The comprehensively updated sixth edition of a leading textbook that examines the wide range of instruments available in financial markets, with new material on central banks, capital market technology, and financing markets for small businesses.
The comprehensively updated sixth edition of a leading textbook that examines the wide range of instruments available in financial markets, with new material on central banks, capital market technology, and financing markets for small businesses.
Capital markets are an integral part of the financial system, and their evolution reflects a larger story of global financial change characterized by shifts in regulations, investor behavior, and technological advancements. Now in a comprehensively updated new edition, this widely used textbook examines the wide range of instruments for financing, investing, and controlling risk in today's financial markets. The book begins with an introduction to financial markets, followed by a detailed examination of risk, including financial risk identification, quantification, and management. It then covers market participants, including a new chapter on central banks; fundraising markets, with a new chapter on financing markets for small businesses; risk and return theories; equity, debt, and derivatives markets; and capital market technologies, in a dedicated new section.
Sixth edition highlights-
.
Includes new chapters on central banks, capital market technologies, and financing markets for small businesses .
Incorporates analysis of the role of technological innovation throughout .
Offers broad coverage of all types of financial instruments, including cash and derivative instruments, as well as the risk management dilemmas confronted by major institutional investors
.
Features rich pedagogy and resources, including end-of-chapter discussion questions and integrated online appendices
By:
Frank J. Fabozzi
Imprint: MIT Press
Country of Publication: United States
Dimensions:
Height: 229mm,
Width: 203mm,
Weight: 567g
ISBN: 9780262049672
ISBN 10: 0262049678
Pages: 984
Publication Date: 06 May 2025
Audience:
General/trade
,
ELT Advanced
Format: Hardback
Publisher's Status: Active
PART I: INTRODUCTION 1: Financial Assets and Financial Markets 2: Overview of Risks and Risk Management PART II: THE PLAYERS 3: Overview of Market Participants 4: Depository Institutions 5: Central Banks 6: Insurance Companies and Defined Benefit Pension Plans 7: Managers of Collective Investment Vehicles 8: Investment Banking Firms PART III: FUND RAISING MARKETS 9: Primary and Secondary Markets 10: Securitization and Its Role in Primary Markets 11: Financing Markets for Small Businesses PART IV: BASICS OF DERIVATIVES MARKETS 12: Introduction to Risk-Sharing Derivatives: Futures, Forwards, and Swaps 13: Introduction to Insurance-Type Derivatives: Options, Credit Default Swaps, Caps, and Floors PART V: Risk And Return Theories 14: Return Distributions and Risk Measures 15: Portfolio Selection Theory 16: Asset Pricing Theories PART VI: INTEREST RATE DETERMINATION AND DEBT PRICING 17: The Theory and Structure of Interest Rates 18: Valuation of Debt Contracts and Their Price Volatility Characteristics 19: The Term Structure of Interest Rates PART VII: EQUITY MARKETS 20: The Structure of the Common Stock Market 21: Common Stock Strategies and Trading Arrangements PART VIII: DEBT MARKETS 22: The Money Market for Private Debt Instruments 23: Treasury and Agency Securities Markets 24: Municipal Securities Markets 25: Corporate Senior Instruments Markets 26: International Bond Markets 27: The Residential Mortgage Market 28: The Market for U.S. Agency Residential Mortgage-Backed Securities 29: The Market for Credit-Sensitive Securitized Products PART IX: DERIVATIVES MARKETS 30: The Market for Equity Derivatives 31: The Market for Interest Rate Risk Transfer Vehicles: Exchange-Traded Products 32: The Market for Interest Rate Risk Transfer Vehicles: OTC Instruments 33: The Market for Credit Risk Transfer Vehicles 34: The Market for Foreign Exchange and Risk Control Instruments PART X: TECHNOLOGY AND CAPITAL MARKETS 35: Capital Market Technologies
Frank J. Fabozzi is Professor of Practice at Johns Hopkins Carey Business School. He has held positions at EDHEC Business School, Princeton, MIT, NYU, and Carnegie Mellon. He is the author of Capital Markets (fifth edition) and Entrepreneurial Finance and Accounting for High-Tech Companies and coauthor of Foundations of Global Financial Markets and Institutions, all published by the MIT Press.
