Contemporary finance : money, risk, and public policy / Allan M. Malz.

Format:

Book

Author/Creator:

Malz, Allan M., author.

Series:

Wiley Finance Series

Language:

English

Subjects (All):

Finance.

Physical Description:

1 online resource (435 pages)

Edition:

1st ed.

Place of Publication:

Hoboken, New Jersey : John Wiley & Sons, Incorporated, 2024.

Summary:

"Contemporary Finance: Money, Risk, and Public Policy is a textbook on finance for finance professionals, undergraduates and graduate students. It covers the basic finance theory required to understand the contemporary financial world and builds on that theory to present finance in a detailed yet comprehensible way. Contemporary Finance introduces readers to markets and institutions as well as to the government policy framework within which these markets operate. Contemporary Finance is designed to be used as a sole or supplementary textbook for introductory and specialized finance courses, as well as for practitioners in several fields in or related to finance. The financial world has been changing rapidly for over half a century, and even faster amid the crises of recent decades. Those changes have put risk and uncertainty in the center of our understanding of finance, and have given regulatory and central bank policies a more central role in shaping the financial system. Contemporary Finance emphasizes risk and uncertainty in its presentation of financial theory and practice. The book begins with an overview of the markets, institutions and actors in the financial system, and of the questions the study of finance tries to answer. It then covers basic finance theory in a highly applied way, presenting concrete examples and case studies for each concept. The theory covered includes investor behavior, the role of uncertainty, how prices are set in financial markets, and risk models and measurement. Contemporary Finance discusses credit and liquidity risk comprehensively, including discussion of legal aspects, firm capital structure, and leverage"-- Provided by publisher.

Contents:

Finance in the economic system. Functions and structure of the financial system ; Asset returns and risk ; Information, preferences and asset prices

Markets, uncertainty, and risk. The behavior of the asset returns over time ; Capital markets: how asset prices are determined ; Derivatives values and risk ; Capital market efficiency ; Market risk ; Credit and counterparty risk

Market institutions and risk assessment. Interest rate risk ; Leverage ; Liquidity ; Portfolio credit risk ; Securitization and structured product risk ; Financial instability and financial crises

Monetary and regulatory policy. Overview of financial regulation ; Monetary policy ; Regulation for financial stability ; Regulation of capital funding, liquidity, and large banks ; Monetary policies since the global financial crisis

Appendix. As much of the probability and statistics as you need ; Notation ; Abbreviations.

Notes:

Includes bibliographical references and index.

Description based on publisher supplied metadata and other sources.

ISBN:

9781394179640

1394179642

9781394179633

1394179634

OCLC:

1434114333