Financial Markets, Instruments, and Institutions (The McGraw-Hill/Irwin Series in Finance, Insurance, and Real Estate) - Hardcover

Santomero, Anthony; Babbel, David

Hardcover

ISBN 10: 0072358688 ISBN 13: 9780072358681

Publisher: McGraw-Hill Inc.,US, 2000

Synopsis

Financial Markets, Instruments and Institutions, 2/e offers a perspective that centers on the function, pricing and institutional structure of the financial markets. It focuses on these areas because financial markets, instruments and institutions have undergone substantial change over the last decade. Santomero/Babbel covers the wide range of financial instruments and the structure of financial markets and institutions, issues not addressed by traditional “Money and Banking” books. Santomero/Babbel also includes valuation and pricing methodologies, issues avoided by lower level “Money and Capital Markets” books.

About this title

From the Publisher

New coverage of important topics including coverage of the Eurodollar, Money Market Mutual Funds, The Financial Modernization Act of 1999 , IPOs, credit derivatives, improved coverage of stock valuation, etc. provides students with the most modern coverage in this course.
A variety of new boxes, readings from Business Week and the Wall Street Journal, and end of chapter review questions have been added to this edition. The new boxes and readings provide real world examples for the student, and the additional end of chapter review questions provide better study tools for the student.
Modern financial pricing theory and technology throughout the book expose the student to modern valuation (which is used among today's leading financial analysts and institutions); students are provided with a seamless bridge from the introductory course through higher level undergraduate and graduate courses.
A modern conceptual framework explains the behavior of all financial institutions (banks, S&Ls, insurance companies, pension funds, etc.)
An in-depth treatment of the markets for money, bond, mortgage and credit, as well as the financial instruments that make up the markets. Additionally, the authors explain the instruments equities, futures, options and other derivatives and their economic reasons for being.
A real world focus is found throughout the text with examples drawn from research as well as the authors' experience consulting with Citibank, the Federal Reserve, Goldman, Sachs & Co., the World Bank, major insurers, and large pension funds. Author Anthony Santomero was recently named the new President of the Federal Reserve Bank in Philadelphia.
Tables, graphs and boxed readings are updated providing students with the current trends of markets.
The pedagogical features for each chapter include a chapter outline, a section defining learning objectives, bolded key terms, end-of-the-chapter summery, key concepts linked to a glossary, review chapters and references. These features help students to understand and review the text.

Edition details

• Publisher: McGraw-Hill Inc.,US
• Publication date: 2000
• Language: English
• ISBN 10: 0072358688
• ISBN 13: 9780072358681
• Binding: Hardcover
• Edition number: 2
• Number of pages: 720