Financial Markets and Institutions, 8th Edition

For all undergraduate and graduate students of Financial Markets. This title is also suitable for all readers interested in financial markets and institutions.

A practical and current look into today’s financial markets and institutions.

In Financial Markets and Institutions , bestselling authors Frederic S. Mishkin and Stanley G. Eakins provide a practical introduction to prepare students for today’s changing landscape of financial markets and institutions.

A unifying framework uses core principles to organize students’ thinking then examines the models as real-world scenarios from a practitioner’s perspective. By analyzing these applications, students develop the critical-thinking and problem-solving skills necessary to respond to challenging situations in their future careers. Although this text has undergone a major revision, the Eighth Edition retains Mishkin/Eakins’ hallmark pedagogy that make it the best-selling textbook on financial markets and institutions.

This program will provide a better teaching and learning experience–for you and your students. Here’s how:

• Organize Learning with a Unifying Analytic Framework: Core principles organize students’ thinking and then examine the models as real-world scenarios from a practitioner’s perspective.

• Help Students Transition from Classroom to Career with Real-Life Business Scenarios: Cases increase students’ interest by applying theory to real-world data and examples.
• Emphasis Critical Thinking with Key Features : Examples and exercises allow students to put into practice the concepts that they are learning.
• Keep Your Course Current and Relevant: New material on financial markets and institutions and monetary policy appear throughout the text.

Table of Contents

PART ONE: INTRODUCTION
Chapter 1 Why Study Financial Markets and Institutions?
Chapter 2 Overview of the Financial System

PART TWO: FUNDAMENTALS OF FINANCIAL MARKETS
Chapter 3 What Do Interest Rates Mean and What Is Their Role in Valuation?
Chapter 4 Why Do Interest Rates Change?
Chapter 5 How Do Risk and Term Structure Affect Interest Rates?
Chapter 6 Are Financial Markets Efficient?

PART THREE: FUNDAMENTALS OF FINANCIAL INSTITUTIONS
Chapter 7 Why Do Financial Institutions Exist?
Chapter 8 Why Do Financial Crises Occur and Why Are They So Damaging to the Economy?
PART FOUR: CENTRAL BANKING AND THE CONDUCT OF MONETARY POLICY
Chapter 9 Central Banks and the Federal Reserve System
Chapter 10 Conduct of Monetary Policy: Tools, Goals, Strategy, and Tactics

PART FIVE: FINANCIAL MARKETS
Chapter 11 The Money Markets
Chapter 12 The Bond Market
Chapter 13 The Stock Market
Chapter 14 The Mortgage Markets
Chapter 15 The Foreign Exchange Market
Chapter 15 Appendix The Interest Parity Condition
Chapter 16 The International Financial System

PART SIX: THE FINANCIAL INSTITUTIONS INDUSTRY
Chapter 17 Banking and the Management of Financial Institutions
Chapter 18 Financial Regulation
Chapter 19 Banking Industry: Structure and Competition
Chapter 20 The Mutual Fund Industry
Chapter 21 Insurance Companies and Pension Funds
Chapter 22 Investment Banks, Security Brokers and Dealers, and Venture Capital Firms

PART SEVEN: THE MANAGEMENT OF FINANCIAL INSTITUTIONS
Chapter 23 Risk Management in Financial Institutions
Chapter 24 Hedging with Financial Derivatives