Jeff Madura编著的《金融市场与机构》从讨论金融市场的资金流动、利率的决定和利率结构出发，系统阐述了金融市场的运作全貌，本书适合作为金融、经济、工商管理专业本科生、研究生和MBA“金融市场学”或“金融市场与机构”课程的教材。对于金融业的研究人员和从业人员，本书也是一本难得的专业参考书。

Jeff Madura编著的《金融市场与机构》从讨论金融市场的资金流动、利率的决定和利率结构出发，系统阐述了金融市场的运作全貌，不仅全面介绍了债务证券市场、权益证券市场、衍生证券市场，而且深入分析了各种金融工具、衍生工具的估价与风险，本书还着重描述了金融机构对各类金融市场的利用及其在金融市场上所扮演的角色。

《金融市场与机构》适合作为金融、经济、工商管理专业本科生、研究生和MBA“金融市场学”或“金融市场与机构”课程的教材。对于金融业的研究人员和从业人员，本书也是一本难得的专业参考书。

PART I

 1 Overview of the Financial

 Environment

 2 Chapter 1

 Role of Financial Markets and Institutions

 Overview of Financial Markets

 Money versus Capital Markets

 Primary versus Secondary Markets

 Organized versus Over-the-Counter Markets

 Securities Traded in Financial Markets

 Money Market Securities

 Capital Market Securities

 Derivative Securities

 Valuation of Securities in Financial Markets

 Market Pricing of Securities

 Market Efficiency

 Financial Market Regulation

 Disclosure

 Other Regulations

 Financial Market Globalization

 Role of the Foreign Exchange Market

 Foreign Exchange Rates

 Role of Financial Institutions in Financial Markets

 Role of Depository Institutions 11

 Role of Nondepository financial Institutions

 Comparison of Roles among Financial Institutions

 Overview of Financial Institutions 19

 Competition between Financial Institutions

 Consolidation of Financial Institutions

 PARTicipation in Financial Markets

 Global Expansion by Financial Institutions

 30 Chapter 2

 Determination of Interest Rates

 Loanable Funds Theory 30

 Household Demand for Loanable Funds

 Business Demand for Loanable Funds

 Government Demand for Loanable Funds

 Foreign Demand for Loanable Funds

 Aggregate Demand for Loanable Fund~

 Supply of Loanable Funds 34

 Equilibrium Interest Rate 36

 Economic Forces That Affect Interest Rates

 Impact of Economic Growth on Interest Rates

 Impact of Inflation on Interest Rates 39

 Impact of the Money Supply on Interest Rates

 Impact of the Budget Deficit on Interest Rates

 Impact of Foreign Flows of Funds on Interest Rates

 Summary of Forces That Affect Interest Rates

 Evaluation of Interest Rates over Time

 Forecasting Interest Rates

 53 Chapter

 Structure of Interest Rates

 Characteristics of Debt Securities That Cause Their Yields　to Vary

 Credit (Default) Risk

 Liquidity

 Tax Status

 Term to Maturity

 Special Provisions

 Explaining Actual Yield Differentials

 Yield Differentials of Money Market Securities

 Yield Differentials of Capital Market Securities

 Estimating the Appropriate Yield

 A Closer Look at the Term Structure

 Pure Expectations Theory

 Liquidity Premium Theory

 Segmented Markets Theory

 Research on Term Structure Theories

 Integrating the Theories of the Term Structure

 Uses of the Term Structure

 Impact of Debt Management on Term Structure

 Impact of September 11 on the Term Structure

 Historical Review of the Term Structure

 International Structure of Interest Rates

 Integ rative Problem: Interest Rate Forecasts and Investment　Decisions

PART II

 85 The Fed and Monetary Policy

 86 Chapter 4

 Functions of the Fed

 Organization of the Fed

 Federal Reserve District Banks

 Member Banks

 Board of Governors

 Federal Open Market Committee (FOMC)

 Advisory Committees

 Integration of FederaI Reserve Components

 Monetary Policy Tools

 Open Market Operations

 Adjusting the Discount Rate

 Adjusting the Reserve Requirement Ratio

 Comparison of Monetary Policy Toos

 Impact of Technical Factors on Funds

 Fed Contr01 of the Money Supply

 Limitations of Controlling Money Supply

 Monetary Control Act of 1980

 G10bal Monetary Policy

 A Single Euro Zone Monetary Policy

 Global Central Bank Coordination

 Summary

 Questions and Applications

 107 Chapter

 Monetary Theory and Policy

 Monetary Theory

 Pure Keynesian Theory

 Quantity Theory and the Monetarist Approach

 Theory of Rational Expectations

 WhichTheoryisCorrect？

 Tradeoff Faced bv山e Fed

 Impact ofOther Forces on the Trade off

 Economic Indicators Monitored by the Fed

 Indicators of Economic Growth

 Indicators of Inflation

 How the Fed Uses Indicators

 Lags in Monetary Policy

 Assessing the Impact of Monetary Policy

 Forecasting Money Supp~Movements

 Forecasting the Impact ofMonetary Policy

 Integrating Monetary and Fiscal Policies

 History

 Monetizing the Debt

 Market Assessment ofIntegrated Policies

 G1obal Etiects of Monetary Policy

 Impact of the Dollar

 Impact of Global Economic Conditions

 Transmission ofInterest Rates

 Fed Policy during the Asian Crisis

 Summary 133·Questions and Applications

 Integrative Problem：Fed Watching

PART Ⅲ

 139 Debt Security Markets

 140 Chapter

 Money Markets

 Money Market Securities

 Treasury Bills

 CommercialPaper

 Negotiable Certificates of Deposit

 Repurchase Agreements

 Federal Funds

 Banker~Acceptances

 Institutional Use of Money Markets

 valuation of Money Market Securities

 Explaining Money Market Price Movements

 Indicators ofFuture Money Market Security Prices

 Risk of Money Market Securities

 MeasuringRisk

 Interaction among Money Market Yields

 Globalization of Money Markets

 Eurodollar Deposits and Euronotes

 Euro-CommerciaI Paper

 Performance ofForeign Money Market Securities

 Summary 155-Questions and Applications

 Problems

 162 Chapter

 Bond Markets

 Background on Bonds

 BondYields

 Treasury and Federal Agency Bonds

 Treasury Bond Auction

 Trading Treasury Bonds

 Treasury Bond Quotations

 Stripped Treasury Bonds

 Inflation-Indexed Treasury Bonds

 Brady Bonds

 FederalAgency Bonds

 Municipal Bonds

 Tradingand Quotations

 Corporate Bonds

 Private Placements ofCorporate Bonds

 Characteristics of Corporate Bonds

 TradingCorporateBonds

 Corporate Bond Quotations

 Junk Bonds

 How Corporate Bonds Facilitate Restructuring

 Institutional Use of Bond Markets

 Globalization of Bond Markets

 Eurobond Market

 Tax Egects

 Summary

 Questions and Applications

 182Chapter

 Bond Valuation and Risk

 Bond Valuation Process

 BondValuationwith aPresentValue Table

 Impact of the Discount Rate on Bond Valuation

 Impact oftheTimingofPayments on Bond Valuation

 Valuation ofBonds with Semiannual Payments

 Use ofAnnulty Tables for Valuation

 Relationships Between Coupon Rate，Required Return，and Bond Price

 Implications for Financial Institutions

 Explaining Bond Price Movements

 Factors That Affectthe Risk-Free Rate

PART Ⅳ

G-1 Glossary