PART I: THE ENVIRONMENT OF FINANCIAL INSTITUTIONS MANAGEMENT 1. Changing Times for Financial Institutions 2. Financial Institutions as Risk-Takers - Strategic Considerations 3. Regulation, Technology, and Financial Innovation PART II: OVERVIEW AND PERFORMANCE ANALYSIS OF DEPOSITORY INSTITUTIONS 4. Depository Institution Performance and Risk Analysis 5. Credit Unions and Savings Institutions 6. Capital Regulations and Management 7. Changes with Technology: Securitization, Structured Financing, Internet Banking, and the Role of Financial Institutions in E-Commerce PART III. INTEREST RATE AND FOREIGN EXCHANGE ENVIRONMENTS 8. Interest Rates, Exchange Rates, and Inflation: Theories and Forecasting 9. The Term Structure of Interest Rates 10. Interest Rate Risk Measurement and Immunization Using Duration 11. Interest Rate Risk Management: Interest Rates and Foreign Currency Futures 12. Interest Rate Risk Management: Index Futures, Options, Swaps, and Other Derivatives PART IV. ASSET AND LIABILITY MANAGEMENT PROBLEMS FOR DEPOSITORY INSTITUTIONS 13. Asset Management: Commercial, Consumer, and Mortgage Lending 14. Asset Management: Liquidity Reserves and the Securities Portfolio 15. Deposit and Liability Management PART V. MANAGEMENT ISSUES AND PERFORMANCE ANALYSIS OF NONDEPOSITORY INSTITUTIONS 16. Insurance Company Financial Management Issues 17. Investment Banks, Securities Firms, and Venture Capitalists: Management and Ethical Issues 18. Mutual Fund and Pension Fund Management 19. Managing Diversified Financial Services Firms: Corporate Governance and Merger and International Considerations