Capital markets : institutions and instruments

Appropriate for courses in Capital or Financial Markets or Institutions, Investment Banking and Derivatives Markets. Fabozzi and Modigliani describe all phases of the capital market, including the instruments, institutions and valuation of instruments. The text offers the most comprehensive capital market coverage available. It covers the instruments, the players, and the principles of valuation with an excellent blend of theory and practice. The Second Edition expands upon the topics covered in the first and updates all material to reflect the latest financial trends and developments.

1. Introduction. I. THE PLAYERS. 2. Overview of Market Participants and Financial Innovation. 3. Depository Institutions. 4. Nondepository Institutions. 5. Investment Banking Firms. II. ORGANIZATION AND STRUCTURE OF MARKETS. 6. The Primary Markets. 7. Secondary Markets. III. RISK AND RETURN THEORIES. 8. Risk and Return Theories: I. 9. Risk and Return Theories: II. IV. DERIVATIVES MARKETS. 10. Introduction to Financial Futures Markets. 11. Introduction to Options Markets. 12. Introduction to Swaps, Caps and Floors Markets. V. THE EQUITY MARKET. 13. Common Stock Market. 14. Stock Options Markets. 15. Stock Index Derivative Markets. VI. INTEREST RATE DETERMINATION AND BOND VALUATION. 16. The Theory and Structure of Interest Rates. 17. Valuation of Debt Contracts and Their Price Volatility Characteristics. 18. The Term Structure of Interest Rates. VII. DEBT MARKETS. 19. Money Markets. 20. Treasury and Agency Securities Markets. 21. Corporate Bond Market. 22. Medium-Term Note, Bank Loan, and Preferred Stock Markets. 23. Municipal Securities Markets. 24. The Mortgage Market. 25. Market for Mortgage Pass-Through Securities. 26. The Market for Collateralized Mortgage Obligations. 27. The Market Asset-Backed Securities. 28. Exchange-Traded Interest Rate Futures and Options. 29. Over-the-Counter Interest Rate Derivative Markets. VIII. FOREIGN EXCHANGE MARKETS. 30. Foreign Exchange Market. 31. Instruments for Controlling Foreign-Exchange Risk.