Foundations of Financial Markets and Institutions

Abstract

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 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 I I. The Term Structure of Interest Rates I 2. Risk/Return and Asset Pricing Models I 3. Primary Markets and the Underwriting of Securities 14. Secondary Markets 15. Treasury and Agency Securities Markets I 6. 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 20. Markets for Corporate Senior Instruments 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. Asset-Backed Securities Markets 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 3 I. The Market for Foreign Exchange and Risk Control Instruments