TABLE OF CONTENTS
Preface
About the Author

Pt. I Introduction
1 Why Study Financial Markets and Institutions?
2 An Overview of the Financial System

Pt. II Principles of Financial Markets
3 Understanding Interest Rates
4 Portfolio Choice
5 The Behavior of Interest Rates
6 The Risk and Term Structure of Interest Rates
7 The Theory of Efficient Capital Markets

Pt. III Financial Markets
8 The Foreign Exchange Market
9 The Money Markets
10 The Capital Markets
11 The Mortgage Markets

Pt. IV The Financial Institutions Industry
12 The Theory of Financial Structure
13 The Banking Firm and Bank Management
14 The Commercial Banking Industry: Structure and Competition
15 Thrifts: Savings and Loans and Credit Unions
16 Banking Regulation
17 Pension and Insurance Companies
18 Finance Companies and Financial Conglomerates
19 Securities Markets and Firms

Pt. V The Management of Financial Institutions
20 Risk Management in Financial Institutions
21 Hedging with Financial Derivatives I: Forwards and Futures
22 Hedging with Financial Derivatives II: Options and Swaps
Pt. VI Central Banking and the Conduct of Monetary Policy
23 The Structure of Central Banks and the Federal Reserve System
24 The Conduct of Monetary Policy: Tools, Goals, and Targets
25 The International Financial System and Monetary Policy
Glossary
Answers to Selected Questions and Problems
Credits
Index