Gain the necessary tools for a successful future in business and finance with this comprehensive text. Financial Markets and Institutions, 9th edition, Global Edition, by bestselling authors Frederic S. Mishkin and Stanley G. Eakins, serves as a comprehensive companion to courses in financial markets. The text adopts a practical approach to the changing landscape of financial markets, introducing you to core principles and then teaching you how to apply these models to real-world scenarios. Empirical applications of themes help develop your critical thinking and problem-solving skills, preparing you for a future career in business and finance. This ninth edition has been updated to include brand new material on topics such as monetary policy, financial markets and institutions, and also includes an additional appendices section available online. With expert advice from two knowledgeable authors on the subject, this book guides you through the core concepts of financial markets and gives you the tools to succeed in the business world. This title comes with a Companion Website.
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 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
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