Financial Markets And Institutions, Global 10th Edition

Description

By (author) Mishkin, Frederic S; By (author) Eakins, Stanley

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Financial Markets and Institutions takes a practical approach to the changing landscape of financial markets and institutions. The text uses core principles to introduce topics, then examines these models via real-world scenarios. Empirical applications of themes help you develop essential critical-thinking and problem-solving skills.

The 10th Edition reflects major changes in the aftermath of the global financial and Covid crises. With timely new sections, cases and boxes, you”ll have the latest, most relevant information to help prepare you for your future career.

Table of contents:
PART 1: INTRODUCTION

1. Why Study Financial Markets and Institutions?
2. Overview of the Financial System

PART 2: FUNDAMENTALS OF FINANCIAL MARKETS

1. What Do Interest Rates Mean and What Is Their Role in Valuation?
2. Why Do Interest Rates Change?
3. How Do Risk and Term Structure Affect Interest Rates?
4. Are Financial Markets Efficient?

PART 3: FUNDAMENTALS OF FINANCIAL INSTITUTIONS

1. Why Do Financial Institutions Exist?
2. Why Do Financial Crises Occur and Why Are They So Damaging to the Economy?

PART 4: CENTRAL BANKING AND THE CONDUCT OF MONETARY POLICY

1. Central Banks and the Federal Reserve System
2. Conduct of Monetary Policy

PART 5: FINANCIAL MARKETS

1. The Money Markets
2. The Bond Market
3. The Stock Market
4. The Mortgage Markets
5. The Foreign Exchange Market
6. The International Financial System

PART 6: THE FINANCIAL INSTITUTIONS INDUSTRY

1. Banking and the Management of Financial Institutions
2. Financial Regulation
3. Banking Industry: Structure and Competition
4. The Mutual Fund Industry
5. Insurance Companies and Pension Funds
6. Investment Banks, Security Brokers and Dealers, and Venture Capital Firms

PART 7: THE MANAGEMENT OF FINANCIAL INSTITUTIONS

1. Risk Management in Financial Institutions
2. Hedging with Financial Derivatives

CHAPTERS ON THE WEB

1. Financial Crises in Emerging Market Economies W-1
2. Savings Associations and Credit Unions W-22
3. Finance Companies

Biographical note:

Frederic S. Mishkin is the Alfred Lerner Professor of Banking and Financial Institutions at the Graduate School of Business, Columbia University. From September 2006 to August 2008, he was a member (governor) of the Board of Governors of the Federal Reserve System.

He is also a research associate at the National Bureau of Economic Research and past president of the Eastern Economics Association. Since receiving his PhD from the Massachusetts Institute of Technology in 1976, he has taught at the University of Chicago, Northwestern University, Princeton University, and Columbia University. He has also received an honorary professorship from the People”s (Renmin) University of China. From 1994 to 1997, he was executive vice president and director of research at the Federal Reserve Bank of New York and an associate economist of the Federal Open Market Committee of the Federal Reserve System.

Mishkin”s research focuses on monetary policy and its impact on financial markets and the aggregate economy. He is the author of more than 20 books, including Macroeconomics: Policy and Practice, 2nd Edition (Pearson, 2015); The Economics of Money, Banking and Financial Markets, 10th Edition (Pearson, 2013); Monetary Policy Strategy (MIT Press, 2007); The Next Great Globalization: How Disadvantaged Nations Can Harness Their Financial Systems to Get Rich (Princeton University Press, 2006); Inflation Targeting: Lessons from the International Experience (Princ