PartI lNTRODUCTlON Chapter 1 Introduction l Chapter 2 Financial Intermediaries and Financial Innovation Chapter 3 The Role of the Government in Financial Markets Part Ⅱ DEPOSlTORY lNSTlTUTlONS Chapter 4 Depository Institutions: Activities and Characteristics Chapter 5 Central Banks and the Creation of Money Chapter 6 Monetary Policy Part Ⅲ NON-DEPOSlTORY FINANCIAL lNTERMEDlARlES Chapter 7 Insurance Companies Chapter 8 Investment Companies Chapter 9 Pension Funds Part Ⅳ DETERMINANTS OF ASSET PRICES AND lNTEREST RATES Chapter 10 Properties and Pricing of Financial Assets Chapter 11 The Level and Structure of Interest Rates Chapter 12 The Term Structure of Interest Rates Chapter 13 Risk/Return and Asset Pricing Models Part V ORGANlZATlON AND STRUCTURE OF MARKETS Chapter 14 Primary Markets and the Underwriting of Securities Chapter 15 Secondary Markets PartⅥ MARKETS FOR GOVERNMENT DEBT Chapter 16 Treasury and Agency Securities Markets Chapter 17 Municipal Securities Markets Part Ⅶ MARKETS FOR CORPORATE SECURlTlES Chapter 18 Common Stock Markets, in the United States Chapter 19 Stock Markets around the World Chapter 20 Markets for Corporate Senior Instruments: I Chapter 21 Corporate Senior InstrUments:Ⅱ Chapter 22 The Markets for Bank Obligtions Part Ⅷ MORTGAGE AND SECURITlZED ASSET MARKETS Chapter 23 The Mortgage Market Chapter 24 Mortgage-Backed Securities Market Chapter 25 Asset-Backed Securities Market Part Ⅸ MARKETS FOR DERlVATIVE SECURlTlES Chapter 26 FinanciaI Futures Markets Chapter 27 Options Markets Chapter 28 Pricing of Futures and Options Contracts Chapter 29 The Applications of Futures and Options Contracts Chapter 3D Interest Rate Swap and Interest Rate Agreement Market Chapter 31 The Market for Foreign Exchange Rate msk Control Instruments Index