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Workshop on Financial Markets, Instruments, and Institutions

Federal Reserve Bank of New York
Central Banking Seminar
October 11-12, 2007

We strongly encourage those Central Banking Seminar participants who are not typically involved with global financial markets to enroll in the Bank’s Workshop on Financial Markets, Instruments, and Institutions. The workshop is held on the Thursday and Friday immediately prior to the seminar. Economists on our research staff will present topics to prepare participants for the seminar, including the group discussions. Since its introduction in 1998, the workshop has proved beneficial not only to those wishing to strengthen their knowledge of basic finance concepts in preparation for the seminar, but also to those having some background in financial markets who seek to enhance their command of terminology and institutional structure.

We recommend that workshop participants prepare ahead of time, to enable them to gain full advantage of the two-day session. In the program outline below, we identify chapters of two books that provide background on the topics covered in the workshop.

(ME) Financial Markets and Institutions , by Frederic S. Mishkin and Stanley G. Eakins, Fifth Edition, 2006, Addison Wesley, New York.

(BKM) Investments , by Zvi Bodie, Alex Kane and Alan J. Marcus, Sixth Edition, 2005, Irwin McGraw-Hill, Chicago.

Participants who are not familiar with U.S. financial markets and institutions may find the following reference book useful:

Dictionary of Finance and Investment Terms
J. Downes and J.E. Goodman, Barron's Educational Series, Seventh Edition 2006.