Includes index.

Contents: The Global financial system in perspective -- The Many roles of the financial system in the global economy -- Financial assets, money, financial transactions in the global financial system -- Sources of information for financial decision making in the money and capital markets -- The Management and regulation of financial instituitions -- The Commercial banking industry -- Nonbank thrift institutions: savings and loan associations, savings banks credit unions and money market funds -- Mutual funds, pensions funds, insurance, companies finance companies and other financial instituitions -- Interest rates and security prices -- Interest and security prices -- Interest rates in the financial system -- Relationships between interest rates and security prices -- Inflation , yield curves and duration -- Marketability, default risk, call privileges, prepayment risk, taxes and other factors affecting interest rates -- Interest rate forecasting and hedging against interest rate risk -- Financial futures and options contracts -- The Money market -- Characteristics of the money market -- Treasury bills, dealer loans, and repurchase agreements -- Banks in the money market : federal funds, negotiable CDs, and loans form the discount window -- Corporations in the money market: commercial paper and federal agency securities -- International money market instrument: bankers acceptances and eurocurrency deposits -- Central banking and monetary policy central banks around the world and role of the federal reserve system.