In Financial Markets and Institutions, bestselling authors Frederic S. Mushin 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 analysing 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 Mushin/Eakins’ hallmark pedagogy that make it the best-selling textbook on financial markets and institutions.Emphasis Critical Thinking with Key FeaturesChapter Previews at the beginning of each chapter tell students where the chapter is heading, why specific topics are important, and how they relate to other topics in the book.Numerical Examples guide students through solutions to financial problems using formulas, time lines, and calculator key strokes.Summary Tables are useful study aids for reviewing material.Key Statements are important points that are set in boldface type so that students can easily find them for later reference.Graphs with captions, numbering over 60, help students understand the interrelationship of the variables plotted and the principles of analysis.Summaries at the end of each chapter list the chapter’s main points.Key Terms are important words or phrases that appear in boldface type when they are defined for the first time and are listed at the end of each chapter.End-of-Chapter Questions help students learn the subject matter by applying economic concepts, and feature a special class of questions that students find Particularly relevant, titled “Predicting the Future.”Table of ContentsI. Introduction 1. Why Study Financial Markets and Institutions? 2. Overview of the Financial SystemII. Fundamentals of Financial Markets 3. What Do Interest Rates Mean and What Is Their Role in Valuation? 4. Why Do Interest Rates Change? 5. How Do Risk and Term Structure Affect Interest Rates? 6. Are Financial Markets Efficient? III. Fundamentals of Financial Institutions 7. Why Do Financial Institutions Exist? 8. Why Do Financial Crises Occur and Why Are They So Damaging to the Economy?IV. Central Banking and the Conduct of Monetary Policy 9. Central Banks and the Federal Reserve System 10. Conduct of Monetary Policy: Tools, Goals, Strategy, and TacticsV. Financial Markets 11. The Money Markets 12. The Bond Market 13. The Stock Market 14. The Mortgage Markets 15. The Foreign Exchange Market 16. The International Financial System VI. The Financial Institutions Industry 17. Banking and the Management of Financial Institutions 18. Financial Regulation 19. Banking Industry: Structure and Competition 20. The Mutual Fund Industry 21. Insurance Companies and Pension Funds 22. Investment Banks, Security Brokers and Dealers, and Venture Capital Firms VII. The Management of Financial Institutions 23. Risk Management in Financial Institutions 24. Hedging with Financial Derivatives Glossary Index.
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