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Capital Markets

Institutions, Instruments, and Risk Management

Frank J. Fabozzi

$300

Hardback

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English
MIT Press
23 October 2015
Series: Capital Markets
The substantially revised fifth edition of a textbook covering the wide range of instruments available in financial markets, with a new emphasis on risk management.

The substantially revised fifth edition of a textbook covering the wide range of instruments available in financial markets, with a new emphasis on risk management.

Over the last fifty years, an extensive array of instruments for financing, investing, and controlling risk has become available in financial markets, with demand for these innovations driven by the needs of investors and borrowers. The recent financial crisis offered painful lessons on the consequences of ignoring the risks associated with new financial products and strategies. This substantially revised fifth edition of a widely used text covers financial product innovation with a new emphasis on risk management and regulatory reform. Chapters from the previous edition have been updated, and new chapters cover material that reflects recent developments in financial markets.

The book begins with an introduction to financial markets, offering a new chapter that provides an overview of risk-including the key elements of financial risk management and the identification and quantification of risk. The book then covers market participants, including a new chapter on collective investment products managed by asset management firms; the basics of cash and derivatives markets, with new coverage of financial derivatives and securitization; theories of risk and return, with a new chapter on return distributions and risk measures; the structure of interest rates and the pricing of debt obligations; equity markets; debt markets, including chapters on money market instruments, municipal securities, and credit sensitive securitized products; and advanced coverage of derivative markets. Each chapter ends with a review of key points and questions based on the material covered.
By:  
Imprint:   MIT Press
Country of Publication:   United States
Edition:   Fifth Edition
Dimensions:   Height: 229mm,  Width: 203mm,  Spine: 38mm
Weight:   1.905kg
ISBN:   9780262029483
ISBN 10:   0262029480
Series:   Capital Markets
Pages:   1088
Publication Date:  
Recommended Age:   From 18 years
Audience:   College/higher education ,  Primary
Format:   Hardback
Publisher's Status:   Active

Frank J. Fabozzi is Professor of Finance at EDHEC Business School, France. He has held positions at Princeton University, Yale School of Management, and MIT Sloan School of Management. He is the author of Capital Markets (fifth edition, MIT Press), Entrepreneurial Finance and Accounting for High-Tech Companies (MIT Press), and other books.

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