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.
Les mer
PART 1: INTRODUCTION Why Study Financial Markets and Institutions?Overview of the Financial System PART 2: 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 3: FUNDAMENTALS OF FINANCIAL INSTITUTIONS Why Do Financial Institutions Exist?Why Do Financial Crises Occur and Why Are They So Damaging to the Economy? PART 4: CENTRAL BANKING AND THE CONDUCT OF MONETARY POLICY Central Banks and the Federal Reserve SystemConduct of Monetary Policy PART 5: FINANCIAL MARKETS The Money MarketsThe Bond MarketThe Stock MarketThe Mortgage MarketsThe Foreign Exchange MarketThe International Financial System PART 6: THE FINANCIAL INSTITUTIONS INDUSTRY Banking and the Management of Financial InstitutionsFinancial RegulationBanking Industry: Structure and CompetitionThe Mutual Fund IndustryInsurance Companies and Pension FundsInvestment Banks, Security Brokers and Dealers, and Venture Capital Firms PART 7: THE MANAGEMENT OF FINANCIAL INSTITUTIONS Risk Management in Financial InstitutionsHedging with Financial Derivatives CHAPTERS ON THE WEB Financial Crises in Emerging Market Economies W-1Savings Associations and Credit Unions W-22Finance Companies
Les mer
Hallmark features of this title A unifying analytic framework uses a few basic principles to organize students' thinking.The Practicing Manager applications emphasize the financial practitioner's approach to financial markets and institutions.Careful step-by-step development of models helps students master the material.International perspectives are integrated throughout the text.Following the Financial News boxes introduce students to relevant news articles and data reported in financial news sources and explain how to read them.A focus on the impact of electronic technology on the financial system makes use of the web for exercises, chart/table sources, and margin references. E-Finance boxes explain how changes in tech have affected financial markets and institutions.
Les mer
New and updated features of this title UPDATED: A section on nonconventional monetary policy tools and quantitative easing discusses how they were used during the Covid pandemic (Ch. 10).UPDATED: Inside the Fed boxes discuss presidential attacks on the independence of the Fed (Ch. 9) and the Fed lending facilities during the Covid crisis (Ch. 10).NEW: Cases include analysis of the risk structure of interest rates (Ch. 5), the effects of the Trump tax cuts on bond interest rates (Ch. 5), whether the Covid pandemic could have led to a financial crisis (Ch. 8), Covid's impact on the stock market (Ch. 13), and supply & demand analysis of the foreign exchange market (Ch. 15).NEW: Mini-Case boxes focus on how Covid led to money market fund withdrawals (Ch. 11), whether Covid has led to a housing price bubble (Ch. 14), updates to the Affordable Care Act (Ch. 21), whether liability issues will be a roadblock to driverless cares (Ch. 21), and how Twitter used a poison pill to drive a hard bargain with Elon Musk (Ch. 22).
Les mer

Produktdetaljer

ISBN
9781292459547
Publisert
2023-08-24
Utgave
10. utgave
Utgiver
Vendor
Pearson Education Limited
Vekt
1257 gr
Høyde
254 mm
Bredde
206 mm
Dybde
28 mm
Aldersnivå
U, 05
Språk
Product language
Engelsk
Format
Product format
Heftet
Antall sider
688

Om bidragsyterne

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 (Princeton University Press, 1999); Money, Interest Rates, and Inflation (Edward Elgar, 1993); and A Rational Expectations Approach to Macroeconometrics: Testing Policy Ineffectiveness and Efficient Markets Models (University of Chicago Press, 1983). In addition, he has published more than 200 articles in such journals as American Economic Review, Journal of Political Economy, Econometrica, Quarterly Journal of Economics, Journal of Finance, Journal of Applied Econometrics, Journal of Economic Perspectives, and Journal of Money Credit and Banking.

Professor Mishkin has served on the editorial board of the American Economic Review and has been an associate editor at the Journal of Business and Economic Statistics; Journal of Applied Econometrics; Journal of Economic Perspectives; Journal of Money, Credit and Banking; and Journal of International Money and Finance. He also served as the editor of the Federal Reserve Bank of New York's Economic Policy Review. He is currently an associate editor (member of the editorial board) at 5 academic journals, including International Finance; Finance India; Emerging Markets, Finance, and Trade; Review of Development Finance; and Borsa Economic Review. He has been a consultant to the Board of Governors of the Federal Reserve System, the World Bank and the International Monetary Fund, as well as to many central banks throughout the world. He was also a member of the International Advisory Board to the Financial Supervisory Service of South Korea and an adviser to the Institute for Monetary and Economic Research at the Bank of Korea. Mishkin has also served as a senior fellow at the Federal Deposit Insurance Corporation's Center for Banking Research, and as an academic consultant to and member of the Economic Advisory Panel of the Federal Reserve Bank of New York.

Stanley G. Eakins has notable experience as a financial practitioner, serving as vice president and comptroller at the First National Bank of Fairbanks and as a commercial and real estate loan officer. A founder of the Denali Title and Escrow Agency, a title insurance company in Fairbanks, Alaska, he also ran the operations side of a bank and was the chief finance officer for a multimillion-dollar construction and development company.

Professor Eakins received his PhD from Arizona State University. He is the Dean for the College of Business at East Carolina University. His research is focused primarily on the role of institutions in corporate control and how they influence investment practices. He is also interested in integrating multimedia tools into the learning environment and has received grants from East Carolina University in support of this work.

A contributor to journals such as the Quarterly Journal of Business and Economics, the Journal of Financial Research, and the International Review of Financial Analysis, Eakins is also the author of Corporate Finance Online (CFO) (Pearson, 2014), a multimedia online text designed from the ground up for electronic delivery.