| Description |
This text discusses the structure, functions and operations of a modern financial system and, crucially, recognises that finance is a global business. Therefore, as well as solid integration of the local financial environment, the international aspect has been considered essential and means the text is as relevant to a commercial bank in Hong Kong as to an investment bank in Sydney. Comprehensively updated to take account of the continuing crisis in the world financial market, this text has been further improved with an additional chapter on risk management and derivatives. This provides flexibility to the lecturer, who may choose to cover the four chapters in Part 6 or rely simply on the more concise coverage of Chapter 18. |
| Key Features |
| Table of Contents |
Part 1: Financial Institutions 1 A modern financial system: An overview 2 Commercial banks 3 Non-bank financial institutions Part 2: Equity Markets 4 The share market and the corporation 5 Corporations issuing equity in the share market 6 Investors in the share market 7 Forecasting share price movements Part 3: The Corporate Debt Market 8 Mathematics of finance: An introduction to basic concepts and calculations 9 Short-term debt 10 Medium- to long-term debt 11 International debt markets Part 4: Government, Debt, Monetary Policy, The Payment System & Interest Rates 12 Government debt, monetary policy and the payments system 13 An introduction to interest rate determination and forecasting 14 Interest rate risk measurement Part 5: The Foreign Exchange Market 15 Foreign exchange: The structure and operation of the FX market 16 Foreign exchange: Factors that influence the exchange rate 17 Foreign exchange: Risk identification and management Part 6: Derivative Markets and Risk Management 18 An introduction to risk management and derivatives 19 Futures contracts and forward rate agreements 20 Options 21 Interest rate swaps, currency swaps and credit default swaps |
