Financial Markets and Institutions, 6e offers a unique analysis of the risks faced by investors and savers interacting through financial institutions and financial markets, as well as strategies that can be adopted for controlling and managing risks. Special emphasis is put on new areas of operations in financial markets and institutions such as asset securitization, off-balance-sheet activities, and globalization of financial services. Then, resources within Connect Plus help students solve financial problems and apply what they've learned. Saunders' strong markets focus and superior pedagogy combine with a complete digital solution to help students achieve higher outcomes in the course
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Offers an analysis of the risks faced by investors and savers interacting through financial institutions and financial markets, as well as strategies that can be adopted for controlling and managing risks.
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Part I. Introduction and Overview of Financial Markets1.Introduction2.Determinants of Interest Rates3.Interest Rates and Security Valuation4.The Federal Reserve System, Monetary Policy, and Interest RatesPart II. Securities Markets5.Money Markets6.Bond Markets7.Mortgage Markets8.Stock Markets9.Foreign Exchange Markets10.Derivative Securities MarketsPart III. Commercial Banks11.Commercial Banks: Industry Overview12.Commercial Banks' Financial Statements and Analysis13.Regulation of Commercial BanksPart IV. Other Financial Institutions14.Other Lending Institutions: Savings Institutions, Credit Unions, and Finance Companies 15.Insurance Companies16.Securities Firms and Investment Banks17.Mutual Funds and Hedge Funds18.Pension FundsPart V. Risk Management in Financial Institutions19.Types of Risks Incurred by Financial Institutions20.Managing Credit Risk on the Balance Sheet 21.Managing Liquidity Risk on the Balance Sheet22.Managing Interest Rate and Insolvency Risk on the Balance Sheet23.Managing Risk off the Balance Sheet with Derivative Securities24.Managing Risk off the Balance Sheet with Loan Sales and Securitization
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6. utgave
McGraw Hill Higher Education
1608 gr
279 mm
219 mm
24 mm
01, 05, G, U
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Anthony Saunders received his Ph.D. from the London School of Economics. He is John M. Schiff Professor of Finance and the former chair of the Department of Finance at the Stern School of Business at New York University. Dr. Saunders has taught both undergraduate and graduate level courses at New York University since 1978. Throughout his academic career, his teaching and research have specialized in financial institutions and international banking. He has served as a visiting professor all over the world, including INSEAD, the Stockholm School of Economics, and the University of Melbourne. He is currently on the Executive Committee of the Salomon Center for the Study of Financial Institutions, New York University. His research has been published in all the major money and banking and finance journals and in several books. In addition, he has authored or co-authored several professional books, the most recent of which is Credit Risk Measurement: New Approaches to Value at Risk and Other Paradigms. Marcia Millon Cornett received a B.S. in economics from Knox College and her M.B.A. and Ph.D. in finance from Indiana University, Bloomington. She is Robert A. and Julia E. Dorn Professor of Finance at Bentley University. Dr. Cornett is co-author with Anthony Saunders of Financial Institutions Management and Financial Markets and Institutions. She serves as an associate editor for the Journal of Banking and Finance, the Journal of Financial Services Research, Review of Financial Economics, Financial Review, and Multinational Finance Journal. Dr. Cornett has served on the board of directors, the executive committee, and the finance committee of the Southern Illinois University Credit Union. Dr. Cornett has taught at Southern Illinois University at Carbondale, the University of Colorado, Boston College, and Southern Methodist University. She is a member of the Financial Management Association, the American Finance Association, and the Western Finance Association.