{"product_id":"financial-institutions-markets-and-money-isbn-9781119330363","title":"Financial Institutions, Markets, and Money","description":"\u003cp\u003eKidwell's \u003ci\u003e\u003cb\u003eFinancial Institutions, 12th Edition\u003c\/b\u003e\u003c\/i\u003e 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.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I The Financial System 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 An Overview of Financial Markets and Institutions 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter Preview 4\u003c\/p\u003e \u003cp\u003eLearning Objectives 4\u003c\/p\u003e \u003cp\u003e1.1 The Financial System 4\u003c\/p\u003e \u003cp\u003e1.2 Financial Markets and Direct Financing 7\u003c\/p\u003e \u003cp\u003eDo You Understand? 10\u003c\/p\u003e \u003cp\u003ePeople \u0026amp; Events: A Brief Examination of the Causes and Effects of the Global Financial Crisis of 2007 and 2008 11\u003c\/p\u003e \u003cp\u003e1.3 Types of Financial Markets 12\u003c\/p\u003e \u003cp\u003e1.4 The Money Markets 14\u003c\/p\u003e \u003cp\u003e1.5 The Capital Markets 15\u003c\/p\u003e \u003cp\u003eDo You Understand? 17\u003c\/p\u003e \u003cp\u003e1.6 Financial Intermediaries and Indirect Financing 17\u003c\/p\u003e \u003cp\u003eDo You Understand? 22\u003c\/p\u003e \u003cp\u003e1.7 Types of Financial Intermediaries 23\u003c\/p\u003e \u003cp\u003eDo You Understand? 27\u003c\/p\u003e \u003cp\u003e1.8 The Risks Financial Institutions Manage 28\u003c\/p\u003e \u003cp\u003e1.9 Regulation of the Financial System 29\u003c\/p\u003e \u003cp\u003ePeople \u0026amp; Events: Systemically Risky Banks: What is the Solution? 33\u003c\/p\u003e \u003cp\u003e1.10 Ethics and the Financial System 33\u003c\/p\u003e \u003cp\u003eDo You Understand? 35\u003c\/p\u003e \u003cp\u003eSummary of Learning Objectives 35\u003c\/p\u003e \u003cp\u003eKey Terms 36\u003c\/p\u003e \u003cp\u003eQuestions and Problems 36\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 The Federal Reserve and Its Powers 38\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter Preview 39\u003c\/p\u003e \u003cp\u003eLearning Objectives 39\u003c\/p\u003e \u003cp\u003e2.1 Origins of the Federal Reserve System 39\u003c\/p\u003e \u003cp\u003ePeople \u0026amp; Events: Banking before 1933, Banking from 1933 to 1980, and Banking in the Modern Era 43\u003c\/p\u003e \u003cp\u003e2.2 The Current Structure of the Fed 44\u003c\/p\u003e \u003cp\u003e2.3 Monetary Powers of the Board of Governors 47\u003c\/p\u003e \u003cp\u003e2.4 The Fed’s Regulatory Powers 47\u003c\/p\u003e \u003cp\u003e2.5 Independence of the Fed 51\u003c\/p\u003e \u003cp\u003eDo You Understand? 53\u003c\/p\u003e \u003cp\u003e2.6 The Fed’s Balance Sheet 53\u003c\/p\u003e \u003cp\u003e2.7 The Fed’s Role in Check Clearing and the Growth of Electronic Payments 59\u003c\/p\u003e \u003cp\u003eLearning by Doing 2.1: Computing a Bank’s Excess Reserve Position 60\u003c\/p\u003e \u003cp\u003e2.8 Federal Reserve Tools of Monetary Policy 61\u003c\/p\u003e \u003cp\u003ePeople \u0026amp; Events: The Challenges of Fed Chair Janet Yellen 62\u003c\/p\u003e \u003cp\u003eLearning by Doing 2.2: Calculating a Bank’s Reserve Position 66\u003c\/p\u003e \u003cp\u003eSummary of Learning Objectives 69\u003c\/p\u003e \u003cp\u003eKey Terms 69\u003c\/p\u003e \u003cp\u003eQuestions and Problems 69\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 The Fed and Interest Rates 71\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter Preview 72\u003c\/p\u003e \u003cp\u003eLearning Objectives 72\u003c\/p\u003e \u003cp\u003e3.1 Federal Reserve Control of the Money Supply 72\u003c\/p\u003e \u003cp\u003e3.2 The Fed’s Influence on Interest Rates 75\u003c\/p\u003e \u003cp\u003e3.3 The Treasury Department and Fiscal Policy 79\u003c\/p\u003e \u003cp\u003eDo You Understand? 81\u003c\/p\u003e \u003cp\u003e3.4 Goals of Monetary Policy 82\u003c\/p\u003e \u003cp\u003ePeople \u0026amp; Events: The Fed as Lender of Last Resort During the Financial Crisis 87\u003c\/p\u003e \u003cp\u003e3.5 The Fed and the Economy 88\u003c\/p\u003e \u003cp\u003ePeople \u0026amp; Events: Black Monday 91\u003c\/p\u003e \u003cp\u003e3.6 Complications of Monetary Policy 91\u003c\/p\u003e \u003cp\u003e3.7 Anatomy of a Financial Crisis 93\u003c\/p\u003e \u003cp\u003ePeople \u0026amp; Events: Good Work If You Can Get It: Executive Bonuses During Bailouts? 100\u003c\/p\u003e \u003cp\u003eDo You Understand? 101\u003c\/p\u003e \u003cp\u003eSummary of Learning Objectives 102\u003c\/p\u003e \u003cp\u003eKey Terms 102\u003c\/p\u003e \u003cp\u003eQuestions and Problems 102\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II How Interest Rates are Determined 105\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 The Level of Interest Rates 107\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter Preview 108\u003c\/p\u003e \u003cp\u003eLearning Objectives 108\u003c\/p\u003e \u003cp\u003e4.1 What are Interest Rates? 108\u003c\/p\u003e \u003cp\u003e4.2 The Real Rate of Interest 109\u003c\/p\u003e \u003cp\u003e4.3 Loanable Funds Theory of Interest 111\u003c\/p\u003e \u003cp\u003eDo You Understand? 114\u003c\/p\u003e \u003cp\u003e4.4 Price Expectations and Interest Rates 114\u003c\/p\u003e \u003cp\u003e4.5 A Restatement of the Fisher Equation 116\u003c\/p\u003e \u003cp\u003ePeople \u0026amp; Events: What Is the Actual Inflation Rate? 117\u003c\/p\u003e \u003cp\u003eDo You Understand? 121\u003c\/p\u003e \u003cp\u003ePeople \u0026amp; Events: Estimating the Expected Rate of Inflation from TIPS 122\u003c\/p\u003e \u003cp\u003e4.6 Forecasting Interest Rates 122\u003c\/p\u003e \u003cp\u003e4.7 Interest Rates and Currency Values 124\u003c\/p\u003e \u003cp\u003eSummary of Learning Objectives 125\u003c\/p\u003e \u003cp\u003eKey Terms 126\u003c\/p\u003e \u003cp\u003eQuestions and Problems 126\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Bond Prices and Interest Rate Risk 127\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter Preview 128\u003c\/p\u003e \u003cp\u003eLearning Objectives 128\u003c\/p\u003e \u003cp\u003e5.1 The Time Value of Money 128\u003c\/p\u003e \u003cp\u003eDo You Understand? 130\u003c\/p\u003e \u003cp\u003e5.2 Bond Pricing 131\u003c\/p\u003e \u003cp\u003ePeople \u0026amp; Events: Bond Market Liquidity and the Volcker Rule 132\u003c\/p\u003e \u003cp\u003eLearning by Doing 5.1: Calculating the Price of a Bond Using a Financial Calculator 135\u003c\/p\u003e \u003cp\u003e5.3 Bond Yields 136\u003c\/p\u003e \u003cp\u003eLearning by Doing 5.2: Calculating the Yield‐to‐Maturity on a Bond 137\u003c\/p\u003e \u003cp\u003eDo You Understand? 140\u003c\/p\u003e \u003cp\u003e5.4 Important Bond Pricing Relationships 140\u003c\/p\u003e \u003cp\u003e5.5 Interest Rate Risk and Duration 144\u003c\/p\u003e \u003cp\u003eLearning by Doing 5.3: Calculating the Duration of a Bond 146\u003c\/p\u003e \u003cp\u003ePeople \u0026amp; Events: Betting the Farm on Interest Rates and Losing 155\u003c\/p\u003e \u003cp\u003eDo You Understand? 156\u003c\/p\u003e \u003cp\u003eSummary of Learning Objectives 156\u003c\/p\u003e \u003cp\u003eKey Terms 157\u003c\/p\u003e \u003cp\u003eQuestions and Problems 157\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 The Structure of Interest Rates 159\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter Preview 160\u003c\/p\u003e \u003cp\u003eLearning Objectives 160\u003c\/p\u003e \u003cp\u003e6.1 The Term Structure of Interest Rates 160\u003c\/p\u003e \u003cp\u003eLearning by Doing 6.1: Using the Term Structure Formula to Calculate Implied Forward Rates 165\u003c\/p\u003e \u003cp\u003eDo You Understand? 171\u003c\/p\u003e \u003cp\u003ePeople \u0026amp; Events: More on Forecasting Future Interest Rates 172\u003c\/p\u003e \u003cp\u003e6.2 Default Risk 172\u003c\/p\u003e \u003cp\u003e6.3 Tax Treatment 176\u003c\/p\u003e \u003cp\u003ePeople \u0026amp; Events: The Credit‐Rating Club 177\u003c\/p\u003e \u003cp\u003eDo You Understand? 180\u003c\/p\u003e \u003cp\u003e6.4 Marketability 180\u003c\/p\u003e \u003cp\u003e6.5 Options on Debt Securities 180\u003c\/p\u003e \u003cp\u003e6.6 Behavior of Interest Rates over the Business Cycle 183\u003c\/p\u003e \u003cp\u003eDo You Understand? 185\u003c\/p\u003e \u003cp\u003eSummary of Learning Objectives 185\u003c\/p\u003e \u003cp\u003eKey Terms 186\u003c\/p\u003e \u003cp\u003eQuestions and Problems 186\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III Financial Markets 189\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Money Markets 191\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter Preview 192\u003c\/p\u003e \u003cp\u003eLearning Objectives 192\u003c\/p\u003e \u003cp\u003e7.1 How the Money Markets Work 192\u003c\/p\u003e \u003cp\u003e7.2 Economic Role of the Money Markets 193\u003c\/p\u003e \u003cp\u003e7.3 Features of Money Market Instruments 194\u003c\/p\u003e \u003cp\u003e7.4 Treasury Bills 194\u003c\/p\u003e \u003cp\u003eLearning by Doing 7.1: Calculating the Discount Yield 199\u003c\/p\u003e \u003cp\u003eLearning by Doing 7.2: Calculating the Bond Equivalent Yield 199\u003c\/p\u003e \u003cp\u003eDo You Understand? 200\u003c\/p\u003e \u003cp\u003e7.5 Federal Agency Securities 201\u003c\/p\u003e \u003cp\u003e7.6 Federal Funds 203\u003c\/p\u003e \u003cp\u003e7.7 Other Major Money Market Instruments 205\u003c\/p\u003e \u003cp\u003ePeople \u0026amp; Events: Lehman Brothers’ “Creative” Accounting: Repos 105 and 108 207\u003c\/p\u003e \u003cp\u003e7.8 Money Market Participants 211\u003c\/p\u003e \u003cp\u003e7.9 The Impact of the 2007–2008 Financial Crisis on the Money Markets 213\u003c\/p\u003e \u003cp\u003ePeople \u0026amp; Events: How Breaking the Buck (Almost) Broke the Commercial Paper Market 216\u003c\/p\u003e \u003cp\u003eDo You Understand? 217\u003c\/p\u003e \u003cp\u003eSummary of Learning Objectives 218\u003c\/p\u003e \u003cp\u003eKey Terms 219\u003c\/p\u003e \u003cp\u003eQuestions and Problems 219\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Bond Markets 220\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter Preview 221\u003c\/p\u003e \u003cp\u003eLearning Objectives 221\u003c\/p\u003e \u003cp\u003e8.1 Functions of the Capital Markets 221\u003c\/p\u003e \u003cp\u003e8.2 The U.S. Government and Agency Securities 223\u003c\/p\u003e \u003cp\u003ePeople \u0026amp; Events: What Do Negative Yields on TIPS Tell Us? 226\u003c\/p\u003e \u003cp\u003eDo You Understand? 227\u003c\/p\u003e \u003cp\u003e8.3 State and Local Government Bonds 227\u003c\/p\u003e \u003cp\u003ePeople \u0026amp; Events: Build America Bonds Keep Municipal Finance Going During the Crisis 232\u003c\/p\u003e \u003cp\u003e8.4 Corporate Bonds 232\u003c\/p\u003e \u003cp\u003eDo You Understand? 237\u003c\/p\u003e \u003cp\u003e8.5 Financial Guarantees 237\u003c\/p\u003e \u003cp\u003e8.6 Securitized Credit Instruments 238\u003c\/p\u003e \u003cp\u003e8.7 Capital Market Regulators 240\u003c\/p\u003e \u003cp\u003e8.8 Bond Markets Around the World are Increasingly Linked 241\u003c\/p\u003e \u003cp\u003e8.9 The Impact of the 2007–2008 Financial Crisis on the Bond Markets 242\u003c\/p\u003e \u003cp\u003eDo You Understand? 244\u003c\/p\u003e \u003cp\u003eSummary of Learning Objectives 244\u003c\/p\u003e \u003cp\u003eKey Terms 245\u003c\/p\u003e \u003cp\u003eQuestions and Problems 245\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Mortgage Markets and Mortgage‐Backed Securities 247\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter Preview 248\u003c\/p\u003e \u003cp\u003eLearning Objectives 248\u003c\/p\u003e \u003cp\u003e9.1 The Unique Nature of Mortgage Markets 249\u003c\/p\u003e \u003cp\u003e9.2 Types of Mortgages 249\u003c\/p\u003e \u003cp\u003e9.3 Mortgage Qualifying 257\u003c\/p\u003e \u003cp\u003eLearning by Doing 9.1: Determining How Much Home You Can Buy 259\u003c\/p\u003e \u003cp\u003eDo You Understand? 260\u003c\/p\u003e \u003cp\u003e9.4 Mortgage‐Backed Securities 261\u003c\/p\u003e \u003cp\u003e9.5 Mortgage Prepayment Risk and Other MBS 265\u003c\/p\u003e \u003cp\u003eDo You Understand? 270\u003c\/p\u003e \u003cp\u003e9.6 Participants in the Mortgage Markets 271\u003c\/p\u003e \u003cp\u003ePeople \u0026amp; Events: The Rise and Fall of Fannie and Freddie 273\u003c\/p\u003e \u003cp\u003eDo You Understand? 274\u003c\/p\u003e \u003cp\u003e9.7 Relationship Between Mortgage Markets and the Capital Markets 275\u003c\/p\u003e \u003cp\u003eSummary of Learning Objectives 276\u003c\/p\u003e \u003cp\u003eKey Terms 277\u003c\/p\u003e \u003cp\u003eQuestions and Problems 278\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Equity Markets 279\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter Preview 280\u003c\/p\u003e \u003cp\u003eLearning Objectives 280\u003c\/p\u003e \u003cp\u003e10.1 What are Equity Securities? 280\u003c\/p\u003e \u003cp\u003e10.2 Equity Markets 282\u003c\/p\u003e \u003cp\u003ePeople \u0026amp; Events: The Retail Brokerage Industry 287\u003c\/p\u003e \u003cp\u003e10.3 Equity Trading 287\u003c\/p\u003e \u003cp\u003e10.4 Global Stock Markets 291\u003c\/p\u003e \u003cp\u003e10.5 Large-Scale and High Frequency Trading 292\u003c\/p\u003e \u003cp\u003ePeople \u0026amp; Events: High Speed Trading and the Demise of Knight Capital Group in 45 Minutes 293\u003c\/p\u003e \u003cp\u003e10.6 Regulation of Equity Markets 294\u003c\/p\u003e \u003cp\u003eDo You Understand? 294\u003c\/p\u003e \u003cp\u003e10.7 Stock Market Indexes 295\u003c\/p\u003e \u003cp\u003ePeople \u0026amp; Events: Circuit Breakers, Black Monday, and the Flash Crash 296\u003c\/p\u003e \u003cp\u003eSummary of Learning Objectives 297\u003c\/p\u003e \u003cp\u003eKey Terms 298\u003c\/p\u003e \u003cp\u003eQuestions and Problems 299\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Derivatives Markets 300\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter Preview 301\u003c\/p\u003e \u003cp\u003eLearning Objectives 301\u003c\/p\u003e \u003cp\u003e11.1 The Nature of Derivative Securities 301\u003c\/p\u003e \u003cp\u003e11.2 Forward Markets 302\u003c\/p\u003e \u003cp\u003e11.3 Futures Markets 304\u003c\/p\u003e \u003cp\u003eDo You Understand? 311\u003c\/p\u003e \u003cp\u003e11.4 Uses of the Financial Futures Markets 311\u003c\/p\u003e \u003cp\u003eLearning by Doing 11.1: Hedging Risk in a Stock Portfolio 313\u003c\/p\u003e \u003cp\u003e11.5 Risks in the Futures Markets 318\u003c\/p\u003e \u003cp\u003eDo You Understand? 319\u003c\/p\u003e \u003cp\u003e11.6 Options Markets 319\u003c\/p\u003e \u003cp\u003eDo You Understand? 325\u003c\/p\u003e \u003cp\u003e11.7 Swap Markets 326\u003c\/p\u003e \u003cp\u003ePeople \u0026amp; Events: Swap Market Regulation 329\u003c\/p\u003e \u003cp\u003eSummary of Learning Objectives 330\u003c\/p\u003e \u003cp\u003eKey Terms 331\u003c\/p\u003e \u003cp\u003eQuestions and Problems 331\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 International Markets 332\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter Preview 333\u003c\/p\u003e \u003cp\u003eLearning Objectives 333\u003c\/p\u003e \u003cp\u003e12.1 The Difficulties of International Trade 333\u003c\/p\u003e \u003cp\u003e12.2 Exchange Rates 334\u003c\/p\u003e \u003cp\u003e12.3 Balance of Payments 337\u003c\/p\u003e \u003cp\u003e12.4 Foreign Exchange Markets 341\u003c\/p\u003e \u003cp\u003e12.5 Spot and Forward Transactions 343\u003c\/p\u003e \u003cp\u003eLearning by Doing 12.1: Using Forward Contracts to Hedge Exchange Rate Risks 343\u003c\/p\u003e \u003cp\u003ePeople \u0026amp; Events: The Big Mac Test of Purchasing Power Parity 345\u003c\/p\u003e \u003cp\u003e12.6 Capital Flows and Exchange Rates 346\u003c\/p\u003e \u003cp\u003eDo You Understand? 349\u003c\/p\u003e \u003cp\u003ePeople \u0026amp; Events: The Greek Crisis and Lessons for the U.S. 350\u003c\/p\u003e \u003cp\u003e12.7 Government Intervention in Foreign Exchange Markets 351\u003c\/p\u003e \u003cp\u003eLearning by Doing 12.2: Using Purchasing Power Parity to Determine the Expected Exchange Rate 353\u003c\/p\u003e \u003cp\u003e12.8 Financing International Trade 354\u003c\/p\u003e \u003cp\u003eDo You Understand? 355\u003c\/p\u003e \u003cp\u003e12.9 International Money and Capital Markets 355\u003c\/p\u003e \u003cp\u003e12.10 The Globalization of Financial Markets 358\u003c\/p\u003e \u003cp\u003eSummary of Learning Objectives 360\u003c\/p\u003e \u003cp\u003eKey Terms 360\u003c\/p\u003e \u003cp\u003eQuestions and Problems 361\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart IV Commercial Banking 363\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Commercial Bank Operations 365\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter Preview 366\u003c\/p\u003e \u003cp\u003eLearning Objectives 366\u003c\/p\u003e \u003cp\u003e13.1 An Overview of the Banking Industry 366\u003c\/p\u003e \u003cp\u003e13.2 Balance Sheet for a Commercial Bank 369\u003c\/p\u003e \u003cp\u003e13.3 The Source of Bank Funds 370\u003c\/p\u003e \u003cp\u003eDo You Understand? 375\u003c\/p\u003e \u003cp\u003e13.4 Bank Uses of Funds: Bank Investments and Cash Assets 376\u003c\/p\u003e \u003cp\u003e13.5 Bank Uses of Funds: Loans and Leases 378\u003c\/p\u003e \u003cp\u003e13.6 Loan Pricing 381\u003c\/p\u003e \u003cp\u003e13.7 Analysis of Loan Credit Risk 384\u003c\/p\u003e \u003cp\u003ePeople \u0026amp; Events: What’s Your Score? 385\u003c\/p\u003e \u003cp\u003eDo You Understand? 386\u003c\/p\u003e \u003cp\u003e13.8 Fee‐Based Services 386\u003c\/p\u003e \u003cp\u003e13.9 Off‐Balance‐Sheet Banking 387\u003c\/p\u003e \u003cp\u003eDo You Understand? 391\u003c\/p\u003e \u003cp\u003e13.10 Bank Earnings 392\u003c\/p\u003e \u003cp\u003e13.11 Bank Performance 396\u003c\/p\u003e \u003cp\u003eDo You Understand? 397\u003c\/p\u003e \u003cp\u003eSummary of Learning Objectives 398\u003c\/p\u003e \u003cp\u003eKey Terms 398\u003c\/p\u003e \u003cp\u003eQuestions and Problems 399\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 International Banking 400\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter Preview 401\u003c\/p\u003e \u003cp\u003eLearning Objectives 401\u003c\/p\u003e \u003cp\u003e14.1 Development of International Banking 401\u003c\/p\u003e \u003cp\u003e14.2 Regulation of Overseas Banking Activities 404\u003c\/p\u003e \u003cp\u003e14.3 Delivery of Overseas Banking Services 406\u003c\/p\u003e \u003cp\u003eDo You Understand? 409\u003c\/p\u003e \u003cp\u003e14.4 International Lending 409\u003c\/p\u003e \u003cp\u003ePeople \u0026amp; Events: The LIBOR Scandal 411\u003c\/p\u003e \u003cp\u003eDo You Understand? 416\u003c\/p\u003e \u003cp\u003e14.5 Foreign Banks in the United States 416\u003c\/p\u003e \u003cp\u003e14.6 Future Directions of International Banking 420\u003c\/p\u003e \u003cp\u003eSummary of Learning Objectives 420\u003c\/p\u003e \u003cp\u003eKey Terms 421\u003c\/p\u003e \u003cp\u003eQuestions and Problems 421\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 Regulation of Financial Institutions 422\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter Preview 423\u003c\/p\u003e \u003cp\u003eLearning Objectives 423\u003c\/p\u003e \u003cp\u003e15.1 Reasons for Regulation 423\u003c\/p\u003e \u003cp\u003e15.2 Bank Failures and Regulation 426\u003c\/p\u003e \u003cp\u003ePeople \u0026amp; Events: WaMu and the Destructive “Power of Yes” 431\u003c\/p\u003e \u003cp\u003e15.3 Safety and Soundness Regulation: Deposit Insurance 432\u003c\/p\u003e \u003cp\u003eDo You Understand? 434\u003c\/p\u003e \u003cp\u003e15.4 Deposit Insurance Issues 435\u003c\/p\u003e \u003cp\u003eDo You Understand? 438\u003c\/p\u003e \u003cp\u003e15.5 Safety and Soundness Regulation: Capital Requirements 439\u003c\/p\u003e \u003cp\u003eDo You Understand? 447\u003c\/p\u003e \u003cp\u003e15.6 Bank Examinations 447\u003c\/p\u003e \u003cp\u003e15.7 Structure and Competition Regulations 450\u003c\/p\u003e \u003cp\u003e15.8 Consumer Protection Regulations 452\u003c\/p\u003e \u003cp\u003ePeople \u0026amp; Events: Excerpts from “What are the FDIC’s primary new responsibilities under the new law?” 454\u003c\/p\u003e \u003cp\u003e15.9 Bank Regulators 456\u003c\/p\u003e \u003cp\u003eDo You Understand? 458\u003c\/p\u003e \u003cp\u003eSummary of Learning Objectives 459\u003c\/p\u003e \u003cp\u003eKey Terms 459\u003c\/p\u003e \u003cp\u003eQuestions and Problems 460\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart V Financial Institutions 463\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16 Thrift Institutions and Finance Companies 465\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter Preview 466\u003c\/p\u003e \u003cp\u003eLearning Objectives 466\u003c\/p\u003e \u003cp\u003e16.1 Historical Development of Savings Institutions 467\u003c\/p\u003e \u003cp\u003e16.2 Operations of Savings Institutions 470\u003c\/p\u003e \u003cp\u003eDo You Understand? 478\u003c\/p\u003e \u003cp\u003e16.3 Credit Unions 478\u003c\/p\u003e \u003cp\u003ePeople \u0026amp; Events: Demographic Change Brings Opportunity 479\u003c\/p\u003e \u003cp\u003e16.4 Thrift Institutions Around the Globe 484\u003c\/p\u003e \u003cp\u003ePeople \u0026amp; Events: Commercial Banks Versus Credit Unions 485\u003c\/p\u003e \u003cp\u003eDo You Understand? 486\u003c\/p\u003e \u003cp\u003e16.5 Finance Companies 486\u003c\/p\u003e \u003cp\u003ePeople \u0026amp; Events: GE Divests Much of Its Finance Company Business 488\u003c\/p\u003e \u003cp\u003eDo You Understand? 494\u003c\/p\u003e \u003cp\u003eSummary of Learning Objectives 494\u003c\/p\u003e \u003cp\u003eKey Terms 495\u003c\/p\u003e \u003cp\u003eQuestions and Problems 495\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17 Insurance Companies and Pension Funds 496\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter Preview 497\u003c\/p\u003e \u003cp\u003eLearning Objectives 497\u003c\/p\u003e \u003cp\u003e17.1 Insurance 497\u003c\/p\u003e \u003cp\u003ePeople \u0026amp; Events: 9\/11 and Katrina: Insurance Coverage Disputes 499\u003c\/p\u003e \u003cp\u003e17.2 The Insurance Industry 501\u003c\/p\u003e \u003cp\u003ePeople \u0026amp; Events: The Rise, Fall, and Return of American International Group (AIG) 503\u003c\/p\u003e \u003cp\u003eDo You Understand? 508\u003c\/p\u003e \u003cp\u003e17.3 Life and Health Insurance Products 508\u003c\/p\u003e \u003cp\u003eLearning by Doing 17.1: Calculating Policyholders’ Surplus 514\u003c\/p\u003e \u003cp\u003eDo You Understand? 515\u003c\/p\u003e \u003cp\u003e17.4 Property and Liability Insurance Products 515\u003c\/p\u003e \u003cp\u003eLearning by Doing 17.2: Measuring Insurance Company Profitability with the Combined Ratio 518\u003c\/p\u003e \u003cp\u003eDo You Understand? 519\u003c\/p\u003e \u003cp\u003e17.5 Pensions 519\u003c\/p\u003e \u003cp\u003eDo You Understand? 524\u003c\/p\u003e \u003cp\u003eSummary of Learning Objectives 524\u003c\/p\u003e \u003cp\u003eKey Terms 525\u003c\/p\u003e \u003cp\u003eQuestions and Problems 526\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18 Investment Banking 527\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter Preview 528\u003c\/p\u003e \u003cp\u003eLearning Objectives 528\u003c\/p\u003e \u003cp\u003e18.1 The Relationship Between Commercial and Investment Banking 528\u003c\/p\u003e \u003cp\u003e18.2 Primary Services of an Investment Bank 533\u003c\/p\u003e \u003cp\u003ePeople \u0026amp; Events: Where, Oh, Where Have All the Investment Banks Gone? 534\u003c\/p\u003e \u003cp\u003eDo You Understand? 543\u003c\/p\u003e \u003cp\u003e18.3 Private Equity 543\u003c\/p\u003e \u003cp\u003eLearning by Doing 18.1: Evaluating a Venture Capital Investment 546\u003c\/p\u003e \u003cp\u003eDo You Understand? 548\u003c\/p\u003e \u003cp\u003eSummary of Learning Objectives 548\u003c\/p\u003e \u003cp\u003eKey Terms 549\u003c\/p\u003e \u003cp\u003eQuestions and Problems 549\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 19 Investment Companies 551\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter Preview 552\u003c\/p\u003e \u003cp\u003eLearning Objectives 552\u003c\/p\u003e \u003cp\u003e19.1 Investment Companies 552\u003c\/p\u003e \u003cp\u003e19.2 Open‐End Mutual Funds 553\u003c\/p\u003e \u003cp\u003eLearning by Doing 19.1: Calculating Net Asset Value 554\u003c\/p\u003e \u003cp\u003ePeople \u0026amp; Events: Money Market Mutual Funds Breaking the Buck 563\u003c\/p\u003e \u003cp\u003e19.3 Closed‐End Mutual Funds 566\u003c\/p\u003e \u003cp\u003e19.4 Exchange‐Traded Funds 567\u003c\/p\u003e \u003cp\u003eDo You Understand? 572\u003c\/p\u003e \u003cp\u003e19.5 Hedge Funds 572\u003c\/p\u003e \u003cp\u003ePeople \u0026amp; Events: Hedge Funds and the Dodd‐Frank Wall Street Reform and Consumer Protection Act 573\u003c\/p\u003e \u003cp\u003eDo You Understand? 576\u003c\/p\u003e \u003cp\u003e19.6 Real Estate Investment Trusts 576\u003c\/p\u003e \u003cp\u003eSummary of Learning Objectives 578\u003c\/p\u003e \u003cp\u003eKey Terms 579\u003c\/p\u003e \u003cp\u003eQuestions and Problems 579\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 20 Risk Management in Financial Institutions 580\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter Preview 581\u003c\/p\u003e \u003cp\u003eLearning Objectives 581\u003c\/p\u003e \u003cp\u003e20.1 The Dilemma: Profitability Versus Safety 581\u003c\/p\u003e \u003cp\u003e20.2 Liquidity Management 583\u003c\/p\u003e \u003cp\u003eDo You Understand? 586\u003c\/p\u003e \u003cp\u003ePeople \u0026amp; Events: Operational Risk 587\u003c\/p\u003e \u003cp\u003e20.3 Managing Credit Risk 587\u003c\/p\u003e \u003cp\u003ePeople \u0026amp; Events: Counterparty Controversy: AIG and Its Risky Risk Management 591\u003c\/p\u003e \u003cp\u003eDo You Understand? 593\u003c\/p\u003e \u003cp\u003e20.4 Measuring and Assessing Interest Rate Risk 593\u003c\/p\u003e \u003cp\u003e20.5 Hedging Interest Rate Risk 602\u003c\/p\u003e \u003cp\u003eLearning by Doing 20.1: Measuring Interest Rate Risk 608\u003c\/p\u003e \u003cp\u003eDo You Understand? 611\u003c\/p\u003e \u003cp\u003eSummary of Learning Objectives 611\u003c\/p\u003e \u003cp\u003eKey Terms 612\u003c\/p\u003e \u003cp\u003eQuestions and Problems 612\u003c\/p\u003e \u003cp\u003eGlossary 613\u003c\/p\u003e \u003cp\u003eIndex 637\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989210448101,"sku":"NP9781119330363","price":107.5,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119330363.jpg?v=1761783221","url":"https:\/\/k12savings.com\/es\/products\/financial-institutions-markets-and-money-isbn-9781119330363","provider":"K12savings","version":"1.0","type":"link"}