Capital Markets: Institutions and Instruments, 4/e 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.
Topics include Overview of Market Participants and Financial Innovation, Depository Institutions, Investment Banking Firms, Stock Options Market, The Theory and Structure of Interest Rates, and The Market for Foreign Exchange and Risk Control Instruments.
Appropriate for corporate treasurers.
In this college textbook Fabozzi (School of Management, Yale U.) and Modigliani (Sloan School of Management, Massachusetts Institute of Technology) describe the wide range of instruments for financing, investing, and controlling risk available in today's financial markets. In addition, the text provides an overview of the asset/liability management issues faced by major institutional investors and the strategies they employ. The third edition contains the most current coverage; specific updates since publication of the second edition in 1996 are not defined. Annotation c. Book News, Inc., Portland, OR (booknews.com)