Financial Markets and Institutions, 9th edition

Published by Pearson (September 19, 2017) © 2018

  • Frederic S Mishkin Columbia University
  • Stanley Eakins East Carolina University

Title overview

Updated with the latest information and policies, Financial Markets and Institutions explores the changing landscape of financial markets and institutions to prepare you for a career in business or finance. It uses core principles to introduce topics, then examines models with real-world scenarios.

Table of contents

Brief Contents

PART I: INTRODUCTION

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

PART II: 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 III: 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 IV: CENTRAL BANKING AND THE CONDUCT OF MONETARY POLICY

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

PART V: FINANCIAL MARKETS

  1. The Money Markets
  2. The Bond Market
  3. The Stock Market
  4. The Mortgage Markets
  5. The Foreign Exchange Market
    • Appendix: The Interest Parity Condition
  6. The International Financial System

PART VI: 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 VII: THE MANAGEMENT OF FINANCIAL INSTITUTIONS

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

CONTENTS ON THE WEB

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

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