Financial Markets and Institutions /

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Part 1 Overview of the financial environment: role of financial markets and institutions; determination of interest rates; structure of interest rates. Part 2 The Fed and monetary policy: functions of the Fed; monetary theory and policy. Part 3 Securities markets: money markets; bond markets; bond valuation; mortgage markets; stock markets; stock valuation. Part 4 Derivative securities markets: financial-futures markets; options markets; interest rate swap markets; foreign exchange derivative markets. Part 5 Commercial banking: commercial bank sources and uses of funds; bank regulation; bank management; bank performance; international banking. Part 6 Non bank financial institutions: savings institutions; credit unions; finance companies; mutual funds; securities firms; pension funds; insurance companies.