Capital Markets and Institutions

Intended for Junior/Senior/MBA course in Financial Markets, Capital Markets and Institutions. Using an international focus, this text integrates the financial markets with the activities of financial intermediaries. This approach enables students to understand the role of financial intermediaries in the development of financial markets. Throughout the text, the emphasis is on "how things are done on the street." The origins, major participants, pricing and settlements and typical transactions for all financial markets are also included. Part I: The Role of Financial Institutions
* Finance and You
* Private Financial Intermediaries
* The World's Central Banks and Regulatory Authorities
* Monetary Policy
* Regulatory Policy
* Clearing and Settlement of Transactions
Part II: Valuation Models
* Computing Interest Rates and Risk Exposure
* Computing Foreign Exchange Rates and Risk Exposure
* Market Risk Measurement
Part III: Debt & Equity Markets
* The Federal Funds Market
* Repurchase Agreements
* Eurocurrencies
* Bankers Acceptances, Letters of Credit, and Certificates of Deposit
* Commercial Paper and Loan Commitments
* Government Securities
* Corporate Bonds
* Equity
Part IV: Derivatives Markets
* Financial Futures and Forward Contracts
* Financial Options
* Swaps
* Mortgage-Backed Securities
Glossary
Appendix
Credits
Index

Linda Allen is Professor of Finance at the Zicklin School of Business at Baruch College, City University of New York, and Adjunct Professor of Finance at the Stern School of Business, New York University. She is also the author of Capital Markets and Institutions: A Global View and co-author of Credit Risk Measurement: New Approaches to Value at Risk and Other Paradigms,. She is an associate editor of the Journal of Banking and Finance, Journal of Economics and Business, and Multinational Finance Journal, and has published extensively in top academic journals in finance and economics.