Includes index.

Contents: Overview of the financial environment -- Role of financial markets and institutions -- Determination of interest rates -- Structure of interest rates -- The Fed and monetary policy -- Functions of the fed -- Monetary theory and policy -- Debt security markets -- Money markets -- Bond markets -- Bond valuation and risk -- Mortgage markets -- Equity markets -- Stock markets -- Stock valuation and risk -- Derivative security markets -- Financial futures markets -- Options markets -- Interest rate derivative markets -- Foreign exchange derivative markets -- Commercial banking -- Commercial bank operations -- Bank regulation -- Bank management -- Bank performance -- International banking -- Nonbank operations -- Thrift operations -- Consumer finance operations -- Mutual fund operations -- Securities operations -- Insurance operations -- Pension fund operations -- Credit union -- Appendix A: Comprehensive project -- Appendix B: Using LOTUS and EXCEL for statistical analysis.