Financial Institutions, Markets, and Money
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品牌: David S. Kidwell
基本信息出版社:John Wiley & Sons Ltd; 11th International student edition (2012年2月20日)平装:688页正文语种:英语ISBN:0470646195条形码:9780470646199商品尺寸:20.6 x 2.3 x 24.9 cm商品重量:1.2 KgASIN:0470646195商品描述内容简介Kidwell′sFinancial Institutions11thEdition presents a balanced introduction to the operation, mechanics, and structure of the U.S. financial system, emphasizing its institutions, markets, and financial instruments. The text discusses complex topics in a clear and concise fashion with an emphasis on "Real World" data, and people and event boxes, as well as personal finance examples to help retain topical interest.
Each author brings something unique to this new edition. David Kidwell, formerly Dean of the Carlson School of Business, is a gifted storyteller with a keen insight on what it takes to reach readers. He is also currently writing a Corporate Finance text and is Chair of the Finance department at Texas A&M University. David Whidbee is an Assoc. Dean at Washington State University. He has won numerous teaching and research awards.
目录Financial Institutions, Markets and Money (11th Edition)
ContentsPart I , THE FINANCIAL SYSTEM
Chapter 1 An Overview of Financial Markets and Institutions
Chapter Preview
Learning Objectives
1.1 The Financial System
1.2 Financial Markets and Direct Financing
Do You Understand?
PEOPLE & EVENTS: Wall Street Faces Global Competition
1.3 Types of Financial Markets
1.4 The Money Markets
1.5 The Capital Markets
Do You Understand?
1.6 Financial Intermediaries and Indirect Financing
Do You Understand?
1.7 Types of Financial Intermediaries
Do You Understand?
1.8 The Risks Financial Institutions Manage
1.9 Regulation of the Financial System
Do You Understand?
Summary of Learning Objectives
Key Terms
Questions and Problems
Internet Exercise
Chapter 2 The Federal Reserve and Its Powers
Chapter Preview
Learning Objectives
2.1 Origins of The Federal Reserve System
PEOPLE & EVENTS: Free Banking and Wildcat Banks
2.2 The Current Structure of The Fed
2.3 Monetary Powers of the Board of Governors
2.4 The Fed′s Regulatory Powers
2.5 Independence of The Fed
Do You Understand?
2.6 The Fed′s Balance Sheet
Learning by Doing 2.1: Computing a Bank′s Excess Reserve Position
2.7 The Fed′s Role In Check Clearing
2.8 Federal Reserve Tools of Monetary Policy
PEOPLE & EVENTS: A Contrast In Style: Greenspan versus Bernanke
Learning by Doing 2.2: Calculating a Bank′s Reserve Position
Summary of Learning Objectives
Key Terms
Questions and Problems
Internet Exercise
Chapter 3 The Fed and Interest Rates
Chapter Preview
Learning Objectives
3.1 Federal Reserve Control of The Money Supply
3.2 The Fed′s Influence on Interest Rates
3.3 The Treasury Department and Fiscal Policy
Do You Understand?
3.4 Goals of Monetary Policy
PEOPLE & EVENTS: The Fed as Lender of Last Resort: Preventing a Financial Panic
3.5 The Fed and the Economy
PEOPLE & EVENTS: Black Monday
3.6 Complications of Monetary Policy
3.7 Anatomy of a Financial Crisis
Do You Understand?
Summary of Learning Objectives
Key Terms
Questions and Problems
Internet Exercise
Part II, How Interest Rates Are Determined
Chapter 4 The Level of Interest Rates
Chapter Preview
Learning Objectives
4.1 What Are Interest Rates?
4.2 The Real Rate of Interest
4.3 Loanable Funds Theory of Interest
Do You Understand?
4.4 Price Expectations and Interest Rates
PEOPLE & EVENTS: Irving Fisher (1867–1947): Economist
Do You Understand?
PEOPLE & EVENTS: Estimating the Expected Rate of Inflation from TIPS
4.5 Forecasting Interest Rates
Summary of Learning Objectives
Key Terms
Questions and Problems
Internet Exercise
Chapter 5 Bond Prices and Interest Rate Risk
Chapter Preview
Learning Objectives
5.1 The Time Value of Money
Do You Understand?
5.2 Bond Pricing
PEOPLE & EVENTS: Rogue Trader Incurs Huge Financial Losses for French Bank
Learning by Doing 5.1: Calculating the Price of a Bond Using a Financial Calculator
5.3 Bond Yields
Learning by Doing 5.2: Calculating the Yield to Maturity on a Bond
Do You Understand?
5.4 Important Bond Pricing Relationships
5.5 Interest Rate Risk and Duration
Learning by Doing 5.3: Calculating the Duration of a Bond
PEOPLE & EVENTS: Betting the Farm on Interest Rates and Losing
Do You Understand?
Summary of Learning Objectives
Key Terms
Questions and Problems
Internet Exercise
Chapter 6 The Structure of Interest Rates
Chapter Preview
Learning Objectives
6.1 The Term Structure of Interest Rates
Learning by Doing 6.1: Using the Term Structure Formula to Calculate Implied Forward Rates
Do You Understand?
6.2 Default Risk
PEOPLE & EVENTS: The Credit–Rating Club
6.3 Tax Treatment
Do You Understand?
6.4 Marketability
6.5 Options of Debt Securities
Do You Understand?
6.6 Behavior of Interest Rates over the Business Cycle
Summary of Learning Objectives
Key Terms
Questions and Problems
Internet Exercise
Part III, Financial Markets
Chapter 7 Money Markets
Chapter Preview
Learning Objectives
7.1 How the Money Markets Work
7.2 Economic Role of the Money Markets
7.3 Characteristics of Money Market Instruments
7.4 Treasury Bills
Learning by Doing 7.1: Calculating the Discount Yield
Learning by Doing 7.2: Calculating the Bond Equivalent Yield
Do You Understand?
7.5 Federal Agency Securities
7.6 Fed Funds
7.7 Other Major Money Market Instruments
PEOPLE & EVENTS: Lehman Brothers "Creative" Accounting: Repos 105 and 108
7.8 Money Market Participants
7.9 The Impact of the 2007–2009 Financial Crisis on the Money Markets
PEOPLE & EVENTS: How Breaking the Buck (Almost) Broke the Commercial Paper Market
Do You Understand?
Summary of Learning Objectives
Key Terms
Questions and Problems
Internet Exercise
Chapter 8 Bond Markets
Chapter Preview
Learning Objectives
8.1 Functions of the Capital Markets
8.2 U.S. Government and Agency Securities
PEOPLE & EVENTS: What Do Negative Yields on TIPS Tell Us?
Do You Understand?
8.3 State and Local Government Bonds
8.4 Corporate Bonds
Do You Understand?
8.5 Financial Guarantees
8.6 Securitized Credit Instruments
8.7 Financial Market Regulators
8.8 Bond Markets Around the World Are Increasingly Linked
8.9 The Impact of the 2007–2009 Financial Crisis on the Bond Markets
Do You Understand?
Summary of Learning Objectives
Key Terms
Questions and Problems
Internet Exercise
Chapter 9 Mortgage Markets
Chapter Preview
Learning Objectives
9.1 The Unique Nature of Mortgage Markets
9.2 Types of Mortgages
Do You Understand?
9.3 Mortgage Qualifying
Do You Understand?
9.4 Mortgage–backed Securities
Learning by Doing 9.1: Determining How Much Home You Can Buy
9.5 Mortgage Prepayment Risk
Do You Understand?
9.6 Participants in the Mortgage Markets
PEOPLE & EVENTS: The Rise and Fall of Fannie and Freddie
9.7 Relationship between Mortgage Markets and the Capital Markets
Summary of Learning Objectives
Key Terms
Questions and Problems
Internet Exercise
Chapter 10 Equity Markets
Chapter Preview
Learning Objectives
10.1 What Are Equity Securities?
10.2 Equity Markets
10.3 Equity Trading
10.4 Global Stock Markets
10.5 Regulation of Equity Markets
Do You Understand?
10.6 Equity Valuation Basics
Do You Understand?
Learning by Doing 10.1: Valuing a Stock
10.7 Equity Risk
Do You Understand?
10.8 Stock Market Indexes
PEOPLE & EVENTS: Circuit Breakers, Black Monday, and the Flash Crash
10.9 The Stock Market as a Predictor of Economic Activity
Summary of Learning Objectives
Key Terms
Questions and Problems
Internet Exercise
Chapter 11 Derivatives Markets
Chapter Preview
Learning Objectives
11.1 The Nature of Derivative Securities
11.2 Forward Markets
11.3 Futures Markets
11.4 Uses of the Financial Futures Markets
Learning by Doing 11.1: Hedging Risk in a Stock Portfolio
11.5 Risks in the Futures Markets
Do You Understand?
11.6 Options Markets
Do You Understand?
11.7 Regulations of the Futures and Options Markets
11.8 Swap Markets
PEOPLE & EVENTS: Swap Market Regulation
Summary of Learning Objectives
Key Terms
Questions and Problems
Internet Exercise
Chapter 12 International Markets
Chapter Preview
Learning Objectives
12.1 Difficulties of International Trade
12.2 Exchange Rates
12.3 Balance of Payments
12.4 Foreign Exchange Markets
12.5 Spot and Forward Transactions
Learning by Doing 12.1: Using Forward Contracts to Hedge Exchange Rate Risks
PEOPLE & EVENTS: The Big Mac Test of Purchasing Power Parity
12.6 Capital Flows and Exchange Rates
Do You Understand?
12.7 Government Intervention in Foreign Exchange Markets
Learning by Doing 12.2: Using Purchasing Power Parity to Determine the Expected Exchange Rate
12.8 Financing International Trade
Do You Understand?
12.9 International Money and Capital Markets
12.10 The Globalization of Financial Markets
Summary of Learning Objectives
Key Terms
Questions and Problems
Internet Exercise
Part IV, Commercial Banking
Chapter 13 Commercial Bank Operations
Chapter Preview
Learning Objectives
13.1 An Overview of the Banking Industry
13.2 Balance Sheet for a Commercial Bank
13.3 The Source of Bank Funds
Do You Understand?
13.4 Bank Uses of Funds: Bank Investments and Cash Assets
13.5 Bank Uses of Funds: Loans and Leases
13.6 Loan Pricing
13.7 Analysis of Loan Credit Risk
PEOPLE & EVENTS: What′s Your Score?
Do You Understand?
13.8 Fee–Based Services
13.9 Off–Balance–Sheet Banking
Do You Understand?
13.10 Bank Earnings
13.11 Bank Performance
Do You Understand?
13.12 Bank and Financial Holding Companies
Summary of Learning Objectives
Key Terms
Questions and Problems
Internet Exercise
Chapter 14 International Banking
Chapter Preview
Learning Objectives
14.1 Development of International Banking
14.2 Regulation of Overseas Banking Activities
14.3 Delivery of Overseas Banking Services
PEOPLE & EVENTS: Credit Risk, Subprime Mortgage Crisis of 2007, and Challenges to the Banki...
