Financial Institutions and Markets

Hardcover | June 26, 2003

byMeir Kohn

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Why do financial institutions and markets have the structure they do? Why is that structure changing? These questions are central to the scope and purpose of Meir G. Kohn's Financial Institutions and Markets, 2/e. Unlike most books designed for financial markets and institutions courses, thissuccessful text focuses on the "why" of existing and evolving markets and instruments as well as the "how." Financial Institutions and Markets, 2/e, makes clear the general principles and economic functions underlying all financial intermediaries. It provides a thorough discussion of the specifics of banking, insurance, pension funds, and mutual funds. In a similar fashion, the book elucidates thegeneral principles and economic functions common to all financial markets and offers an in-depth look at the specifics of the particular markets for government securities, mortgages, corporate debt, equity, and derivatives. The final section addresses the management of liquidity and risk anddiscusses the safety, stability, and regulation of financial intermediaries and financial markets. Each chapter begins with a list of study objectives and concludes with a summary. Key terms are listed at the end of each chapter and defined in marginal glossaries as they occur in the text. End-of-chapter questions are included to provide a stimulus for discussion. Accessible to a wide range ofstudents, Financial Institutions and Markets, 2/e, is ideal for courses in financial institutions, financial markets, or a combination of institutions and markets at either the undergraduate or graduate level.

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From the Publisher

Why do financial institutions and markets have the structure they do? Why is that structure changing? These questions are central to the scope and purpose of Meir G. Kohn's Financial Institutions and Markets, 2/e. Unlike most books designed for financial markets and institutions courses, thissuccessful text focuses on the "why" of exis...

Meir Kohn is at Dartmouth College.
Format:HardcoverDimensions:704 pages, 7.4 × 9.41 × 1.3 inPublished:June 26, 2003Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0195134729

ISBN - 13:9780195134728

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Table of Contents

PART I. PRINCIPLES1. Lending, payments, and risk-trading2. The financial system and its technology3. Efficiency, stability, and government intervention4. Interest rates, exchange rates, and security pricesPART II. FINANCIAL INTERMEDIARIES5. Understanding financial intermediaries6. What is a bank?7. The banking industry8. Payments and foreign exchange9. Insurance10. Pension funds and mutual fundsPART III. FINANCIAL MARKETS11. Understanding financial markets12. The market for government securities13. The mortgage market14. The corporate debt market15. The equity market16. The derivatives market: futures, options, and swaps17. The organization of financial marketsPART IV. REGULATION AND STABILITY18. Managing liquidity and risk19. Bank safety and regulation20. Security market stability and regulation

Editorial Reviews

"Kohn is my new textbook of choice for the financial markets and institutional course. It is a major advance over its competitors in several ways: 1. It is as simple as possible, but not simpler 2. It has a good balance between theory and practice 3. It draws upon fiancial history to show howfinancial institutions change over time. This text is a winner."--Zvi Bodie, Professor of Finance and Economics, Boston University