Foundations of financial markets and institutions / Frank J. Fabozzi, Franco P. Modigliani and Frank J. Jones

Includes index.

1 Introduction -- 2 Financial Institutions, Financial Intermediaries, and Asset Management Firms -- 3 Depository Institutions: Activities and Characteristics -- 4 The U.S. Federal Reserve and the Creation of Money -- 5 Monetary Policy in the United States - 6 Insurance Companies -- 7 Investment Companies and Exchange-Traded Funds -- 8 Pension Funds -- 9 Properties and Pricing of Financial Assets -- 10 The Level and Structure of Interest Rates -- 11 The Term Structure of Interest Rates -- 12 Risk/Return and Asset Pricing Models -- 13 Primary Markets and the Underwriting of Securities -- 14 Secondary Markets -- 15 Treasury and Agency Securities Markets -- 16 Municipal Securities Markets -- 17 Markets for Common Stock: The Basic Characteristics -- 18 Markets for Common Stock: Structure and Organization -- 19 Markets for Corporate Senior Instruments: I -- 20 Markets for Corporate Senior Instruments: II -- 21 The Markets for Bank Obligations -- 22 The Residential Mortgage Market -- 23 Residential Mortgage-Backed Securities Market -- 24 Market for Commercial Mortgage Loans and Commercial Mortgage-Backed Securities -- 25 Market for Asset-Backed Securities -- 26 Financial Futures Markets -- 27 Options Markets -- 28 Pricing of Futures and Options Contracts -- 29 OTC Interest Rate Derivatives: Forward Rate Agreements, Swaps, Caps, and Floors -- 30 Market for Credit Risk Transfer Vehicles: Credit Derivatives and Collateralized Debt Obligations -- 31 The Market for Foreign Exchange and Risk Control Instruments

A core text for one semester courses in Financial Institutions and Markets. A comprehensive exploration of the world's financial markets and institutions. Foundations of Financial Markets and Institutions, offers a comprehensive exploration of the revolutionary developments occurring in the world's financial markets and institutions -i.e., innovation, globalization, and deregulation-with a focus on the actual practices of financial institutions, investors, and financial instruments. This fourth edition incorporates and addresses the vast amount of changes that have recently occurred in financial institutions and markets around the world