With its proven conceptual framework and clear presentation, FINANCIAL MARKETS AND INSTITUTIONS, Abridged Ninth Edition (with Stock-Trak coupon), can help you understand why financial markets exist, how financial institutions serve those markets, and the various services those institutions offer. In describing each type of market, the text emphasizes the securities traded in that market and how financial institutions participate in it, while descriptions of financial institutions focus on their management, performance, regulatory aspects, use of financial markets, and sources and uses of funds. Following the introduction of key financial markets and institutions, the text explores the functions of the Federal Reserve System, the major debt security markets, equity security markets, and the derivative security market. Continuing a strong tradition of timely examples and practical applications, the Abridged Ninth Edition includes extensive updates on the global financial and credit crisis, revised questions and exercises, and new WALL STREET JOURNAL features. In addition, integrated learning tools such as chapter summaries, learning objectives, Internet exercises, special coverage of global financial issues, point/counterpoint discussions of controversial topics, and features to help you interpret current financial news reinforce key concepts and make it easier for you to master the material and succeed in class.
Product dimensions: 7.90 (w) x 10.00 (h) x 0.70 (d)
Meet the Author
Jeff Madura is the SunTrust Bank Professor of Finance at Florida Atlantic University. He received his Ph.D. from Florida State University and has written several highly regarded textbooks, including FINANCIAL MARKETS AND INSTITUTIONS. His research on international finance has been published in numerous journals, including the JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS; JOURNAL OF MONEY, CREDIT AND BANKING; FINANCIAL MANAGEMENT; JOURNAL OF FINANCIAL RESEARCH; and FINANCIAL REVIEW. He has received multiple awards for excellence in teaching and research and has served as a consultant for international banks, securities firms, and other multinational corporations. He has also served as director for the Southern Finance Association and Eastern Finance Association and as president of the Southern Finance Association.
Part I: OVERVIEW OF THE FINANCIAL ENVIRONMENT. 1. Role of Financial Markets and Institutions. 2. Determination of Interest Rates. 3. Structure of Interest Rates. Part II: THE FED AND MONETARY POLICY. 4. Functions of the Fed. 5. Monetary Policy. Part III: DEBT SECURITY MARKETS. 6. Money Markets. 7. Bond Markets. 8. Bond Valuation and Risk. 9. Mortgage Markets. Part IV: EQUITY MARKETS. 10. Stock Offerings and Investor Monitoring. 11. Stock Valuation and Risk. 12. Market Microstructure and Strategies (Web chapter). Part V: DERIVATIVE SECURITY MARKETS. 13. Financial Futures Markets (Web chapter). 14. Options Markets. 15. Swap Markets (Web chapter). 16. Foreign Exchange Derivative Markets (Web chapter). Part VI: COMMERCIAL BANKING. 17. Commercial Bank Operations. 18. Bank Regulation. 19. Bank Management. 20. Bank Performance (Web chapter). Part VII: NONBANK OPERATIONS. 21. Thrift Operations (Web chapter). 22. Finance Company Operations (Web chapter). 23. Mutual Fund Operations. 24. Securities Operations (Web chapter). 25. Insurance and Pension Fund Operations. Appendix A: Comprehensive Project. Appendix B: Using Excel to Conduct Analyses. Glossary. Index.