Financial Markets & Institutions

Accessible, thoroughly up to date, and pedagogically rich, Saunders and Cornett's "Financial Markets and Institutions 2/e" fits perfectly into the newest segment of the markets and institutions course area. Beginning with ten chapters on markets, the student is able to create a solid microeconomics focus while still building on the risk management/risk measurement framework. International coverage has been provided throughout the text and exceptional illustrations and examples make even the most difficult concepts, like derivatives, easy to learn. 

Part I: Introduction and Overview of Financial Markets Chapter 1 Introduction Chapter 2 Determination of Interest Rates Chapter 3 Interest Rates and Security Valuation Chapter 4 The Federal Reserve System, Monetary Policy, and Interest Rates Part II: Securities Markets Chapter 5 Money Markets Chapter 6 Bond Markets Chapter 7 Mortgage Markets Chapter 8 Stock Markets Chapter 9 Foreign Exchange Markets Chapter 10 Derivative Securities Markets Part III: Depository Institutions Chapter 11 Commercial Banks Chapter 12 Thrift Institutions Chapter 13 Depository Institutions' Financial Statement Analysis Chapter 14 Regulation of Depository Institutions Part IV: Other Financial Institutions Chapter 15 Insurance Companies Chapter 16 Securities Firms and Investment Banks Chapter 17 Finance Companies Chapter 18 Mutual Funds Chapter 19 Pension Funds Part V: Risk Management in Financial Institutions Chapter 20 Types of Risks Incurred by Financial Institutions Chapter 21 Managing Risk on the Balance Sheet I: Credit Risk Chapter 22 Managing Risk on the Balance Sheet II: Liquidity Risk Chapter 23 Managing Risk on the Balance Sheet III: Interest Rate and Insolvency Risk Chapter 24 Managing Risk with Derivative Securities Chapter 25 Managing Risk through Securitization