000 18746cam a2203997Ii 4500
001 777717
008 161007s20132013tu a b 001 0 eng d
020 _a9780470646199
_q(paperback)
040 _aTR-IsMEF
_beng
_erda
_cTR-IsMEF
041 0 _aeng
049 _aTR-IsMEF
050 _aHG181
_b.K53 2013
100 1 _aKidwell, David S.,
_eauthor.
245 _aFinancial institutions, markets, and money /
_cDavid S. Kidwell, University of Minnesota, David W. Blackwell, Texas A&M University, David A. Whidbee, Washington State University, Richard W. Sias, University of Arizona.
250 _aEleventh edition / International student version.
264 1 _aHoboken, NJ :
_b John Wiley & Sons, Inc.,
_c[2013]
264 4 _a©2013
300 _axxii, 666 pages :
_b illustrations, maps ;
_c 26 cm.
336 _atext
_2rdacontent
337 _aunmediated
_2rdamedia
338 _avolume
_2rdacarrier
500 _aIncludes index.
520 _aKidwell's Financial Institutions 11 th Edition presents a balanced introduction to the operation, mechanics, and structure of the U.S. financial system, emphasizing its institutions, markets, and financial instruments. The text discusses complex topics in a clear and concise fashion with an emphasis on "Real World" data, and people and event boxes, as well as personal finance examples to help retain topical interest. Each author brings something unique to this new edition. David Kidwell, formerly Dean of the Carlson School of Business, is a gifted storyteller with a keen insight on what it takes to reach readers. He is also currently writing a Corporate Finance text and is Chair of the Finance department at Texas A&M University. David Whidbee is an Assoc. Dean at Washington State University. He has won numerous teaching and research awards
650 0 _aFinance
_zUnited States
650 0 _aFinancial institutions
_zUnited States
650 0 _aBanks and banking
_zUnited States
650 0 _aMonetary policy
_zUnited States
700 1 _aBlackwell, David W.,
_eauthor.
700 1 _aWhidbee, David A.,
_eauthor.
700 1 _aSias, Richard W.,
_eauthor.
900 _aMEF Üniversitesi Kütüphane katalog kayıtları RDA standartlarına uygun olarak üretilmektedir / MEF University Library Catalogue Records are Produced Compatible by RDA Rules
910 _aÇağlayan
942 _2lcc
_cBKS
970 1 2 _tChapter 1: An overview of financial markets and institutions,
_p1.
970 0 1 _aChapter preview,
_p2.
970 0 1 _aLearning objectives,
_p2.
970 1 1 _tThe financial system,
_p2.
970 1 1 _tFinancial markets and direct financing,
_p5.
970 1 1 _tTypes of financial markets,
_p8.
970 1 1 _tPeople&Events: Wall Street faces global competition,
_p9.
970 1 1 _tThe money markets,
_p12.
970 1 1 _tThe capital markets,
_p13.
970 1 1 _tFinancial intermediaries and indirect financing,
_p15.
970 1 1 _tTypes of financial intermediaries,
_p21.
970 1 1 _tThe risks financial institutions manage,
_p27.
970 1 1 _tRegulatin of the financial system,
_p29.
970 0 1 _aSummary of learning objectives,
_p32.
970 0 1 _aKey terms,
_p34.
970 0 1 _aQuestions and Problems,
_p34.
970 1 2 _tChapter 2: The federal reserve and its powers,
_p35.
970 0 1 _aChapter review,
_p36.
970 0 1 _aLearning objectives,
_p36.
970 1 1 _tOrigins of the federal reserve system,
_p36.
970 1 1 _tThe current structure of the fed,
_p41.
970 1 1 _tMonetary powers of the board of governors,
_p44.
970 1 1 _tThe fed's regulatory,
_p45.
970 1 1 _tIndependence of the fed,
_p49.
970 1 1 _tThe fed's balance sheet,
_p51.
970 1 1 _tLearning by doing: Computing Bank's excess reserve position,
_p57.
970 1 1 _tThe Fed's role in check clearing,
_p57.
970 1 1 _tFederal reserve tools of monetary policy,
_p58.
970 1 1 _tPeople&Events: A contrast in style: Greenspan versus bernanke,
_p59.
970 1 1 _tLearning by doing: calculating a bank's reserve position,
_p64.
970 0 1 _aSummary of learning objectives,
_p67.
970 0 1 _aKey terms,
_p68.
970 0 1 _aQuestions and problems,
_p68.
970 1 2 _tChapter 3: The fed and interest rates,
_p70.
970 0 1 _aChapter review,
_p71.
970 0 1 _aLearning objectives,
_p71.
970 1 1 _tFederal reserve control of the money supply,
_p71.
970 1 1 _tThe Fed's influence on interest rates,
_p74.
970 1 1 _tThe treasury department and fiscal policy,
_p79.
970 1 1 _tGoals of monetary policy,
_p82.
970 1 1 _tPEOPLE & EVENTS: The Fed as lender of last resort: preventing a financial panic,
_p88.
970 1 1 _tThe Fed and the economy,
_p90.
970 1 1 _tComplications of monetary policy,
_p93.
970 1 1 _tAnatomy of a financial crisis,
_p94.
970 0 1 _aSummary of learning objectives,
_p102.
970 0 1 _aKey terms,
_p103.
970 0 1 _aQuestions and problems,
_p103.
970 1 2 _tChapter 4: The level of interest rates,
_p105.
970 0 1 _aChapter preview,
_p106.
970 0 1 _aLearning objectives,
_p106.
970 1 1 _tWhat are interest rates?,
_p106.
970 1 1 _tThe real rate of interest,
_p107.
970 1 1 _tLoanable funds theory of interest,
_p110.
970 1 1 _tPrice expectations and interest rates,
_p113.
970 1 1 _tPEOPLE&EVENTS: Irving Fisher(1867-1947): economist,
_p115.
970 1 1 _tPEOPLE & EVENTS: Can interest rates be negative?,
_p121.
970 1 1 _tForecasting interest rates,
_p121.
970 0 1 _aSummary of learning objectives,
_p123.
970 0 1 _aKey terms,
_p124.
970 0 1 _aQuestions and problems,
_p124.
970 1 2 _tChapter 5: Bond prices and interest rate risk,
_p125.
970 0 1 _aChapter preview,
_p126.
970 0 1 _aLearning objectives,
_p126.
970 1 1 _tThe time value of money,
_p126.
970 1 1 _tBond pricing,
_p128.
970 1 1 _tPEOPLE & EVENTS: Rogue trader incurs huge financial losses for French Bank,
_p130.
970 1 1 _tLearning by doing: calculating the price of a bond using a financial calculator,
_p133.
970 1 1 _tBond yields,
_p134.
970 1 1 _tLearning by doing: calculating the yield-to-maturity on a bond,
_p135.
970 1 1 _tImportant bond pricing relationships,
_p139.
970 1 1 _tInterest rate risk and duration,
_p143.
970 1 1 _tLearning by doing: calculating the duration of a bond,
_p144.
970 0 1 _aSummary of learning objectives,
_p153.
970 0 1 _aKey terms,
_p154.
970 0 1 _aQuestions and problems,
_p154.
970 1 2 _tChapter 6: The structure of interest rates,
_p156.
970 0 1 _aChapter preview,
_p157.
970 0 1 _aLearning objectives,
_p157.
970 1 1 _tThe term structure of interest rates,
_p157.
970 1 1 _tLearning by doing: using the term structure formula to calculate implied forward rates,
_p163.
970 1 1 _tDefault risk,
_p169.
970 1 1 _tPEOPLE&EVENTS: The credit-rating club,
_p174.
970 1 1 _tTax treatment,
_p175.
970 1 1 _tMarketability,
_p177.
970 1 1 _tOptions of debt securities,
_p178.
970 1 1 _tBehavior of interest rates over the business cycle 180 summary of learning objectives,
_p182.
970 0 1 _aKey terms,
_p183.
970 0 1 _aQuestions and problems,
_p184.
970 1 2 _tChapter 7: Money markets,
_p186.
970 0 1 _aChapter preview,
_p187.
970 0 1 _aLearning objectives,
_p187.
970 1 1 _tHow the money markets work,
_p187.
970 1 1 _tEconomic role of the money markets,
_p188.
970 1 1 _tFeatures of money market instruments,
_p189.
970 1 1 _tTreasury bills,
_p190.
970 1 1 _tLearning by doing: calculating the discount yield,
_p194.
970 1 1 _tLearning by doing: calculating the bond equivalent yield,
_p195.
970 1 1 _tFederal agency securities,
_p196.
970 1 1 _tFed funds,
_p199.
970 1 1 _tOther major money market instruments,
_p201.
970 1 1 _tPEOPLE&EVENTS: Lehman Brothers' "Creative" accounting: repos,
_p105, 108, 204.
970 1 1 _tMoney market participants,
_p211.
970 1 1 _tThe impact of the 2007-2009 financial crisis on the money markets,
_p214.
970 0 1 _aSummary of learning objectives,
_p219.
970 0 1 _aKey terms,
_p220.
970 0 1 _aQuestions and problems,
_p220.
970 1 2 _tChapter 8: Bond markets,
_p221.
970 0 1 _aChapter preview,
_p222.
970 0 1 _aLearning objectives,
_p222.
970 1 1 _tFunctions of the capital markets,
_p222.
970 1 1 _tU.S. government and agency securities,
_p224.
970 1 1 _tPEOPLE&EVENTS: What do negative yieldson TIPS tell us?,
_p228.
970 1 1 _tStateand local government bonds,
_p230.
970 1 1 _tCorporate bonds,
_p235.
970 1 1 _tFinancial guarantees,
_p240.
970 1 1 _tSecuritized credit instruments,
_p241.
970 1 1 _tFinancial market regulators,
_p243.
970 1 1 _tBond markets around the world are increasingly linked,
_p244.
970 1 1 _tThe impact of the 2007-2009 bond markets,
_p245.
970 0 1 _aSummary of learning objectives key terms,
_p247.
970 0 1 _aQuestions and problems,
_p247.
970 0 1 _aChapter preview,
_p250.
970 0 1 _aLearning objectives,
_p250.
970 1 1 _tThe unique nature of mortgage markets,
_p250.
970 1 1 _tTypes of mortgages,
_p251.
970 1 1 _tMortgage qualifying,
_p259.
970 1 1 _tDetermining how much home you can buy,
_p261.
970 1 1 _tMortgage-backed securities,
_p263.
970 1 1 _tMortgage prepayment risk,
_p270.
970 1 1 _tParticipants in the mortgage markets,
_p272.
970 1 1 _tPEOPLE & EVENTS: The rise and fall of Fannie and Freddie,
_p275.
970 1 1 _tRelationship between mortgage markets and the capital markets,
_p276.
970 0 1 _aSummary of learning objectives,
_p277.
970 0 1 _aKey terms,
_p278.
970 0 1 _aQuestions and problems,
_p279.
970 1 2 _tChapter 10: Equity markets,
_p280.
970 0 1 _aChapter preview,
_p281.
970 0 1 _aLearning objectives,
_p281.
970 1 2 _tWhat are equity securities?,
_p281.
970 1 2 _tEquity markets,
_p284.
970 1 2 _tEquity trading,
_p289.
970 1 2 _tGlobal stock markets,
_p292.
970 1 2 _tRegulation of equity markets,
_p295.
970 1 2 _tEquity valuation basics,
_p295.
970 1 1 _tLearning by doing: Valuing a stock,
_p298.
970 1 2 _tEquity risk 299.
970 1 2 _tStock market indexes,
_p304.
970 1 1 _tPEOPLE&EVENTS: circuit breakers, black, monday, and the flash crash,
_p306.
970 1 2 _tThe stock market as a predictor of economic activity,
_p308.
970 0 1 _aSummary of learning objectives,
_p309.
970 0 1 _aKey terms,
_p310.
970 0 1 _aQuestions and problems,
_p311.
970 1 2 _tDerivatives markets,
_p312.
970 0 1 _aChapter preview,
_p313.
970 0 1 _aLearning objectives,
_p313.
970 1 1 _tThe nature of derivative securities,
_p313.
970 1 1 _tForward markets,
_p314.
970 1 1 _tFutures markets,
_p315.
970 1 1 _tUses of the financial futures markets,
_p323.
970 0 1 _aLearning by doing: hedging risk in a stock portfolio,
_p325.
970 1 1 _tRisks in the futures markets,
_p329.
970 1 1 _tOptions markets,
_p331.
970 1 1 _tRegulations of the futures and options markets,
_p337.
970 1 1 _tSwap markets,
_p339.
970 1 1 _tPEOPLE&EVENTS: Swap market regulation,
_p342.
970 0 1 _aSummary of learning objectives,
_p343.
970 0 1 _aKey terms,
_p344.
970 0 1 _aQuestions and problems.
970 1 2 _tChapter 12: International markets,
_p345.
970 0 1 _aChapter preview,
_p346.
970 0 1 _aLearning objectives,
_p346.
970 1 1 _tDifficulties of internati trade,
_p346.
970 1 1 _tExchange rates,
_p347.
970 1 1 _tBalance of payments,
_p350.
970 1 1 _tForeign exchange markets,
_p354.
970 1 1 _tSpot and forward transactions,
_p355.
970 1 1 _tLearning by doing: using forward contracts to hedge exchange rate risks,
_p356.
970 1 1 _tPEOPLE & EVENTS: The big mac test of purchasing power parity,
_p358.
970 1 1 _tCapital flows and exchange rates,
_p359.
970 1 1 _tGovernment intervention in foreign exchange markets,
_p363.
970 1 1 _tLearning by doing: Using purchasing power parity to determine the expected exchange rate,
_p365.
970 1 1 _tFinancing international trade,
_p366.
970 1 1 _tInternational money and capital markets,
_p369.
970 1 1 _tThe globalization of financial markets,
_p373.
970 0 1 _aSummary of learning objectives,
_p375.
970 0 1 _aKey terms,
_p375.
970 0 1 _aQuestions and problems,
_p375.
970 1 2 _tChapter 13: Commercial bank operations,
_p378.
970 0 1 _aChapter preview,
_p379.
970 0 1 _aLearning objectives,
_p379.
970 1 1 _tAn overview of the banking industry,
_p379.
970 1 1 _tBalance sheet for a commercial bank,
_p383.
970 1 1 _tThe source of bank funds,
_p384.
970 1 1 _tBank uses of funds: bank investments and cash assets,
_p389.
970 1 1 _tBank uses of funds: loans and leases,
_p392.
970 1 1 _tLoan pricing,
_p395.
970 1 1 _tAnalysis of loan credit risk,
_p398.
970 1 1 _tPEOPLE&EVENTS: What's your score?,
_p399.
970 1 1 _tFee-based services,
_p400.
970 1 1 _tOff-balance-sheet banking,
_p401.
970 1 1 _tBank earnings,
_p405.
970 1 1 _tBank performance,
_p410.
970 1 1 _tBank and financial holding companies,
_p411.
970 0 1 _aSummary of learning objectives,
_p413.
970 0 1 _aKey terms,
_p414.
970 0 1 _aQuestions and problems,
_p414.
970 1 2 _tChapter 14: International banking,
_p416.
970 0 1 _aChapter preview,
_p417.
970 0 1 _aLearning objectives,
_p417.
970 1 1 _tDevelopment of international banking,
_p417.
970 1 1 _tRegulation of overseas banking activities,
_p420.
970 1 1 _tPEOPLE&EVENTS: Credit risk, subprime mortgage crisisof 2007, and challenges to the banking sector,
_p424.
970 1 1 _tDelivery of overseas banking services,
_p424.
970 1 1 _tInternational lending,
_p429.
970 1 1 _tForeign banks in the united states,
_p436.
970 1 1 _tFuture directions of international banking,
_p440.
970 0 1 _aSummary of learning objectives,
_p441.
970 0 1 _aKey Terms,
_p441.
970 0 1 _aQuestions and problems,
_p441.
970 1 2 _tRegulation of financial institutions,
_p443
970 0 1 _aChapter preview,
_p444.
970 0 1 _aLearning objectives,
_p444.
970 1 1 _tReasons for regulation,
_p444
970 1 1 _tBank failures and regulation,
_p448.
970 1 1 _tPEOPLE&EVENTS: Wa Muandthe destructive "Power of yes",
_p453.
970 1 1 _tSafety and soundness regulation: deposit insurance,
_p454.
970 1 1 _tDeposit insurance issues,
_p456.
970 1 1 _tSafety and soundness regulation: capital requirements,
_p460.
970 1 1 _tBank examinations,
_p465.
970 1 1 _tStructure and competition regulations,
_p467.
970 1 1 _tConsumer protection regulations,
_p470.
970 1 1 _tBank regulators,
_p473.
970 0 1 _aSummary of learning objectives,
_p476.
970 0 1 _aKey terms,
_p476.
970 0 1 _aQuestions and problems,
_p477.
970 1 2 _tChapter 16: Thrift institutions and finance companies,
_p478.
970 0 1 _aChapter preview,
_p479.
970 0 1 _aLearning objectives,
_p480.
970 1 1 _tHistorical development of savings institutions,
_p480.
970 1 1 _tOperations of savings institutions,
_p484.
970 1 1 _tCredit unions,
_p492.
970 1 1 _tPEOPLE&EVENTS: Demographic change brings opportunity,
_p493.
970 1 1 _tPEOPLE&EVENTS: Commercial banks versus credit unions,
_p498.
970 1 1 _tThrift institutions around the globe,
_p499.
970 1 1 _tFinance companies,
_p500.
970 0 1 _aSummary of learning objectives,
_p508.
970 0 1 _aKey terms,
_p509.
970 0 1 _aQuestions and problems,
_p509.
970 1 2 _tChapter 17: Insurance companies and pension funds,
_p510.
970 0 1 _aChapter preview,
_p511.
970 0 1 _aLearning objectives,
_p511.
970 1 1 _tInsurance,
_p511.
970 1 1 _tThe insurance industry,
_p515.
970 1 1 _tPEOPLE&EVENTS: The rise, fall, and return of American International Group (AIG),
_p518.
970 1 1 _tLife and health insurance,
_p523.
970 1 1 _tLearning by doing: Calculating policy holders' surplus,
_p529.
970 1 1 _tProperty and liability insurance,
_p529.
970 1 1 _tLearning by doing: Measuring insurance company profitability with the combined ratio,
_p532.
970 1 1 _tPensions,
_p532.
970 0 1 _aSummary of learning objectives,
_p538.
970 0 1 _aKey terms,
_p539.
970 0 1 _aQuestions and problems,
_p539.
970 1 2 _tChapter 18: Investment banking,
_p541.
970 0 1 _aChapter preview,
_p542.
970 0 1 _aLearning objectives,
_p542.
970 1 1 _tThe relationship between commercial and investment banking,
_p542.
970 1 1 _tPEOPLE&EVENTS: where, oh, where have all the investment banks gone?,
_p548.
970 1 1 _tPrimary services of an investment bank,
_p549.
970 1 1 _tPrivate equity,
_p559.
970 1 1 _tLearning by doing: evaluating a venture capital investment,
_p562.
970 0 1 _aSummary of learning objectives,
_p565.
970 0 1 _aKey terms,
_p565.
970 0 1 _aQuestions and problems,
_p566.
970 1 2 _tChapter 19: Investment companies,
_p567.
970 0 1 _aChapter preview,
_p568.
970 0 1 _aLearning objectives,
_p568.
970 1 1 _tInvestment companies,
_p568.
970 1 1 _tOpen-end mutual funds,
_p569.
970 1 1 _tLearning by doing: calculating net asset value,
_p570.
970 1 1 _tClosed-end mutual funds,
_p581.
970 1 1 _tExchange-traded funds,
_p584.
970 1 1 _tHedge funds,
_p587.
970 1 1 _tPEOPLE&EVENTS: Hedge funds and the Dodd-Frank Wall Street reform and consumer protection act,
_p588.
970 1 1 _tReal estate investment trusts,
_p591.
970 0 1 _aSummary of learning objectives,
_p595.
970 0 1 _aKey terms,
_p595.
970 0 1 _aQuestions and problems,
_p595.
970 1 2 _tChapter 20: Risk management in financial institutions,
_p597
970 0 1 _aChapter preview,
_p598.
970 0 1 _aLearning objectives,
_p598.
970 1 1 _tThe dilemma: profitability versus safety,
_p598.
970 1 1 _tLiquidity management,
_p600.
970 1 1 _tPEOPLE&EVENTS: Operational risk,
_p604.
970 1 1 _aManaging credit risk,
_p604.
970 1 1 _tPEOPLE&EVENTS: Counterparty controversy: AI GandIts Risky risk management,
_p608.
970 1 1 _tMeasuring and assessing interest rate risk,
_p609.
970 1 1 _tHedging interest rate risk,
_p617.
970 1 1 _tLearning by doing: measuring interest rate risk,
_p623.
970 0 1 _aSummary of learning objectives,
_p626.
970 0 1 _aKey Terms,
_p626.
970 0 1 _aQuestions and Problems,
_p627.
999 _c848
_d848
003 KOHA