets texts, but still presents the most relevant material in an accessible manner. Topics are well connected so that students can see the overall picture, and the boxed features relate to the body of the text in a very clear and instructive way. Anyone looking for a current, serious, and complete explanation of financial markets and institutions should take a close look at this well-organized and user-friendly book." -- Edward P. McDevitt, UCLA
    
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