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Financial Institutions and Markets : 6th Edition - Ben Hunt

Financial Institutions and Markets

6th Edition

Paperback

Published: 5th May 2011
Ships: 5 to 9 business days
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This edition focuses on Australia's financial system. It examines the financial system's three main functions - settlement, flow-of-funds and risk transfer - and provides a clear and comprehensive integrated account of the activities of Australia's financial institutions and markets, including the risks they face and the instruments they use. The major capital and foreign exchange markets and the markets for derivatives (and their use as hedging instruments) are also discussed. It covers recent financial innovations, such as high-frequency trading in the share market and APRA's adoption of Basel II (and Basel III) - an explanation of how the RBA assesses the financial system's stability. It also includes new 'Industry Insights' and 'Practical Applications' that illustrate specific topics, such as the role of margin loans and short selling in the demise of ABC Learning. The main update for this new edition has been the development of 'Lessons from the GFC' that are designed to complement the book's explanations of a range of topics, such as the use of leverage, lending for housing, securitisation, the role of the inter-bank market, the pricing of risk in bond markets and the role of speculation in the market for Australian dollar.

1 Overview of the financial system 2 The payments system 3 Authorised deposit taking institutions 4 The stability of deposit taking institutions 5 Introduction to markets 6 Funds management 7 The money market 8 The bond market 9 Shares 10 The share market 11 Foreign exchange and global capital markets 12 Introduction to interest rate risk management 13 Financial futures 14 Swaps 15 Exchange-traded options

ISBN: 9780170188449
ISBN-10: 0170188442
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 540
Published: 5th May 2011
Publisher: Cengage Learning Australia