As the world's financial markets become increasingly integrated and competitive, this book offers an explanation of how and why change occurs.
List of figures
vii
(1)
List of tables
viii
(2)
Preface
x
Part I Overview
3
(63)
1 Introduction
3
(6)
2 Roles and clients
9
(16)
3 Financial system organisation
25
(15)
4 Change
40
(11)
5 Financial systems: an empirical overview
51
(18)
Part II Concepts
69
(120)
6 Principles of asset pricing
69
(25)
7 Dividing and pricing risks
94
(25)
8 Financial governance
119
(16)
9 Portfolio governance
135
(21)
10 Deals' terms
156
(14)
11 Market trading and intermediation
170
(19)
Part III Financial markets
189
(70)
12 Domestic financial markets
189
(24)
13 Markets for risk trading
213
(22)
14 International financial markets
235
(24)
Part IV Financial intermediaries
259
(52)
15 Principles of intermediation
259
(20)
16 Domestic intermediation
279
(17)
17 International intermediation
296
(15)
Part V Assessing and improving performance
311
(35)
18 Government financial activity
311
(11)
19 Supervision
322
(13)
20 Toward the future
335
(11)
Appendix: solutions to exercises
346
(32)
Glossary
378
(8)
Notes
386
(11)
References
397
(5)
Index
402
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