Foundations of Global Financial Markets and Institutions
Foundations of Global Financial Markets and Institutions is a textbook for graduate students in finance, with new coverage of global financial institutions, with detailed comparisons of U.S. systems with non-U.S. systems. It focuses on the actual practices of financial institutions and prepares students for real-world problems. Before delving into comprehensive topics, this book gives an introduction to financial markets and market participants, including asset management firms, credit rating agencies, and investment banking firms. Each chapter begins with learning objectives and ends with bullet point takeaways and questions.
"During these turbulent times, students of finance and international business must be kept abreast of the ramifications on the financial world of external actions and decisions by world leaders. This textbook provides the topical fundamental knowledge and helps students develop a critical perspective on the implications for global business "
― Deanne Butchery, University Lecturer in Finance, Florida International University
Foundations of Global Financial Markets and Institutions covers:
- risks and asset pricing, with a new overview of risk;
- the structure of interest rates and interest rate and credit risks;
- the fundamentals of primary and secondary markets;
- government debt markets, with new material on non-U.S. sovereign debt markets;
- corporate funding markets, with new coverage of small and medium enterprises and entrepreneurial ventures;
- residential and commercial real estate markets;
- collective investment vehicles,
- and financial derivatives, including financial futures and options, interest rate derivatives, foreign exchange derivatives, and credit risk transfer vehicles such as credit default swaps.