Modern financial systems: theory and applications
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Hoboken, NJ
John Wiley & Sons
2010
|
| Schriftenreihe: | The Frank J. Fabozzi series
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | Includes index. |
| Beschreibung: | XVII, 558 S. |
| ISBN: | 9780470419731 |
Internformat
MARC
| LEADER | 00000nam a2200000zc 4500 | ||
|---|---|---|---|
| 001 | BV035831468 | ||
| 003 | DE-604 | ||
| 005 | 20100407 | ||
| 007 | t | ||
| 008 | 091117s2010 xxu |||| 00||| eng d | ||
| 010 | |a 2009014325 | ||
| 020 | |a 9780470419731 |c cloth |9 978-0-470-41973-1 | ||
| 035 | |a (OCoLC)488703367 | ||
| 035 | |a (DE-599)BVBBV035831468 | ||
| 040 | |a DE-604 |b ger |e aacr | ||
| 041 | 0 | |a eng | |
| 044 | |a xxu |c US | ||
| 049 | |a DE-521 |a DE-703 |a DE-19 | ||
| 050 | 0 | |a HG173 | |
| 082 | 0 | |a 332 |2 22 | |
| 082 | 0 | |a 332 | |
| 084 | |a QK 000 |0 (DE-625)141630: |2 rvk | ||
| 100 | 1 | |a Neave, Edwin H. |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Modern financial systems |b theory and applications |c Edwin H. Neave |
| 264 | 1 | |a Hoboken, NJ |b John Wiley & Sons |c 2010 | |
| 300 | |a XVII, 558 S. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 0 | |a The Frank J. Fabozzi series | |
| 500 | |a Includes index. | ||
| 650 | 4 | |a Finance | |
| 650 | 4 | |a Financial institutions | |
| 650 | 4 | |a Finance | |
| 650 | 4 | |a Financial institutions | |
| 650 | 0 | 7 | |a Kreditmarkt |0 (DE-588)4073788-3 |2 gnd |9 rswk-swf |
| 689 | 0 | 0 | |a Kreditmarkt |0 (DE-588)4073788-3 |D s |
| 689 | 0 | |5 DE-604 | |
| 856 | 4 | 2 | |m Digitalisierung UB Bayreuth |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=018689989&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-018689989 | ||
Datensatz im Suchindex
| _version_ | 1804140794119979008 |
|---|---|
| adam_text | Contents
Preface
xv
Theoretical Overview
1
aurai
Introduction
8
Aims and Approach
4
Importance of Financial System Analysis
5
Differences among Financial Systems: Overview
Functions and Governance
9
Financial System Organization
10
Financial System Change
11
References
12
Terms
12
Financial System Functions
15
Introduction
16
Clearing and Settling Payments
16
Pooling Resources
18
Transferring Resources
20
Managing Risks
21
Information Production
24
Managing Incentives
25
Functional-Structural Approach
25
References
26
Terms
27
mm
ι
Financial System Governance
29
Introduction
30
Governance Mechanisms
33
Vji
______________________________________________________________
CONTENTS
Types of Deals
37
Alignment
42
Financial System Organization
49
References
53
Terms
54
CHAPTBU
Financial System Organbaflon and
Скапає
57
Trends in Providing Financial Services
58
Profit Opportunities and Change
62
References
67
PIBTTTWn
CHAPTffiS
Market Governance
71
Functions of Markets
72
Descriptive and Economic Characteristics
74
Market Efficiency
77
Information Production
79
Liquidity
80
Securitization of Illiquid Asset Portfolios
80
References
84
Terms
84
СИАРІШ8
МнтШШШтЕтайтшпшп
87
Intermediaries and Value Creation
88
Intermediaries and Liquidity
92
Information Sharing
99
Delegated Monitoring
104
Intermediary Information Processing
105
Internal Governance
110
References
115
Appendix 6A: Intermediary Information Processing:
Result Derivations
115
Appendix 6B: Formal Statement of Problem
122
Contents________________________________________________________________jX
CHAPTERľ
Teems ol Deals
125
Costs of Deals
126
Informational Conditions
128
Moral Hazard
135
Complete Contracts
140
Incomplete Contracts: Introduction
142
Incomplete Contracts: Further Comments
148
References
151
Asset Prices and Market Relations
158
chapters
Pricing Stocks and Bonds
155
Profit-Seeking Eliminates Arbitrage
Opportunities
156
Pricing Securities Relative to Each Other
158
Calculating Risk-Neutral Probability Measures
159
Using Risk-Neutral Probabilities for Securities
Valuation
162
Debt versus Equity
164
Application: Bond Valuation and Market Risk
168
References
177
Terms
177
CHAPTERS
Pricing
Derivatives
by Arbitrage
178
Introduction
180
Forwards
180
Options
186
Debt, Equity, and Options
196
Futures
197
Valuing a Credit Default Swap
204
References
205
CHAPTER
18
Markets wTOilmpedfcnentstoArtttraoe
207
Securities Markets and Liquidity
208
Market Segmentation
219
_______________________________________________________________CONTENTS
Consequences of Segmentation
221
Informational Asymmetries and Credit
Market Equilibriums
222
Market Failure
230
Financial System Externalities
230
References
232
РМТНМИ
........................................
„—.„.ι—..
Appfcations: Market Activity
288
CHAPTERII
285
Economic Differences among Markets
235
Money Market
237
Equity Markets
241
Bond Markets
250
Residential Mortgage Markets
258
References
264
Terms
265
CHAPTER
12
Mtftets for Trad* Ksfcs
287
Introduction
267
Options Markets
271
Futures Markets
275
Market Evolution
279
References
285
Terms
286
CHAPTER
13
ExctammtMatf
Maints
287
Introduction
287
Exchange Rate Relations
288
Foreign Exchange Markets
294
Exchange Risk Management
298
Exchange Rate Management
300
References
305
Terms
306
Contents___________________________________________________________________Xl
РШІМІ
......
Ui
.....■.....
U
.......
1....ill.ll.ll..llllil.l).l..l..)l
.......
I....LLI..U
...............
LILIM,
.....
„...I,
Ι,,.,ΙΜ,,Ι.Π,,.
.......................................................................................................
AppHcattons: Pooted Investments
807
CHAPTERS
Marketable Securities
Portfotos
808
Introduction
309
Managing Portfolio Return
321
Mutual Funds
329
Hedge Funds
334
Value at Risk
336
References
337
Terms
338
CHAPTER
15
Nonmarketable Securities
Portólos
Characteristics of Illiquid Portfolios
339
Managing Earnings Risk
343
Managing Closely Held Investments
348
Securitization and Governance
350
Mortgage Pools
351
Default Insurance
355
References
356
Terms
356
PIRTMlf
CHAPTER
18
Introduction
361
A Strategic Management Model
361
Economics of Intermediation
369
Operating Issues
374
References
380
Terms
380
Appendix: Traditional Model of Liquidity Management
381
CHAPTERS
Міщишини
Γι
m
Ihn
ШиіиііШ
HililiitHiii 883
Banks
383
Xl____________________________________________________________________CONTENTS
Investment Banks 387
Near-Banks
390
Insurance
Companies
393
Pension Funds 398
Lending Intermediaries
400
Venture
Capital
Companies
402
Evolution 404
References
404
Terms
405
auna
18
biteniattoid
Baaktoe
and
Ваяккід
Markets
4117
International Banking
407
Investment Banking
410
Financial Conglomerates
412
Euromarket Activity
413
References
420
Terms
420
«1
CHJtPIBMS
428
Banking under Perfect Competition
424
Banking under Oligopoly
426
Monopolistic Competition and the Number of Banks
428
Empirical Aspects of Banking Competition
431
Market Structure and Competition
431
References
433
Liquidity Provision and System Stability
437
Deposit Insurance
445
Information Production
450
System Risks and Current Policy Issues
452
References
455
Appendix 20A: Solvency Regulations
456
Appendix 20B: Closure Decisions
458
Contents
CHAPTER
21
НмпсШ
Activity
вші
Capital
Forauttan
461
Adverse Selection and Credit Conditions
461
Moral Hazard
464
Financial Cycles
470
Banks, Markets, and Economic Activity
473
Equilibrium, Financial Structure, and Economic Activity
477
Financial Structure and Economic Activity
484
References
488
CHAPTER
22
Ftasncial Regutatton
481
Aims and Approaches
491
Industries
495
Regulating International Activity
500
Toward the Future
504
Dealing with the Global Credit and Liquidity Crises
510
References
516
Terms
516
Appendix: The Market Turmoil of
2007-2008
517
Index
637
|
| any_adam_object | 1 |
| author | Neave, Edwin H. |
| author_facet | Neave, Edwin H. |
| author_role | aut |
| author_sort | Neave, Edwin H. |
| author_variant | e h n eh ehn |
| building | Verbundindex |
| bvnumber | BV035831468 |
| callnumber-first | H - Social Science |
| callnumber-label | HG173 |
| callnumber-raw | HG173 |
| callnumber-search | HG173 |
| callnumber-sort | HG 3173 |
| callnumber-subject | HG - Finance |
| classification_rvk | QK 000 |
| ctrlnum | (OCoLC)488703367 (DE-599)BVBBV035831468 |
| dewey-full | 332 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332 |
| dewey-search | 332 |
| dewey-sort | 3332 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>01498nam a2200445zc 4500</leader><controlfield tag="001">BV035831468</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20100407 </controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">091117s2010 xxu |||| 00||| eng d</controlfield><datafield tag="010" ind1=" " ind2=" "><subfield code="a">2009014325</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9780470419731</subfield><subfield code="c">cloth</subfield><subfield code="9">978-0-470-41973-1</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)488703367</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV035831468</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">aacr</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="044" ind1=" " ind2=" "><subfield code="a">xxu</subfield><subfield code="c">US</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-521</subfield><subfield code="a">DE-703</subfield><subfield code="a">DE-19</subfield></datafield><datafield tag="050" ind1=" " ind2="0"><subfield code="a">HG173</subfield></datafield><datafield tag="082" ind1="0" ind2=" "><subfield code="a">332</subfield><subfield code="2">22</subfield></datafield><datafield tag="082" ind1="0" ind2=" "><subfield code="a">332</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QK 000</subfield><subfield code="0">(DE-625)141630:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Neave, Edwin H.</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Modern financial systems</subfield><subfield code="b">theory and applications</subfield><subfield code="c">Edwin H. Neave</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Hoboken, NJ</subfield><subfield code="b">John Wiley & Sons</subfield><subfield code="c">2010</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">XVII, 558 S.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">The Frank J. Fabozzi series</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">Includes index.</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Finance</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Financial institutions</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Finance</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Financial institutions</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Kreditmarkt</subfield><subfield code="0">(DE-588)4073788-3</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="689" ind1="0" ind2="0"><subfield code="a">Kreditmarkt</subfield><subfield code="0">(DE-588)4073788-3</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2=" "><subfield code="5">DE-604</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">Digitalisierung UB Bayreuth</subfield><subfield code="q">application/pdf</subfield><subfield code="u">http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=018689989&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA</subfield><subfield code="3">Inhaltsverzeichnis</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-018689989</subfield></datafield></record></collection> |
| id | DE-604.BV035831468 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-09T22:05:38Z |
| institution | BVB |
| isbn | 9780470419731 |
| language | English |
| lccn | 2009014325 |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-018689989 |
| oclc_num | 488703367 |
| open_access_boolean | |
| owner | DE-521 DE-703 DE-19 DE-BY-UBM |
| owner_facet | DE-521 DE-703 DE-19 DE-BY-UBM |
| physical | XVII, 558 S. |
| publishDate | 2010 |
| publishDateSearch | 2010 |
| publishDateSort | 2010 |
| publisher | John Wiley & Sons |
| record_format | marc |
| series2 | The Frank J. Fabozzi series |
| spelling | Neave, Edwin H. Verfasser aut Modern financial systems theory and applications Edwin H. Neave Hoboken, NJ John Wiley & Sons 2010 XVII, 558 S. txt rdacontent n rdamedia nc rdacarrier The Frank J. Fabozzi series Includes index. Finance Financial institutions Kreditmarkt (DE-588)4073788-3 gnd rswk-swf Kreditmarkt (DE-588)4073788-3 s DE-604 Digitalisierung UB Bayreuth application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=018689989&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Neave, Edwin H. Modern financial systems theory and applications Finance Financial institutions Kreditmarkt (DE-588)4073788-3 gnd |
| subject_GND | (DE-588)4073788-3 |
| title | Modern financial systems theory and applications |
| title_auth | Modern financial systems theory and applications |
| title_exact_search | Modern financial systems theory and applications |
| title_full | Modern financial systems theory and applications Edwin H. Neave |
| title_fullStr | Modern financial systems theory and applications Edwin H. Neave |
| title_full_unstemmed | Modern financial systems theory and applications Edwin H. Neave |
| title_short | Modern financial systems |
| title_sort | modern financial systems theory and applications |
| title_sub | theory and applications |
| topic | Finance Financial institutions Kreditmarkt (DE-588)4073788-3 gnd |
| topic_facet | Finance Financial institutions Kreditmarkt |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=018689989&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT neaveedwinh modernfinancialsystemstheoryandapplications |