Handbook of Finance: Financial Markets and Instruments
By Frank J. Fabozzi



Publisher:   Wiley
Number Of Pages:   852
Publication Date:   2008-08-04
ISBN-10 / ASIN:   0470078146
ISBN-13 / EAN:   9780470078143

Contributors xv
Preface xxiii
Guide to the Handbook of Finance xxv
Index 779
Volume I
PART 1 Market Players and Markets 1
1. Overview of Financial Instruments and
Financial Markets 3
Frank J. Fabozzi
2. Fundamentals of Investing 9
Frank J. Fabozzi
3. The American Banking System 17
R. Philip Giles
4. Monetary Policy: How the Fed Sets,
Implements, and Measures Policy Choices 29
David M. Jones and Ellen J. Rachlin
5. Institutional Aspects of the Securities Markets 37
James R. Thompson, Edward E. Williams, and M.
Chapman Findlay, III
6. Investment Banking 51
K. Thomas Liaw
7. Securities Innovation 61
John D. Finnerty
8. An Arbitrage Perspective of the Purpose and
Structure of Financial Markets 93
Robert Dubil
9. Complete Markets 107
Les Gulko
10. Introduction to Islamic Finance 115
Mahmoud A. El-Gamal
PART 2 Common Stock 123
Cash Instruments
11. The U.S. Equity Markets 125
Frank J. Jones and Frank J. Fabozzi
12. The Information Content of Short Sales 151
Steven L. Jones and Glen Larsen
13. Emerging Stock Market Investment 163
Larry Speidell and Jarrod W. Wilcox
Equity Derivatives
14. Listed Equity Options and Futures 175
Bruce Collins and Frank J. Fabozzi
15. OTC Equity Derivatives 181
Bruce Collins and Frank J. Fabozzi
16. Volatility Derivatives 191
Robert Whaley
PART 3 Fixed Income Instruments 205
Basics
17. Bonds: Investment Features and Risks 207
Frank J. Fabozzi
18. Residential Mortgages 221
Frank J. Fabozzi, Anand K. Bhattacharya, and
William S. Berliner
19. Reverse Mortgages 231
Laurie S. Goodman
Nonmortgage Related Fixed Income Securities
and Money Market Instruments
20. U.S. Treasury Securities 237
Frank J. Fabozzi
21. Federal Agency Securities 243
Frank J. Fabozzi and George P. Kegler
22. Municipal Securities 249
Frank J. Fabozzi
23. Corporate Fixed Income Securities 259
Frank J. Fabozzi
24. The Eurobond Market 271
25. The Euro Government Bond Market 285
Antonio Villarroya
26. The German Pfandbrief and European
Covered Bonds Market 295
Graham “Harry” Cross
27. Commercial Paper 305
Moorad Choudhry, Frank J. Fabozzi, and Steven
V. Mann
28. Money Market Calculations 313
Steven V. Mann and Frank J. Fabozzi
29. Convertible Bonds 319
Frank J. Fabozzi, Steven V. Mann, and Filippo
Stefanini
30. Syndicated Loans 325
Steven Miller
31. Emerging Markets Debt 339
Maria Mednikov Loucks, John A. Penicook, and Uwe
Schillhorn
Structured Products
32. Introduction to Mortgage-Backed Securities 347
Frank J. Fabozzi, Anand K. Bhattacharya, and William
S. Berliner
33. Structuring Collateralized Mortgage
Obligations and Interest-Only/Principal-Only
Securities 355
Andrew Davidson, Anthony Sanders, Lan-Ling Wolff,
and Anne Ching
34. Commercial Mortgage-Backed Securities 367
James Manzi, Diana Berezina, and Mark Adelson
35. Nonmortgage Asset-Backed Securities 375
Frank J. Fabozzi, Laurie S. Goodman, and Douglas J.
Lucas
36. Synthetic Asset-Backed Securities 385
Moorad Choudhry
37. Catastrophe Bonds 389
William L. Messmore, Beth Starr, Sunita Ganapati,
Mark Retik, and Paul Puleo
38. Collateralized Debt Obligations 395
Douglas J. Lucas, Laurie S. Goodman, and Frank
J. Fabozzi
Fixed Income and Inflation Derivatives
39. Interest Rate Futures and Forward Rate
Agreements 411
Frank J. Fabozzi and Steven V. Mann
40. Interest Rate Swaps 421
Frank J. Fabozzi and Gerald W. Buetow
41. Interest Rate Options and Related Products 427
Frank J. Fabozzi, Steven V. Mann, and Moorad
Choudhry
42. Introduction to Credit Derivatives 435
Vinod Kothari
43. Fixed Income Total Return Swaps 447
Mark J.P. Anson, Frank J. Fabozzi, Moorad Choudhry,
and Ren-Raw Chen
Bond Market
44. Bond Market Transparency 455
Daniel E. Gallegos and Chris Barr
45. Bond Spreads and Relative Value 463
Moorad Choudhry
46. The Determinants of the Swap Spread and
Understanding the LIBOR Term Premium 469
Moorad Choudhry
PART 4 Real Estate 481
47. Real Estate Investment 483
Susan Hudson-Wilson
48. Investing in Commercial Real Estate for
Individual Investors 495
G. Timothy Haight and Daniel D. Singer
49. Types of Commercial Real Estate 505
G. Timothy Haight and Daniel D. Singer
50. Commercial Real Estate Loans and Securities 515
Rebecca J. Manning, Douglas J. Lucas, Laurie S.
Goodman, and Frank J. Fabozzi
51. Commercial Real Estate Derivatives 525
Jeffrey D. Fisher and David Geltner
PART 5 Alternative Investments 535
52. Alternative Asset Classes 537
Mark J. P. Anson
53. Hedge Funds 543
Mark J. P. Anson
54. Introduction to Venture Capital 561
Mark J. P. Anson
55. Assessing Hedge Fund Investment Risk
in Common Hedge Fund Strategies 575
Ellen J. Rachlin
56. Diversify a Portfolio with Tangible
Commodities 585
Henry G. Jarecki and Terrence F. Martell
57. The Fundamentals of Commodity Investments 593
Frank J. Fabozzi, Roland F¨ uss, and Dieter G. Kaiser
58. Art Finance 605
Rachel A. J. Campbell
59. Investing in Life Settlements 611
Anthony F. L. Pecore
PART 6 Investment Companies, ETFs,
and Life Insurance Products 619
60. Investment Companies 621
61. Exchange-Traded Funds 633
Gary L. Gastineau
62. Investment-Oriented Life Insurance 643
Frank J. Jones
63. Stable Value Investment Options for Defined
Contribution Plans 657
Brian K. Haendiges
PART 7 Foreign Exchange 675
64. An Introduction to Spot Foreign Exchange 677
Shani Shamah
65. An Introduction to Foreign Exchange
Derivatives 687
Shani Shamah
66. Introduction to Foreign Exchange Options 701
Shani Shamah
PART 8 Inflation-Hedging Products 715
67. Inflation-Linked Bonds 717
P. Brett Hammond
68. Introduction to Inflation Derivatives 729
Jeroen Kerkhof
PART 9 Securities Finance 741
69. An Introduction to Securities Lending 743
Mark C. Faulkner
70. Mechanics of the Equity Lending Market 757
Jeff Cohen, David Haushalter, and Adam V. Reed
71. Securities Lending, Liquidity, and Capital
Market-Based Finance 761
72. Repurchase Agreements and Dollar Rolls 76