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目次

I. INTRODUCTION. Why Study Financial Markets and Institutions? AnOverview of the Financial System. II. PRINCIPLES OF FINANCIAL MARKETS.Understanding Interest Rates. The Behavior of Interest Rates. The Riskand Term Structure of Interest Rates. The Theory of Efficient CapitalMarkets. III. CENTRAL BANKING AND THE CONDUCT OF MONETARY POLICY. TheStructure of Central Banks and the Federal Reserve System. The Conductof Monetary Policy: Tools, Goals, and Targets. IV. FINANCIAL MARKETS.The Money Markets. The Capital Markets. The Mortgage Markets. TheForeign Exchange Market. The International Financial System. V. THEFINANCIAL INSTITUTIONS INDUSTRY. The Theory of Financial Structure. TheBanking Firm and Bank Management. The Commercial Banking Industry:Structure and Competition. Thrifts: Savings and Loans and CreditUnions. Banking Regulation. Pension and Insurance Companies. FinanceCompanies and Financial Conglomerates. Securities Markets and Firms.VI. THE MANAGEMENT OF FINANCIAL INSTITUTIONS. Risk Management inFinancial Institutions. Hedging with Financial Derivatives I: Forwardsand Futures. Hedging with Financial Derivatives II: Options and Swaps.