Financial Markets and Institutions Global Edition 9th Edition 9781292215006

For courses in financial markets.

Real-world applications help students navigate the shifting financial landscape

Financial Markets and Institutions takes a practical approach to the changing landscape of financial markets and institutions. Best-selling authors Frederic S. Mishkin and Stanley G. Eakins use core principles to introduce students to topics, then examine these models with real-world scenarios. Empirical applications of themes help students develop essential critical-thinking and problem-solving skills, preparing them for future careers in business and finance. The 9th Edition combines the latest, most relevant information and policies with the authors’ hallmark pedagogy to give instructors a refined tool to improve the learning experience.

PART I: INTRODUCTION

1. Why Study Financial Markets and Institutions?

2. Overview of the Financial System

PART II: 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?

PART 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?

PART IV: CENTRAL BANKING AND THE CONDUCT OF MONETARY POLICY

9. Central Banks and the Federal Reserve System

10. Conduct of Monetary Policy

PART V: FINANCIAL MARKETS

11. The Money Markets

12. The Bond Market

13. The Stock Market

14. The Mortgage Markets

15. The Foreign Exchange Market

Appendix: The Interest Parity Condition

16. The International Financial System

PART 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

PART VII: THE MANAGEMENT OF FINANCIAL INSTITUTIONS

23. Risk Management in Financial Institutions

24. Hedging with Financial Derivatives

CONTENTS ON THE WEB

25. Financial Crises in Emerging Market Economies

26. Savings Associations and Credit Unions

27. Finance Companies

4. Appendix 1: Models of Asset Pricing

4. Appendix 2: Applying the Asset Market Approach to a Commodity Market: The Case of Gold

4. Appendix 3: Loanable Funds Framework

4. Appendix 4: Supply and Demand in the Market for Money: The Liquidity Preference Framework

18. Appendix: Banking Crises Throughout the World

24. Appendix: More on Hedging with Financial Derivatives