Foundations of Global Financial Markets and Institutions (The MIT Press)

The revised and updated edition of a textbook for graduate students in finance offers expanded coverage of global financial institutions, comparing U.S. and non-U.S. systems. The book covers financial markets, market participants, risks, asset pricing, interest rate structures, primary and secondary markets, government debt markets, corporate funding markets, residential and commercial real estate markets, collective investment vehicles, and financial derivatives. It also introduces new chapters on collective investment vehicles and credit risk transfer vehicles. Each chapter begins with learning objectives and ends with bullet point takeaways and questions.