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Financial Markets and Institutions https://www.mheducation.com/cover-images/Jpeg_400-high/1259919714.jpeg 7 2019 9781259919718 Financial Markets and Institutions, 7th Edition is aimed at the first course in financial markets and institutions at both the undergraduate and MBA levels. It offers a distinct analysis of the risks faced by investors and savers interacting through financial institutions and financial markets and introduces strategies that can be adopted to control and manage risks. Special emphasis is placed on new areas of operations in financial markets and institutions, such as asset securitization, off-balance-sheet activities, and globalization of financial services. - Part 1 provides an overview of the text and an introduction to financial markets. - Part 2 presents an overview of the various securities markets. - Part 3 summarizes the operations of commercial banks. - Part 4 provides an overview of the key characteristics and regulatory features of the other major sectors of the U.S. financial services industry. - Part 5 concludes the text by examining the risks facing modern financial institutions and financial institution managers, and the various strategies for managing these risks. New to This Edition - Tables and figures in all chapters have been revised to include the latest data. - After the Crisis boxes in each chapter have been revised to highlight significant events related to the financial crisis. - Updates on the major changes proposed to financial regulation have been added throughout the book. - Discussions of how financial markets and institutions continue to recover have been added throughout the book. - Discussions of Brexit’s effect on risks and returns for investors are featured. - Explanations of the impact of initial interest rate increases by the Federal Reserve are given. - Details about the impact of China's economic policies are provided. Digital resources within Connect help students solve financial problems and apply what they've learned. This textbook's strong markets focus and superior pedagogy are combined with a complete digital solution to help students achieve higher outcomes in the course. Connect is the only integrated learning system that empowers students by continuously adapting to deliver precisely what they need, when they need it, and how they need it, so that class time is more engaging and effective.
09781259919718
Financial Markets and Institutions
Financial Markets and Institutions

Financial Markets and Institutions, 7th Edition

ISBN10: 1259919714 | ISBN13: 9781259919718
By Anthony Saunders and Marcia Cornett

Purchase Options:

* 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.

Additional Product Information:

Financial Markets and Institutions, 7th Edition is aimed at the first course in financial markets and institutions at both the undergraduate and MBA levels. It offers a distinct analysis of the risks faced by investors and savers interacting through financial institutions and financial markets and introduces strategies that can be adopted to control and manage risks. Special emphasis is placed on new areas of operations in financial markets and institutions, such as asset securitization, off-balance-sheet activities, and globalization of financial services. - Part 1 provides an overview of the text and an introduction to financial markets. - Part 2 presents an overview of the various securities markets. - Part 3 summarizes the operations of commercial banks. - Part 4 provides an overview of the key characteristics and regulatory features of the other major sectors of the U.S. financial services industry. - Part 5 concludes the text by examining the risks facing modern financial institutions and financial institution managers, and the various strategies for managing these risks. New to This Edition - Tables and figures in all chapters have been revised to include the latest data. - After the Crisis boxes in each chapter have been revised to highlight significant events related to the financial crisis. - Updates on the major changes proposed to financial regulation have been added throughout the book. - Discussions of how financial markets and institutions continue to recover have been added throughout the book. - Discussions of Brexit’s effect on risks and returns for investors are featured. - Explanations of the impact of initial interest rate increases by the Federal Reserve are given. - Details about the impact of China's economic policies are provided. Digital resources within Connect help students solve financial problems and apply what they've learned. This textbook's strong markets focus and superior pedagogy are combined with a complete digital solution to help students achieve higher outcomes in the course. Connect is the only integrated learning system that empowers students by continuously adapting to deliver precisely what they need, when they need it, and how they need it, so that class time is more engaging and effective.

Part 1 INTRODUCTION AND OVERVIEW OF FINANCIAL MARKETS
1.    Introduction
2.    Determinants of Interest Rates
3.    Interest Rates and Security Valuation
4.    The Federal Reserve System, Monetary Policy, and Interest Rates
Part 2 SECURITIES MARKETS
5.    Money Markets
6.    Bond Markets
7.    Mortgage Markets
8.    Stock Markets
9.    Foreign Exchange Markets
10.    Derivative Securities Markets
Part 3 COMMERCIAL BANKS
11.    Commercial Banks: Industry Overview
12.    Commercial Banks’ Financial Statements and Analysis
13.    Regulation of Commercial Banks
Part 4 OTHER FINANCIAL INSTITUTIONS
14.    Other Lending Institutions: Savings Institutions, Credit Unions, and Finance Companies
15.    Insurance Companies
16.    Securities Firms and Investment Banks
17.    Investment Companies
18.    Pension Funds
Part 5 RISK MANAGEMENT IN FINANCIAL INSTITUTIONS
19.    Types of Risks Incurred by Financial Institutions
20.    Managing Credit Risk on the Balance Sheet
21.    Managing Liquidity Risk on the Balance Sheet
22.    Managing Interest Rate Risk and Insolvency Risk on the Balance Sheet
23.    Managing Risk off the Balance Sheet with Derivative Securities
24.    Managing Risk off the Balance Sheet with Loan Sales and Securitization
Connect

By prompting students to engage with key concepts, while continually adapting to their individual needs, Connect activates learning and empowers students to take control resulting in better grades and increased retention rates. Proven online content integrates seamlessly with our adaptive technology, and helps build student confidence outside of the classroom.

SmartBook® 2.0

Available within Connect, SmartBook 2.0 is an adaptive learning solution that provides personalized learning to individual student needs, continually adapting to pinpoint knowledge gaps and focus learning on concepts requiring additional study. SmartBook 2.0 fosters more productive learning, taking the guesswork out of what to study, and helps students better prepare for class. With the ReadAnywhere mobile app, students can now read and complete SmartBook 2.0 assignments both online and off-line. For instructors, SmartBook 2.0 provides more granular control over assignments with content selection now available at the concept level. SmartBook 2.0 also includes advanced reporting features that enable instructors to track student progress with actionable insights that guide teaching strategies and advanced instruction, for a more dynamic class experience.

Video tutorial:

Your text has great instructor tools, like presentation slides, instructor manuals, test banks and more. Follow the steps below to access your instructor resources or watch the step-by-step video.

Steps to access instructor resources:

  1. To get started, visit connect.mheducation.com to sign in. (If you do not have an account, request one from your McGraw Hill rep. To find your rep, visit Find Your Rep)
  2. Then, under "Find a Title," search by title, author, or subject
  3. Select your desired title, and create a course. (You do not have to create assignments, just a course instance)
  4. Go to your Connect course homepage
  5. In the top navigation, select library to access the title's instructor resources

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.

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