This is an OLD edition. To order the new edition, please perform a new search using the following ISBN: 9780071012416This 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
# Comprehensive coverage of globalisation, deregulation, technology and competition
# Finance Minutes case studies and chapter on government debt updated in light of current issues in finance
# new chapter on risk management and derivatives
# also available as an eBook, offering interactive ways to study
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