Description
Book SynopsisGain the necessary tools for a successful future in business and finance with this comprehensive text.
Financial Markets and Institutions, 9th edition, Global Edition, by bestselling authors Frederic S. Mishkin and Stanley G. Eakins, serves as a comprehensive companion to courses in financial markets. The text adopts a practical approach to the changing landscape of financial markets, introducing you to core principles and then teaching you how to apply these models to real-world scenarios. Empirical applications of themes help develop your critical thinking and problem-solving skills, preparing you for a future career in business and finance.
This ninth edition has been updated to include brand new material on topics such as monetary policy, financial markets and institutions, and also includes an additional appendices section available online.
With expert advice from two knowledgeable authors on the subject, this book guides
Table of Contents
PART I: INTRODUCTION
- Why Study Financial Markets and Institutions?
- Overview of the Financial System
PART II: FUNDAMENTALS OF FINANCIAL MARKETS
- What Do Interest Rates Mean and What Is Their Role in Valuation?
- Why Do Interest Rates Change?
- How Do Risk and Term Structure Affect Interest Rates?
- Are Financial Markets Efficient?
PART III: FUNDAMENTALS OF FINANCIAL INSTITUTIONS
- Why Do Financial Institutions Exist?
- Why Do Financial Crises Occur and Why Are They So Damaging to the Economy?
PART IV: CENTRAL BANKING AND THE CONDUCT OF MONETARY POLICY
- Central Banks
- Conduct of Monetary Policy
PART V: FINANCIAL MARKETS
- The Money Markets
- The Bond Market
- The Stock Market
- The Mortgage Markets
- The Foreign Exchange Market
Appendix: The Interest Parity Condition
- The International Financial System
PART VI: THE FINANCIAL INSTITUTIONS INDUSTRY
- Banking and the Management of Financial Institutions
- Financial Regulation
- Banking Industry: Structure and Competition
- The Mutual Fund Industry
- Insurance Companies and Pension Funds
- Investment Banks, Security Brokers and Dealers, and Venture Capital Firms
PART VII: THE MANAGEMENT OF FINANCIAL INSTITUTIONS
- Risk Management in Financial Institutions
- Hedging with Financial Derivatives
CONTENTS ON THE WEB
- 25. Financial Crises in Emerging Market Economies
- 26. Savings Associations and Credit Unions
- 27. Finance Companies
- 4. Appendix 1: Models of Asset Pricing
- 4. Appendix 2: Applying the Asset Market Approach to a Commodity Market: The Case of Gold
- 4. Appendix 3: Loanable Funds Framework
- 4. Appendix 4: Supply and Demand in the Market for Money: The Liquidity Preference Framework
- 18. Appendix: Banking Crises Throughout the World
- 24. Appendix: More on Hedging with Financial Derivatives
