Financial institutions & markets / (Record no. 9054)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 16657nam a22002657a 4500 |
| 001 - CONTROL NUMBER | |
| control field | 8760 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | BD-DhULA |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20231227121541.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 160208b cc ||||| |||| 00| 0 eng d |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
| International Standard Book Number | 978 0 538 48217 2 |
| 040 ## - CATALOGING SOURCE | |
| Original cataloging agency | BD-DhULA |
| Transcribing agency | BD-DhULA |
| 082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER | |
| Edition number | 22 |
| Classification number | 332 |
| Item number | MAF |
| 100 1# - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Madura, Jeff. |
| 245 10 - TITLE STATEMENT | |
| Title | Financial institutions & markets / |
| Statement of responsibility, etc. | Jeff Madura. |
| 250 ## - EDITION STATEMENT | |
| Edition statement | 10th ed. |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Name of publisher, distributor, etc. | South Western Cengage Learning, |
| Date of publication, distribution, etc. | c2012. |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | xxxii, 714 p. : |
| Dimensions | 25 cm. |
| 500 ## - GENERAL NOTE | |
| General note | Includes Index. |
| 505 ## - FORMATTED CONTENTS NOTE | |
| Formatted contents note | TABLE OF CONTENTS<br/>Part I The Financial System 1<br/><br/>Chapter 1 An Overview of Financial Markets and Institutions 3<br/><br/>Chapter Preview 4<br/><br/>Learning Objectives 4<br/><br/>1.1 The Financial System 4<br/><br/>1.2 Financial Markets and Direct Financing 7<br/><br/>Do You Understand? 10<br/><br/>People & Events: A Brief Examination of the Causes and Effects of the Global Financial Crisis of 2007 and 2008 11<br/><br/>1.3 Types of Financial Markets 12<br/><br/>1.4 The Money Markets 14<br/><br/>1.5 The Capital Markets 15<br/><br/>Do You Understand? 17<br/><br/>1.6 Financial Intermediaries and Indirect Financing 17<br/><br/>Do You Understand? 22<br/><br/>1.7 Types of Financial Intermediaries 23<br/><br/>Do You Understand? 27<br/><br/>1.8 The Risks Financial Institutions Manage 28<br/><br/>1.9 Regulation of the Financial System 29<br/><br/>People & Events: Systemically Risky Banks: What is the Solution? 33<br/><br/>1.10 Ethics and the Financial System 33<br/><br/>Do You Understand? 35<br/><br/>Summary of Learning Objectives 35<br/><br/>Key Terms 36<br/><br/>Questions and Problems 36<br/><br/>Chapter 2 The Federal Reserve and Its Powers 38<br/><br/>Chapter Preview 39<br/><br/>Learning Objectives 39<br/><br/>2.1 Origins of the Federal Reserve System 39<br/><br/>People & Events: Banking before 1933, Banking from 1933 to 1980, and Banking in the Modern Era 43<br/><br/>2.2 The Current Structure of the Fed 44<br/><br/>2.3 Monetary Powers of the Board of Governors 47<br/><br/>2.4 The Fed’s Regulatory Powers 47<br/><br/>2.5 Independence of the Fed 51<br/><br/>Do You Understand? 53<br/><br/>2.6 The Fed’s Balance Sheet 53<br/><br/>2.7 The Fed’s Role in Check Clearing and the Growth of Electronic Payments 59<br/><br/>Learning by Doing 2.1: Computing a Bank’s Excess Reserve Position 60<br/><br/>2.8 Federal Reserve Tools of Monetary Policy 61<br/><br/>People & Events: The Challenges of Fed Chair Janet Yellen 62<br/><br/>Learning by Doing 2.2: Calculating a Bank’s Reserve Position 66<br/><br/>Summary of Learning Objectives 69<br/><br/>Key Terms 69<br/><br/>Questions and Problems 69<br/><br/>Chapter 3 The Fed and Interest Rates 71<br/><br/>Chapter Preview 72<br/><br/>Learning Objectives 72<br/><br/>3.1 Federal Reserve Control of the Money Supply 72<br/><br/>3.2 The Fed’s Influence on Interest Rates 75<br/><br/>3.3 The Treasury Department and Fiscal Policy 79<br/><br/>Do You Understand? 81<br/><br/>3.4 Goals of Monetary Policy 82<br/><br/>People & Events: The Fed as Lender of Last Resort During the Financial Crisis 87<br/><br/>3.5 The Fed and the Economy 88<br/><br/>People & Events: Black Monday 91<br/><br/>3.6 Complications of Monetary Policy 91<br/><br/>3.7 Anatomy of a Financial Crisis 93<br/><br/>People & Events: Good Work If You Can Get It: Executive Bonuses During Bailouts? 100<br/><br/>Do You Understand? 101<br/><br/>Summary of Learning Objectives 102<br/><br/>Key Terms 102<br/><br/>Questions and Problems 102<br/><br/>Part II How Interest Rates are Determined 105<br/><br/>Chapter 4 The Level of Interest Rates 107<br/><br/>Chapter Preview 108<br/><br/>Learning Objectives 108<br/><br/>4.1 What are Interest Rates? 108<br/><br/>4.2 The Real Rate of Interest 109<br/><br/>4.3 Loanable Funds Theory of Interest 111<br/><br/>Do You Understand? 114<br/><br/>4.4 Price Expectations and Interest Rates 114<br/><br/>4.5 A Restatement of the Fisher Equation 116<br/><br/>People & Events: What Is the Actual Inflation Rate? 117<br/><br/>Do You Understand? 121<br/><br/>People & Events: Estimating the Expected Rate of Inflation from TIPS 122<br/><br/>4.6 Forecasting Interest Rates 122<br/><br/>4.7 Interest Rates and Currency Values 124<br/><br/>Summary of Learning Objectives 125<br/><br/>Key Terms 126<br/><br/>Questions and Problems 126<br/><br/>Chapter 5 Bond Prices and Interest Rate Risk 127<br/><br/>Chapter Preview 128<br/><br/>Learning Objectives 128<br/><br/>5.1 The Time Value of Money 128<br/><br/>Do You Understand? 130<br/><br/>5.2 Bond Pricing 131<br/><br/>People & Events: Bond Market Liquidity and the Volcker Rule 132<br/><br/>Learning by Doing 5.1: Calculating the Price of a Bond Using a Financial Calculator 135<br/><br/>5.3 Bond Yields 136<br/><br/>Learning by Doing 5.2: Calculating the Yield‐to‐Maturity on a Bond 137<br/><br/>Do You Understand? 140<br/><br/>5.4 Important Bond Pricing Relationships 140<br/><br/>5.5 Interest Rate Risk and Duration 144<br/><br/>Learning by Doing 5.3: Calculating the Duration of a Bond 146<br/><br/>People & Events: Betting the Farm on Interest Rates and Losing 155<br/><br/>Do You Understand? 156<br/><br/>Summary of Learning Objectives 156<br/><br/>Key Terms 157<br/><br/>Questions and Problems 157<br/><br/>Chapter 6 The Structure of Interest Rates 159<br/><br/>Chapter Preview 160<br/><br/>Learning Objectives 160<br/><br/>6.1 The Term Structure of Interest Rates 160<br/><br/>Learning by Doing 6.1: Using the Term Structure Formula to Calculate Implied Forward Rates 165<br/><br/>Do You Understand? 171<br/><br/>People & Events: More on Forecasting Future Interest Rates 172<br/><br/>6.2 Default Risk 172<br/><br/>6.3 Tax Treatment 176<br/><br/>People & Events: The Credit‐Rating Club 177<br/><br/>Do You Understand? 180<br/><br/>6.4 Marketability 180<br/><br/>6.5 Options on Debt Securities 180<br/><br/>6.6 Behavior of Interest Rates over the Business Cycle 183<br/><br/>Do You Understand? 185<br/><br/>Summary of Learning Objectives 185<br/><br/>Key Terms 186<br/><br/>Questions and Problems 186<br/><br/>Part III Financial Markets 189<br/><br/>Chapter 7 Money Markets 191<br/><br/>Chapter Preview 192<br/><br/>Learning Objectives 192<br/><br/>7.1 How the Money Markets Work 192<br/><br/>7.2 Economic Role of the Money Markets 193<br/><br/>7.3 Features of Money Market Instruments 194<br/><br/>7.4 Treasury Bills 194<br/><br/>Learning by Doing 7.1: Calculating the Discount Yield 199<br/><br/>Learning by Doing 7.2: Calculating the Bond Equivalent Yield 199<br/><br/>Do You Understand? 200<br/><br/>7.5 Federal Agency Securities 201<br/><br/>7.6 Federal Funds 203<br/><br/>7.7 Other Major Money Market Instruments 205<br/><br/>People & Events: Lehman Brothers’ “Creative” Accounting: Repos 105 and 108 207<br/><br/>7.8 Money Market Participants 211<br/><br/>7.9 The Impact of the 2007–2008 Financial Crisis on the Money Markets 213<br/><br/>People & Events: How Breaking the Buck (Almost) Broke the Commercial Paper Market 216<br/><br/>Do You Understand? 217<br/><br/>Summary of Learning Objectives 218<br/><br/>Key Terms 219<br/><br/>Questions and Problems 219<br/><br/>Chapter 8 Bond Markets 220<br/><br/>Chapter Preview 221<br/><br/>Learning Objectives 221<br/><br/>8.1 Functions of the Capital Markets 221<br/><br/>8.2 The U.S. Government and Agency Securities 223<br/><br/>People & Events: What Do Negative Yields on TIPS Tell Us? 226<br/><br/>Do You Understand? 227<br/><br/>8.3 State and Local Government Bonds 227<br/><br/>People & Events: Build America Bonds Keep Municipal Finance Going During the Crisis 232<br/><br/>8.4 Corporate Bonds 232<br/><br/>Do You Understand? 237<br/><br/>8.5 Financial Guarantees 237<br/><br/>8.6 Securitized Credit Instruments 238<br/><br/>8.7 Capital Market Regulators 240<br/><br/>8.8 Bond Markets Around the World are Increasingly Linked 241<br/><br/>8.9 The Impact of the 2007–2008 Financial Crisis on the Bond Markets 242<br/><br/>Do You Understand? 244<br/><br/>Summary of Learning Objectives 244<br/><br/>Key Terms 245<br/><br/>Questions and Problems 245<br/><br/>Chapter 9 Mortgage Markets and Mortgage‐Backed Securities 247<br/><br/>Chapter Preview 248<br/><br/>Learning Objectives 248<br/><br/>9.1 The Unique Nature of Mortgage Markets 249<br/><br/>9.2 Types of Mortgages 249<br/><br/>9.3 Mortgage Qualifying 257<br/><br/>Learning by Doing 9.1: Determining How Much Home You Can Buy 259<br/><br/>Do You Understand? 260<br/><br/>9.4 Mortgage‐Backed Securities 261<br/><br/>9.5 Mortgage Prepayment Risk and Other MBS 265<br/><br/>Do You Understand? 270<br/><br/>9.6 Participants in the Mortgage Markets 271<br/><br/>People & Events: The Rise and Fall of Fannie and Freddie 273<br/><br/>Do You Understand? 274<br/><br/>9.7 Relationship Between Mortgage Markets and the Capital Markets 275<br/><br/>Summary of Learning Objectives 276<br/><br/>Key Terms 277<br/><br/>Questions and Problems 278<br/><br/>Chapter 10 Equity Markets 279<br/><br/>Chapter Preview 280<br/><br/>Learning Objectives 280<br/><br/>10.1 What are Equity Securities? 280<br/><br/>10.2 Equity Markets 282<br/><br/>People & Events: The Retail Brokerage Industry 287<br/><br/>10.3 Equity Trading 287<br/><br/>10.4 Global Stock Markets 291<br/><br/>10.5 Large-Scale and High Frequency Trading 292<br/><br/>People & Events: High Speed Trading and the Demise of Knight Capital Group in 45 Minutes 293<br/><br/>10.6 Regulation of Equity Markets 294<br/><br/>Do You Understand? 294<br/><br/>10.7 Stock Market Indexes 295<br/><br/>People & Events: Circuit Breakers, Black Monday, and the Flash Crash 296<br/><br/>Summary of Learning Objectives 297<br/><br/>Key Terms 298<br/><br/>Questions and Problems 299<br/><br/>Chapter 11 Derivatives Markets 300<br/><br/>Chapter Preview 301<br/><br/>Learning Objectives 301<br/><br/>11.1 The Nature of Derivative Securities 301<br/><br/>11.2 Forward Markets 302<br/><br/>11.3 Futures Markets 304<br/><br/>Do You Understand? 311<br/><br/>11.4 Uses of the Financial Futures Markets 311<br/><br/>Learning by Doing 11.1: Hedging Risk in a Stock Portfolio 313<br/><br/>11.5 Risks in the Futures Markets 318<br/><br/>Do You Understand? 319<br/><br/>11.6 Options Markets 319<br/><br/>Do You Understand? 325<br/><br/>11.7 Swap Markets 326<br/><br/>People & Events: Swap Market Regulation 329<br/><br/>Summary of Learning Objectives 330<br/><br/>Key Terms 331<br/><br/>Questions and Problems 331<br/><br/>Chapter 12 International Markets 332<br/><br/>Chapter Preview 333<br/><br/>Learning Objectives 333<br/><br/>12.1 The Difficulties of International Trade 333<br/><br/>12.2 Exchange Rates 334<br/><br/>12.3 Balance of Payments 337<br/><br/>12.4 Foreign Exchange Markets 341<br/><br/>12.5 Spot and Forward Transactions 343<br/><br/>Learning by Doing 12.1: Using Forward Contracts to Hedge Exchange Rate Risks 343<br/><br/>People & Events: The Big Mac Test of Purchasing Power Parity 345<br/><br/>12.6 Capital Flows and Exchange Rates 346<br/><br/>Do You Understand? 349<br/><br/>People & Events: The Greek Crisis and Lessons for the U.S. 350<br/><br/>12.7 Government Intervention in Foreign Exchange Markets 351<br/><br/>Learning by Doing 12.2: Using Purchasing Power Parity to Determine the Expected Exchange Rate 353<br/><br/>12.8 Financing International Trade 354<br/><br/>Do You Understand? 355<br/><br/>12.9 International Money and Capital Markets 355<br/><br/>12.10 The Globalization of Financial Markets 358<br/><br/>Summary of Learning Objectives 360<br/><br/>Key Terms 360<br/><br/>Questions and Problems 361<br/><br/>Part IV Commercial Banking 363<br/><br/>Chapter 13 Commercial Bank Operations 365<br/><br/>Chapter Preview 366<br/><br/>Learning Objectives 366<br/><br/>13.1 An Overview of the Banking Industry 366<br/><br/>13.2 Balance Sheet for a Commercial Bank 369<br/><br/>13.3 The Source of Bank Funds 370<br/><br/>Do You Understand? 375<br/><br/>13.4 Bank Uses of Funds: Bank Investments and Cash Assets 376<br/><br/>13.5 Bank Uses of Funds: Loans and Leases 378<br/><br/>13.6 Loan Pricing 381<br/><br/>13.7 Analysis of Loan Credit Risk 384<br/><br/>People & Events: What’s Your Score? 385<br/><br/>Do You Understand? 386<br/><br/>13.8 Fee‐Based Services 386<br/><br/>13.9 Off‐Balance‐Sheet Banking 387<br/><br/>Do You Understand? 391<br/><br/>13.10 Bank Earnings 392<br/><br/>13.11 Bank Performance 396<br/><br/>Do You Understand? 397<br/><br/>Summary of Learning Objectives 398<br/><br/>Key Terms 398<br/><br/>Questions and Problems 399<br/><br/>Chapter 14 International Banking 400<br/><br/>Chapter Preview 401<br/><br/>Learning Objectives 401<br/><br/>14.1 Development of International Banking 401<br/><br/>14.2 Regulation of Overseas Banking Activities 404<br/><br/>14.3 Delivery of Overseas Banking Services 406<br/><br/>Do You Understand? 409<br/><br/>14.4 International Lending 409<br/><br/>People & Events: The LIBOR Scandal 411<br/><br/>Do You Understand? 416<br/><br/>14.5 Foreign Banks in the United States 416<br/><br/>14.6 Future Directions of International Banking 420<br/><br/>Summary of Learning Objectives 420<br/><br/>Key Terms 421<br/><br/>Questions and Problems 421<br/><br/>Chapter 15 Regulation of Financial Institutions 422<br/><br/>Chapter Preview 423<br/><br/>Learning Objectives 423<br/><br/>15.1 Reasons for Regulation 423<br/><br/>15.2 Bank Failures and Regulation 426<br/><br/>People & Events: WaMu and the Destructive “Power of Yes” 431<br/><br/>15.3 Safety and Soundness Regulation: Deposit Insurance 432<br/><br/>Do You Understand? 434<br/><br/>15.4 Deposit Insurance Issues 435<br/><br/>Do You Understand? 438<br/><br/>15.5 Safety and Soundness Regulation: Capital Requirements 439<br/><br/>Do You Understand? 447<br/><br/>15.6 Bank Examinations 447<br/><br/>15.7 Structure and Competition Regulations 450<br/><br/>15.8 Consumer Protection Regulations 452<br/><br/>People & Events: Excerpts from “What are the FDIC’s primary new responsibilities under the new law?” 454<br/><br/>15.9 Bank Regulators 456<br/><br/>Do You Understand? 458<br/><br/>Summary of Learning Objectives 459<br/><br/>Key Terms 459<br/><br/>Questions and Problems 460<br/><br/>Part V Financial Institutions 463<br/><br/>Chapter 16 Thrift Institutions and Finance Companies 465<br/><br/>Chapter Preview 466<br/><br/>Learning Objectives 466<br/><br/>16.1 Historical Development of Savings Institutions 467<br/><br/>16.2 Operations of Savings Institutions 470<br/><br/>Do You Understand? 478<br/><br/>16.3 Credit Unions 478<br/><br/>People & Events: Demographic Change Brings Opportunity 479<br/><br/>16.4 Thrift Institutions Around the Globe 484<br/><br/>People & Events: Commercial Banks Versus Credit Unions 485<br/><br/>Do You Understand? 486<br/><br/>16.5 Finance Companies 486<br/><br/>People & Events: GE Divests Much of Its Finance Company Business 488<br/><br/>Do You Understand? 494<br/><br/>Summary of Learning Objectives 494<br/><br/>Key Terms 495<br/><br/>Questions and Problems 495<br/><br/>Chapter 17 Insurance Companies and Pension Funds 496<br/><br/>Chapter Preview 497<br/><br/>Learning Objectives 497<br/><br/>17.1 Insurance 497<br/><br/>People & Events: 9/11 and Katrina: Insurance Coverage Disputes 499<br/><br/>17.2 The Insurance Industry 501<br/><br/>People & Events: The Rise, Fall, and Return of American International Group (AIG) 503<br/><br/>Do You Understand? 508<br/><br/>17.3 Life and Health Insurance Products 508<br/><br/>Learning by Doing 17.1: Calculating Policyholders’ Surplus 514<br/><br/>Do You Understand? 515<br/><br/>17.4 Property and Liability Insurance Products 515<br/><br/>Learning by Doing 17.2: Measuring Insurance Company Profitability with the Combined Ratio 518<br/><br/>Do You Understand? 519<br/><br/>17.5 Pensions 519<br/><br/>Do You Understand? 524<br/><br/>Summary of Learning Objectives 524<br/><br/>Key Terms 525<br/><br/>Questions and Problems 526<br/><br/>Chapter 18 Investment Banking 527<br/><br/>Chapter Preview 528<br/><br/>Learning Objectives 528<br/><br/>18.1 The Relationship Between Commercial and Investment Banking 528<br/><br/>18.2 Primary Services of an Investment Bank 533<br/><br/>People & Events: Where, Oh, Where Have All the Investment Banks Gone? 534<br/><br/>Do You Understand? 543<br/><br/>18.3 Private Equity 543<br/><br/>Learning by Doing 18.1: Evaluating a Venture Capital Investment 546<br/><br/>Do You Understand? 548<br/><br/>Summary of Learning Objectives 548<br/><br/>Key Terms 549<br/><br/>Questions and Problems 549<br/><br/>Chapter 19 Investment Companies 551<br/><br/>Chapter Preview 552<br/><br/>Learning Objectives 552<br/><br/>19.1 Investment Companies 552<br/><br/>19.2 Open‐End Mutual Funds 553<br/><br/>Learning by Doing 19.1: Calculating Net Asset Value 554<br/><br/>People & Events: Money Market Mutual Funds Breaking the Buck 563<br/><br/>19.3 Closed‐End Mutual Funds 566<br/><br/>19.4 Exchange‐Traded Funds 567<br/><br/>Do You Understand? 572<br/><br/>19.5 Hedge Funds 572<br/><br/>People & Events: Hedge Funds and the Dodd‐Frank Wall Street Reform and Consumer Protection Act 573<br/><br/>Do You Understand? 576<br/><br/>19.6 Real Estate Investment Trusts 576<br/><br/>Summary of Learning Objectives 578<br/><br/>Key Terms 579<br/><br/>Questions and Problems 579<br/><br/>Chapter 20 Risk Management in Financial Institutions 580<br/><br/>Chapter Preview 581<br/><br/>Learning Objectives 581<br/><br/>20.1 The Dilemma: Profitability Versus Safety 581<br/><br/>20.2 Liquidity Management 583<br/><br/>Do You Understand? 586<br/><br/>People & Events: Operational Risk 587<br/><br/>20.3 Managing Credit Risk 587<br/><br/>People & Events: Counterparty Controversy: AIG and Its Risky Risk Management 591<br/><br/>Do You Understand? 593<br/><br/>20.4 Measuring and Assessing Interest Rate Risk 593<br/><br/>20.5 Hedging Interest Rate Risk 602<br/><br/>Learning by Doing 20.1: Measuring Interest Rate Risk 608<br/><br/>Do You Understand? 611<br/><br/>Summary of Learning Objectives 611<br/><br/>Key Terms 612<br/><br/>Questions and Problems 612<br/><br/>Glossary 613<br/><br/>Index 637 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | TEST:<br/>Financial Markets and Institutions, Abridged Edition (with Stock-Trak Coupon) Any suggestions for copywriter or provide generic description of the product to be used for the Internet or non-channel specific applications. NOTE: If you have a book only version for this product, it is imperative that you provide a description that does not include any references to package elements. Gain a clear understanding of why financial markets exist, how financial institutions serve these markets, and what services those institutions offer with the proven conceptual framework and clear presentation in this best-selling FINANCIAL MARKETS AND INSTITUTIONS ABRIDGED 10E. The text weaves timely examples and practical applications throughout as it empha... |
| 526 ## - STUDY PROGRAM INFORMATION NOTE | |
| Program name | Finance - BBA. |
| 650 04 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Finance |
| 650 04 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Accounting. |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Source of classification or shelving scheme | |
| Koha item type | BOOK |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Collection code | Home library | Current library | Shelving location | Date acquired | Source of acquisition | Cost, normal purchase price | Total Checkouts | Full call number | Barcode | Date last seen | Date checked out | Copy number | Price effective from | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No | No | No | No | NonFiction | ULAB Library | ULAB Library | Text Book Area - BBA Dept. | 02/11/2015 | S T S International | 3950.00 | 10 | 332 MAF | 16601 | 25/02/2020 | 08/02/2020 | 1 | 08/02/2016 | BOOK |