The Capital Markets: Evolution of the Financial Ecosystem

The Capital Markets: evolution of the financial ecosystem is the new standard providing practical text book style coverage of this dynamic market and its products. Written by the former President of BNY Mellon Capital Markets, LLC for both financial professionals and novices, The Capital Markets provides a comprehensive macro view of the marketplace and how its products operate.  This book is the definitive resource and the companion text to The Capital Markets website. The subject matter offers an authoritative discussion of the fundamentals of both, the fixed income and equity markets, underwriting, securitizations, derivatives, currency among other products through the lens of leading industry practitioners.   Key Learning Concepts Understand the impact of both global and domestic regulatory changes Learn about the products that holistically make up the capital markets Explore the components of the infrastructure that underpins these markets Examine the tools used for trading and managing risk Review new product innovations INDICE: Preface xi .Acknowledgments xiii .About the Author & Executive Editor xv .About the Contributors xvii .PART ONE Introduction and Tools .CHAPTER 1 The Early 21st–Century Evolution of Global Capital Markets 3Jack Malvey .CHAPTER 2 The Role of Global Capital Markets 20Christian A. Edelmann and Shasheen Jayaweera .CHAPTER 3 How the Global Financial Crisis Transformed the Industry 52Christian A. Edelmann and Pete Clarke .CHAPTER 4 Cash Bonds and Futures 64Amir Sadr .CHAPTER 5 Risk in Capital Markets 89Peter Reynolds and Mike Hepinstall .CHAPTER 6 Enablers for Robust Risk Management in Capital Markets 110Swati Sawjiany .CHAPTER 7 Making Markets Work 120Eric Czervionke .PART TWO Capital Markets Products .CHAPTER 8 Money Markets 157Randy Harrison and Paul Mandel .CHAPTER 9 Repurchase Agreements 184Karl Schultz and Jeffrey Bockian .CHAPTER 10 U.S. Treasury and Government Agency Securities 205Lee Griffin and David Isaac .CHAPTER 11 Government–Sponsored Enterprises and Federal Agencies 210David Isaac and Francis C. Reed, Jr. .CHAPTER 12 Inflation–Linked Bonds 232Henry Willmore .CHAPTER 13 Mortgage–Backed Securities 239Patrick Byrne .CHAPTER 14 Corporate Bonds 254Marvin Loh .CHAPTER 15 Preferred Stock 286Sarah Swammy .CHAPTER 16 Distressed Debt Securities 296Michael McMaster .CHAPTER 17 Securitization 304Daniel I. Castro, Jr. .CHAPTER 18 Asset–Backed Securities 312Daniel I. Castro, Jr. .CHAPTER 19 Non–Agency Residential Mortgage–Backed Securities (RMBSs) 329Daniel I. Castro, Jr. .CHAPTER 20 Commercial Mortgage–Backed Securities (CMBSs) 348Daniel I. Castro, Jr. .CHAPTER 21 Collateralized Debt Obligations (CDOs) 361Daniel I. Castro, Jr. .CHAPTER 22 Structured Investment Vehicles (SIVs) 381Daniel I. Castro, Jr. .CHAPTER 23 Collateralized Loan Obligations (CLOs) 389Mendel Starkman .CHAPTER 24 Municipal Bonds 419Fred Yosca .CHAPTER 25 Equities 435David Weisberger .CHAPTER 26 Cash Equities in the Secondary Market 458Eric Blackman and Robert Grohskopf .CHAPTER 27 Exchange–Traded Funds (ETFs) 469Reginald M. Browne .CHAPTER 28 Equity Capital Markets 481Daniel C. de Menocal, Jr. .CHAPTER 29 Interest Rate Swaps 503Amir Sadr .CHAPTER 30 Interest Rate Options 523Amir Sadr .CHAPTER 31 Commodities 548Bob Swarup .CHAPTER 32 Currency 571Simon Derrick .CHAPTER 33 Conclusion 578Gary Strumeyer and Christian Edelmann .Index 591

• ISBN: 978-1-119-22054-1
• Editorial: John Wiley & Sons
• Encuadernacion: Cartoné
• Páginas: 648
• Fecha Publicación: 24/03/2017
• Nº Volúmenes: 1
• Idioma: Inglés