金融市场与金融机构(英文版第12版经济学经典教材高等学校经济类双语教学推荐教材)/金

《金融市场与金融机构》（英文版·第十二版） 通过分析金融市场以及服务于金融市场的金融机构， 使读者了解金融市场存在的原因、金融机构如何为金 融市场提供服务以及提供哪些服务。本书对金融服务 的探讨是按金融机构所能提供的金融服务类型展开论 述的，重点围绕金融机构的管理、绩效和监管，探讨 了美联储系统、主要债务和股权证券市场以及衍生证 券市场的功能。本书还反映了次贷危机以来该领域的 最新发展，特别是监管改革的最新动态。 授课教师可根据具体情况来决定关注本书某些章 节并略过其他章节，章节可重新安排并不失连贯性。 本书适用于本科与研究生水平金融市场或金融机 构相关课程。本书对金融机构从业人员也极具参考价 值。

Preface PART 1: Overview of the Financial Environment 1: ROLE OF FINANCIAL MARKETS AND INSTITUTIONS 1-1 Role of Financial Markets 1-2 Securities Traded in Financial Markets 1-3 Role of Financial Institutions 1-4 Credit Crisis for Financial Institutions PART 2: The Fed and Monetary Policy 2: MONETARY POLICY 2-1 Mechanics of Monetary Policy 2-2 Implementing Monetary Policy 2-3 Trade-off in Monetary Policy 2-4 Monitoring the Impact of Monetary Policy 2-5 Global Monetary Policy PART 3: Debt Security Markets 3: MONEY MARKETS 3-1 Money Market Securities 3-2 Institutional Use of Money Markets 3-3 Valuation of Money Market Securities 3-4 Globalization of Money Markets 4: BOND MARKETS 4-1 Background on Bonds 4-2 Treasury and Federal Agency Bonds 4-3 Municipal Bonds 4-4 Corporate Bonds 4-5 Globalization of Bond and Loan Markets 4-6 Other Types of Long-Term Debt Securities 5: BOND VALUATION AND RISK 5-1 Bond Valuation Process 5-2 Explaining Bond Price Movements 5-3 Sensitivity of Bond Prices to Interest Rate Movements 5-4 Bond Investment Strategies 5-5 Valuation and Risk of International Bonds 6: MORTGAGE MARKETS 6-1 Background on Mortgages 6-2 Types of Residential Mortgages 6-3 Valuation of Mortgages 6-4 Mortgage-Backed Securities 6-5 Credit Crisis PART 4: Equity Markets 7: STOCK OFFERINGS AND INVESTOR MONITORING 7-1 Private Equity 7-2 Public Equity 7-3 Initial Public Offerings 7-4 Stock Offerings and Repurchases 7-5 Stock Exchanges 7-6 Monitoring Publicly Traded Companies 7-7 Market for Corporate Control 7-8 Globalization of Stock Markets 8: STOCK VALUATION AND RISK 8-1 Stock Valuation Methods 8-2 Required Rate of Return on Stocks 8-3 Factors That Affect Stock Prices 8-4 Stock Risk 8-5 Risk-Adjusted Stock Performance 8-6 Stock Market Efficiency 8-7 Foreign Stock Valuation and Performance 9: MARKET MICROSTRUCTURE AND STRATEGIES 9-1 Stock Market Transactions 9-2 How Stock Transactions Are Executed 9-3 High Frequency Trading 9-4 Regulation of Stock Trading 9-5 Trading International Stocks PART 5: Derivative Security Markets 10: FINANCIAL FUTURES MARKETS 10-1 Background on Financial Futures 10-2 Interest Rate Futures Contracts 10-3 Stock Index Futures 10-4 Single Stock Futures 10-5 Risk of Trading Futures Contracts 10-6 Globalization of Futures Markets 11: OPTION MARKETS 11-1 Background on Options 11-2 Determinants of Stock Option Premiums 11-3 Speculating with Stock Options 11-4 Hedging with Stock Options 11-5 Options on ETFs and Stock Indexes 11-6 Options on Futures Contracts 11-7 Options as Executive Compensation 11-8 Globalization of Options Markets 12: SWAP MARKETS 12-1 Background 12-2 Types of Swaps 12-3 Risks of Interest Rate Swaps 12-4 Pricing Interest Rate Swaps 12-5 Performance of Interest Rate Swaps 12-6 Interest Rate Caps, Floors, and Collars 12-7 Credit Default Swaps 12-8 Globalization of Swap Markets 13: FOREIGN EXCHANGE DERIVATIVE MARKETS 13-1 Foreign Exchange Markets 13-2 Factors Affecting Exchange Rates 13-3 Forecasting Exchange Rates 13-4 Foreign Exchange Derivatives 13-5 International Arbitrage PART 6: Commercial Banking 14: COMMERCIAL BANK OPERATIONS 14-1 Background on Commercial Banks 14-2 Bank Sources of Funds 14-3 Bank Uses of Funds 14-4 0ff-Balance Sheet Activities 14-5 International Banking 15: BANK REGULATION 15-1 Regulatory Structure 15-2 Regulation of Bank Operations 15-3 Regulation of Capital 15-4 How Regulators Monitor Banks 15-5 Government Rescue of Fa