Financial Markets and Institutions: 2024 Release ISE

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 
 12 Commercial Banks’ Financial Statements and Analysis 
 13 Regulation of Commercial Banks 

PART 4: OTHER FINANCIAL INSTITUTIONS 
 14 Other Lending Institutions 
 15 Insurance Companies 
 16 Securities Firms and Investment Banks 
 17 Investment Companies
 18 Pension Funds 
 19 Fintech Companies 

PART 5: RISK MANAGEMENT IN FINANCIAL INSTITUTIONS 
 20 Types of Risks Incurred by Financial Institutions 
 21 Managing Credit Risk on the Balance Sheet 
 22 Managing Liquidity Risk on the Balance Sheet 
 23 Managing Interest Rate Risk and Insolvency Risk on the Balance Sheet 
 24 Managing Risk off the Balance Sheet with Derivative Securities 
 25 Managing Risk off the Balance Sheet with Loan Sales and Securitization 

In response to evolving economic and competitive landscapes, this book underscores the increasing importance of focusing on both profit and risk. It provides a distinctive analysis of the risks encountered by investors and savers engaging with financial institutions and markets while offering strategies for effective risk management. Notably, the book explores emerging areas in finance, including asset securitization, off-balance-sheet activities, and the globalization of financial services. Emphasizing a risk measurement and management framework, it addresses the integration of domestic and foreign financial markets and the shift of financial intermediaries towards a unified financial services industry. 

The content, accessible to students at all levels, combines mathematical rigor with practical tools. It equips students with essential skills for comprehending and navigating the dynamic financial market environment, covering topics such as issuing and trading financial securities, and analyzing financial statements and loan applications. The book strikes a balance between descriptive concepts and analytical techniques, providing a comprehensive understanding of the unique operational context of modern financial markets and institutions.