Machine derived contents note: Part I: The Financial System. -- Chapter 1. An Overview of Financial Markets and Institutions. -- Chapter 2. The Federal Reserve and Its Powers. -- Chapter 3. The Fed and Interest rates. -- Part II: How Interest rates Are Determined. -- Chapter 4. The Level of Interest Rates. -- Chapter 5. Bond Prices and Interest Rate Risk. -- Chapter 6. The Structure of Interest Rates. -- Part III Financial Markets. -- Chapter 7. Money Markets. -- Chapter 8. Bond Markets. -- Chapter 9. Mortgage Markets. -- Chapter 10. Equity Markets. -- Chapter 11. Derivatives Markets. -- Chapter 12. International Markets. -- Part IV: Commercial Banking. -- Chapter 13. Commercial Bank Operations. -- Chapter 14. Bank Management and Profitability. -- Chapter 15. International Banking. -- Chapter 16. Regulation of Financial Institutions. -- Part V: Financial Institutions. -- Chapter 17. Thrift Institutions and Finance Companies. -- Chapter 18. Insurance Companies and Pension Funds. -- Chapter 19. Investment Banking. -- Chapter 20. Investment Companies. -- Glossary. -- Credits and Acknowledgments. -- Index.