Capital Markets, Fifth Edition
Institutions, Instruments, and Risk Management
Frank J. Fabozzi
- 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.
