Financial Institutions Markets and Money, 11th Edition, Kidwell

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 Financial Institutions, Markets and Money (11th Edition) Contents
Part I , THE FINANCIAL SYSTEM
Chapter 1 An Overview of Financial Markets and Institutions Chapter Preview Learning
Objectives 1.1 The Financial System 1.2 Financial Markets and Direct Financing Do You
Understand? PEOPLE & EVENTS: Wall Street Faces Global Competition 1.3 Types of Financial
Markets 1.4 The Money Markets 1.5 The Capital Markets Do You Understand? 1.6 Financial
Intermediaries and Indirect Financing Do You Understand? 1.7 Types of Financial Intermediaries
Do You Understand? 1.8 The Risks Financial Institutions Manage 1.9 Regulation of the Financial
System Do You Understand? Summary of Learning Objectives Key Terms Questions and
Problems Internet Exercise
Chapter 2 The Federal Reserve and Its Powers Chapter Preview Learning Objectives 2.1 Origins
of The Federal Reserve System PEOPLE & EVENTS: Free Banking and Wildcat Banks 2.2 The
Current Structure of The Fed 2.3 Monetary Powers of the Board of Governors 2.4 The Fed's
Regulatory Powers 2.5 Independence of The Fed Do You Understand? 2.6 The Fed's Balance
Sheet Learning by Doing 2.1: Computing a Bank's Excess Reserve Position 2.7 The Fed's Role In
Check Clearing 2.8 Federal Reserve Tools of Monetary Policy PEOPLE & EVENTS: A Contrast
In Style: Greenspan versus Bernanke Learning by Doing 2.2: Calculating a Bank's Reserve
Position Summary of Learning Objectives Key Terms Questions and Problems Internet Exercise
Chapter 3 The Fed and Interest Rates Chapter Preview Learning Objectives 3.1 Federal Reserve
Control of The Money Supply 3.2 The Fed's Influence on Interest Rates 3.3 The Treasury
Department and Fiscal Policy Do You Understand? 3.4 Goals of Monetary Policy PEOPLE &
EVENTS: The Fed as Lender of Last Resort: Preventing a Financial Panic 3.5 The Fed and the
Economy PEOPLE & EVENTS: Black Monday 3.6 Complications of Monetary Policy 3.7
Anatomy of a Financial Crisis Do You Understand? Summary of Learning Objectives Key Terms
Questions and Problems Internet Exercise Part II, How Interest Rates Are Determined
Chapter 4 The Level of Interest Rates Chapter Preview Learning Objectives 4.1 What Are Interest
Rates? 4.2 The Real Rate of Interest 4.3 Loanable Funds Theory of Interest Do You Understand?
4.4 Price Expectations and Interest Rates PEOPLE & EVENTS: Irving Fisher (1867-1947):
Economist Do You Understand? PEOPLE & EVENTS: Estimating the Expected Rate of Inflation
from TIPS 4.5 Forecasting Interest Rates Summary of Learning Objectives Key Terms Questions
and Problems Internet Exercise
Chapter 5 Bond Prices and Interest Rate Risk Chapter Preview Learning Objectives 5.1 The Time
Value of Money Do You Understand? 5.2 Bond Pricing PEOPLE & EVENTS: Rogue Trader
Incurs Huge Financial Losses for French Bank Learning by Doing 5.1: Calculating the Price of a
Bond Using a Financial Calculator 5.3 Bond Yields Learning by Doing 5.2: Calculating the Yield
to Maturity on a Bond Do You Understand? 5.4 Important Bond Pricing Relationships 5.5 Interest
Rate Risk and Duration Learning by Doing 5.3: Calculating the Duration of a Bond PEOPLE &
EVENTS: Betting the Farm on Interest Rates and Losing Do You Understand? Summary of
Learning Objectives Key Terms Questions and Problems Internet Exercise
Chapter 6 The Structure of Interest Rates Chapter Preview Learning Objectives 6.1 The Term
Structure of Interest Rates Learning by Doing 6.1: Using the Term Structure Formula to Calculate
Implied Forward Rates Do You Understand? 6.2 Default Risk PEOPLE & EVENTS: The Credit-
Rating Club 6.3 Tax Treatment Do You Understand? 6.4 Marketability 6.5 Options of Debt
Securities Do You Understand? 6.6 Behavior of Interest Rates over the Business Cycle Summary
of Learning Objectives Key Terms Questions and Problems Internet Exercise Part III, Financial
Markets
Chapter 7 Money Markets Chapter Preview Learning Objectives 7.1 How the Money Markets
Work 7.2 Economic Role of the Money Markets 7.3 Characteristics of Money Market Instruments
7.4 Treasury Bills Learning by Doing 7.1: Calculating the Discount Yield Learning by Doing 7.2:
Calculating the Bond Equivalent Yield Do You Understand? 7.5 Federal Agency Securities 7.6
Fed Funds 7.7 Other Major Money Market Instruments PEOPLE & EVENTS: Lehman Brothers
"Creative" Accounting: Repos 105 and 108 7.8 Money Market Participants 7.9 The Impact of the
2007-2009 Financial Crisis on the Money Markets PEOPLE & EVENTS: How Breaking the Buck
(Almost) Broke the Commercial Paper Market Do You Understand? Summary of Learning
Objectives Key Terms Questions and Problems Internet Exercise
Chapter 8 Bond Markets Chapter Preview Learning Objectives 8.1 Functions of the Capital
Markets 8.2 U.S. Government and Agency Securities PEOPLE & EVENTS: What Do Negative
Yields on TIPS Tell Us? Do You Understand? 8.3 State and Local Government Bonds 8.4
Corporate Bonds Do You Understand? 8.5 Financial Guarantees 8.6 Securitized Credit
Instruments 8.7 Financial Market Regulators 8.8 Bond Markets Around the World Are
Increasingly Linked 8.9 The Impact of the 2007-2009 Financial Crisis on the Bond Markets Do
You Understand? Summary of Learning Objectives Key Terms Questions and Problems Internet
Exercise
Chapter 9 Mortgage Markets Chapter Preview Learning Objectives 9.1 The Unique Nature of
Mortgage Markets 9.2 Types of Mortgages Do You Understand? 9.3 Mortgage Qualifying Do You
Understand? 9.4 Mortgage-backed Securities Learning by Doing 9.1: Determining How Much
Home You Can Buy 9.5 Mortgage Prepayment Risk Do You Understand? 9.6 Participants in the
Mortgage Markets PEOPLE & EVENTS: The Rise and Fall of Fannie and Freddie 9.7
Relationship between Mortgage Markets and the Capital Markets Summary of Learning
Objectives Key Terms Questions and Problems Internet Exercise
Chapter 10 Equity Markets Chapter Preview Learning Objectives 10.1 What Are Equity
Securities? 10.2 Equity Markets 10.3 Equity Trading 10.4 Global Stock Markets 10.5 Regulation
of Equity Markets Do You Understand? 10.6 Equity Valuation Basics Do You Understand?
Learning by Doing 10.1: Valuing a Stock 10.7 Equity Risk Do You Understand? 10.8 Stock
Market Indexes PEOPLE & EVENTS: Circuit Breakers, Black Monday, and the Flash Crash 10.9
The Stock Market as a Predictor of Economic Activity Summary of Learning Objectives Key
Terms Questions and Problems Internet Exercise
Chapter 11 Derivatives Markets Chapter Preview Learning Objectives 11.1 The Nature of
Derivative Securities 11.2 Forward Markets 11.3 Futures Markets 11.4 Uses of the Financial
Futures Markets Learning by Doing 11.1: Hedging Risk in a Stock Portfolio 11.5 Risks in the
Futures Markets Do You Understand? 11.6 Options Markets Do You Understand? 11.7
Regulations of the Futures and Options Markets 11.8 Swap Markets PEOPLE & EVENTS: Swap
Market Regulation Summary of Learning Objectives Key Terms Questions and Problems Internet
Exercise
Chapter 12 International Markets Chapter Preview Learning Objectives 12.1 Difficulties of
International Trade 12.2 Exchange Rates 12.3 Balance of Payments 12.4 Foreign Exchange
Markets 12.5 Spot and Forward Transactions Learning by Doing 12.1: Using Forward Contracts
to Hedge Exchange Rate Risks PEOPLE & EVENTS: The Big Mac Test of Purchasing Power
Parity 12.6 Capital Flows and Exchange Rates Do You Understand? 12.7 Government Intervention
in Foreign Exchange Markets Learning by Doing 12.2: Using Purchasing Power Parity to
Determine the Expected Exchange Rate 12.8 Financing International Trade Do You Understand?
12.9 International Money and Capital Markets 12.10 The Globalization of Financial Markets
Summary of Learning Objectives Key Terms Questions and Problems Internet Exercise Part IV,
Commercial Banking
Chapter 13 Commercial Bank Operations Chapter Preview Learning Objectives 13.1 An Overview
of the Banking Industry 13.2 Balance Sheet for a Commercial Bank 13.3 The Source of Bank
Funds Do You Understand? 13.4 Bank Uses of Funds: Bank Investments and Cash Assets 13.5
Bank Uses of Funds: Loans and Leases 13.6 Loan Pricing 13.7 Analysis of Loan Credit Risk
PEOPLE & EVENTS: What's Your Score? Do You Understand? 13.8 Fee-Based Services 13.9
Off-Balance-Sheet Banking Do You Understand? 13.10 Bank Earnings 13.11 Bank Performance
Do You Understand? 13.12 Bank and Financial Holding Companies Summary of Learning
Objectives Key Terms Questions and Problems Internet Exercise
Chapter 14 International Banking Chapter Preview Learning Objectives 14.1 Development of
International Banking 14.2 Regulation of Overseas Banking Activities 14.3 Delivery of Overseas
Banking Services PEOPLE & EVENTS: Credit Risk, Subprime Mortgage Crisis of 2007, and
Challenges to the Banking Sector Do You Understand? 14.4 International Lending Do You
Understand? 14.5 Foreign Banks in the United States 14.6 Future Directions of International
Banking Summary of Learning Objectives Key Terms Questions and Problems Internet Exercise
Chapter 15 Regulation of Financial Institutions Chapter Preview Learning Objectives 15.1
Reasons for Regulation 15.2 Bank Failures and Regulation PEOPLE & EVENTS: WaMu and the
Destructive "Power of Yes" 15.3 Safety and Soundness Regulation: Deposit Insurance Do You
Understand? 15.4 Deposit Insurance Issues Do You Understand? 15.5 Safety and Soundness
Regulation: Capital Requirements Do You Understand? 15.6 Bank Examinations 15.7 Structure
and Competition Regulations 15.8 Consumer Protection Regulations PEOPLE & EVENTS: Dual
or Dueling Banking Systems? 15.9 Bank Regulators Do You Understand? Summary of Learning
Objectives Key Terms Questions and Problems Internet Exercise Part V, Financial Institutions
Chapter 16 Thrift Institutions and Finance Companies Chapter Preview Learning Objectives 16.1
Historical Development of Savings Institutions 16.2 Operations of Savings Institutions Do You
Understand? 16.3 Credit Unions PEOPLE & EVENTS: Demographic Change Brings Opportunity
PEOPLE & EVENTS: Commercial Banks Versus Credit Unions 16.4 Thrift Institutions Around
the Globe Do You Understand? 16.5 Finance Companies Do You Understand? Summary of
Learning Objectives Key Terms Questions and Problems Internet Exercise
Chapter 17 Insurance Companies and Pension Funds Chapter Preview Learning Objectives 17.1
Insurance PEOPLE & EVENTS: 9/11 and Katrina: Insurance Coverage Disputes 17.2 The
Insurance Industry Do You Understand? 17.3 Life and Health Insurance Do You Understand? 17.4
Property and Liability Insurance Learning by Doing 17.1: Calculating Policyholders' Surplus Do
You Understand? 17.5 Pensions Learning by Doing 17.2: Measuring Insurance Company
Profitability with the Combined Ratio Do You Understand? Summary of Learning Objectives Key
Terms Questions and Problems Internet Exercise
Chapter 18 Investment Banking Chapter Preview Learning Objectives 18.1 The Relationship
between Commercial and Investment Banking 18.2 Primary Services of an Investment Bank
PEOPLE & EVENTS: Where, Oh, Where Have All the Investment Banks Gone? Do You
Understand? 18.3 Private Equity Learning by Doing 18.1: Evaluating a Venture Capital
Investment Do You Understand? Summary of Learning Objectives Key Terms Questions and
Problems Internet Exercise
Chapter 19 Investment Companies Chapter Preview Learning Objectives 19.1 Investment
Companies 19.2 Open-end Mutual Funds Learning by Doing 19.1: Calculating Net Asset Value
PEOPLE & EVENTS: Money Market Mutual Funds Breaking the Buck 19.3 Closed-end Mutual
Funds 19.4 Exchange-traded Funds Do You Understand? 19.5 Hedge Funds PEOPLE &
EVENTS: Hedge Funds and the Dodd-Frank Wall Street Reform and Consumer Protection Act
Do You Understand? 19.6 Real Estate Investment Trusts Do You Understand? Summary of
Learning Objectives Key Terms Questions and Problems Internet Exercise
Chapter 20 Risk Management in Financial Institutions Chapter Preview Learning Objectives 20.1
The Dilemma: Profitability versus Safety 20.2 Liquidity Management Do You Understand?
PEOPLE & EVENTS: Operational Risk 20.3 Managing Credit Risk Do You Understand?
PEOPLE & EVENTS: Counterparty Controversy: AIG and Its Risky Risk Management 20.4
Measuring and Assessing Interest Rate Risk 20.5 Hedging Interest Rate Risk Do You Understand?
Learning by Doing 20.1: Measuring Interest Rate Risk Summary of Learning Objectives Key
Terms Questions and Problems Internet Exercise