Financial Markets and Institutions https://www.mheducation.com/cover-images/Jpeg_400-high/1260772403.jpeg 8 9781260772401 Financial Markets and Institutions is aimed at the first course in financial markets and institutions at both the undergraduate and MBA levels. While topics covered in this book are found in more advanced textbooks on financial markets and institutions, the explanations and illustrations are aimed at those with little or no practical or academic experience beyond the introductory-level finance courses. In most chapters, the main relationships are presented by figures, graphs, and simple examples. The more complicated details and technical problems related to in-chapter discussion are provided in appendixes to the chapters. Since the author team's focus is on return and risk and the sources of that return and risk in domestic and foreign financial markets and institutions, this text relates ways in which a modern financial manager, saver, and investor can expand return with a managed level of risk to achieve the best, or most favorable, return–risk outcome.
Financial Markets and Institutions

Financial Markets and Institutions

8th Edition
By Anthony Saunders and Marcia Cornett and Otgo Erhemjamts
ISBN10: 1260772403
ISBN13: 9781260772401
Copyright: 2022
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The estimated amount of time this product will be on the market is based on a number of factors, including faculty input to instructional design and the prior revision cycle and updates to academic research-which typically results in a revision cycle ranging from every two to four years for this product. Pricing subject to change at any time.

Program Details

Part 1: INTRODUCTION AND OVERVIEW OF FINANCIAL MARKETS

Chapter 1: Introduction

Chapter 2: Determinants of Interest Rates

Chapter 3: Interest Rates and Security Valuation

Chapter 4: The Federal Reserve System, Monetary Policy, and InterestRates

Part 2: SECURITIES MARKETS

Chapter 5: Money Markets

Chapter 6: Bond Markets

Chapter 7: Mortgage Markets

Chapter 8: Stock Markets

Chapter 9: Foreign Exchange Markets

Chapter 10: Derivative Securities Markets

Part 3: COMMERCIAL BANKS

Chapter 11: Commercial Banks

Chapter 12: Commercial Banks’ Financial Statements and Analysis

Chapter 13: Regulation of Commercial Banks

Part 4: OTHER FINANCIAL INSTITUTIONS

Chapter 14: Other Lending Institutions

Chapter 15: Insurance Companies

Chapter 16: Securities Firms and Investment Banks

Chapter 17: Investment Companies

Chapter 18: Pension Funds

Chapter 19: Fintech Companies

Part 5: RISK MANAGEMENT IN FINANCIAL INSTITUTIONS

Chapter 20: Types of Risks Incurred by Financial Institutions

Chapter 21: Managing Credit Risk on the Balance Sheet

Chapter 22: Managing Liquidity Risk on the Balance Sheet

Chapter 23: Managing Interest Rate Risk and Insolvency Risk on theBalance Sheet

Chapter 24: Managing Risk off the Balance Sheet with DerivativeSecurities

Chapter 25: Managing Risk off the Balance Sheet with Loan Sales andSecuritization

About the Author

Anthony Saunders

Anthony Saunders received his Ph.D. from the London School of Economics. He is John M. Schiff Professor of Finance and the former chair of the Department of Finance at the Stern School of Business at New York University. Dr. Saunders has taught both undergraduate and graduate level courses at New York University since 1978. Throughout his academic career, his teaching and research have specialized in financial institutions and international banking. He has served as a visiting professor all over the world, including INSEAD, the Stockholm School of Economics, and the University of Melbourne. He is currently on the Executive Committee of the Salomon Center for the Study of Financial Institutions, New York University. His research has been published in all the major money and banking and finance journals and in several books. In addition, he has authored or co-authored several professional books, the most recent of which is Credit Risk Measurement: New Approaches to Value at Risk and Other Paradigms.

Marcia Cornett

Marcia Millon Cornett received a B.S. in economics from Knox College and her M.B.A. and Ph.D. in finance from Indiana University, Bloomington. She is Robert A. and Julia E. Dorn Professor of Finance at Bentley University. Dr. Cornett is co-author with Anthony Saunders of Financial Institutions Management and Financial Markets and Institutions. She serves as an associate editor for the Journal of Banking and Finance, the Journal of Financial Services Research, Review of Financial Economics, Financial Review, and Multinational Finance Journal. Dr. Cornett has served on the board of directors, the executive committee, and the finance committee of the Southern Illinois University Credit Union. Dr. Cornett has taught at Southern Illinois University at Carbondale, the University of Colorado, Boston College, and Southern Methodist University. She is a member of the Financial Management Association, the American Finance Association, and the Western Finance Association.

Otgo Erhemjamts

Otgo Erhemjamts is a Professor of Finance at Bentley University. She received her PhD in Finance from Georgia State University. Her research interests are in corporate social responsibility, sustainable investing, corporate finance, and corporate governance. Her work has appeared in reputable academic journals including the Journal of Business Ethics; Journal of Banking and Finance; Journal of Money, Credit, and Banking; Journal of Financial Research; The Financial Review; and Journal of Risk & Insurance. She teaches graduate and undergraduate courses in investments, equity research, and sustainable investing. Her prior teaching experience includes teaching corporate finance, risk management, and financial institutions courses at Georgia State University, Atlanta, GA.

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