Capital Markets Institutions & Instruments

For courses in Capital or Financial Markets or Institutions, Investment Banking and Derivatives Markets.This text offers the most comprehensive capital market coverage available. It covers the instruments, the players, and the principles of valuation with an excellent blend of theory and practice.In-depth coverage of the various sectors of the financial markets. - Provides students with a solid foundation of information. Discussion of the latest instruments. - Enables students to recognize the contribution made by a new financial instrument. Blending of theory and practice. - Provides students with balanced presentation. End-of-chapter questions using material from practitioner publications. - Allows students to review and reinforce material using real-world resources. A practitioner orientation is presented. The wide range of instruments available in today's financial markets is described as well as a discussion of the continual demand for new instruments. Coverage of the derivative markets as an integral part of capital markets. Extensive coverage of mortgage markets and the securitization of assets. Key role of foreign investors in the US markets is discussed. This text can be used for Investment Management coursesBecause the needs of institutional investors dictate the needs for financial instruments. "The text serves as a comprehensive guide to all the different instruments available on the market, and the coverage is in-depth... Specifically, it is the only text I have considered which covers the mortgage market and the various related instruments in such detail. It is also the only text to devote an entire chapter to Munis... The quantitative analysis in the text is commendable. It is in sufficient detail and developed in a step by step fashion which the students would like." - Rita Biswas, University at Albany - SUNY"Capital Markets...is the best text in its field for upper-level undergraduate and entry-level MBA courses. Compared to [other texts in this market] this text is much more advanced and thorough, providing students an in-depth understanding of all financial markets, instruments and participants... The writing style is outstanding. The authors have masterfully crafted each chapter finding balance between laconic and loquaciousness... Most, if not all, of the financial markets and institutions texts fail to include investment banks as relevant market participants. Not only does Capital Markets include this key market "player," but provides the best overview of the scope and nature of this financial entity." - Charles B. ("Chip") Ruscher, The University of Arizona"...this textbook is comprehensive in coverage and very well written. It treats an extensive number of topics in a clear and concise manner." - Jacobus T. Severiens, John Carroll University