Foreign keys and slow insert

I read in documentation that primary key doesn't require additional indexes
but I could find nothing about foreign keys.
Do I need to create additional indexes when I create foreign keys?
Example:
create table master
{
master_id INT4,
master_name VARCHAR(64),
CONSTRAINT master_pkey PRIMARY KEY (master_id)
}
create table slave
{
slave_id INT4,
slave_name VARCHAR(64),
master_id INT4,
CONSTRAINT slave_pkey PRIMARY KEY (slave_id),
CONSTRAINT slave_fkey_master_id FOREIGN KEY (master_id) REFERENCES master
(master_id) ON UPDATE CASCADE ON DELETE RESTRICT
}

Do I need to create index

CREATE INDEX my_index
ON slave
USING btree
(master_id);

?

Thanks

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