ISBN 9788131525272,Financial Institutions and Markets

Financial Institutions and Markets


Jeff Madura


South Western



South Western

Publication Year 2014

ISBN 9788131525272

ISBN-10 8131525279

Paper Back

Edition 10th
Number of Pages 750 Pages
Language (English)


Help students understand why financial markets exist, how financial institutions serve these markets, and what services those institutions offer with the solid conceptual framework in this best-selling finance text. Maduras leading FINANCIAL INSTITUTIONS AND MARKETS, 10E, emphasizes securities traded by financial institutions and the scope of participation of those financial institutions within each market. This edition also focuses on the management, performance, and regulatory aspects of financial institutions and explores the functions of the Federal Reserve System, the major debt and equity security markets, and derivative security market. This edition places significant emphasis on current financial reform as updates throughout reflect the most recent financial changes, developments and trends in todays financial industry. Known for a solid, reader-friendly approach, author Jeff Madura blends a clear writing and contemporary coverage with hands-on learning applications such as Point/Counterpoint, "Using the Wall Street Journal," and new online research assignments. Timely examples further connect concepts to todays developments and financial trends. Each new copy of this edition includes a discount for Stock-Trak Global Portfolio Simulations Gold Service, the online trading simulation created specifically for classrooms worldwide that enables students to buy and sell stocks, bonds, mutual funds, options, future options, and more using hypothetical brokerage accounts.
Table of Contents
Part 1: OVERVIEW OF THE FINANCIAL ENVIRONMENT. 1. The Role of Financial Markets and Institutions. 2. Interest Rate Determination. 3. Interest Rate Structure. Part II: THE FED AND MONETARY POLICY. 4. The Fed and Its Functions. 5. Monetary Policy. Part III: DEBT SECURITY MARKETS. 6. Money Markets. 7. Bond Markets. 8. Valuation and Risk of Bonds. 9. Mortgage Markets. Part IV: EQUITY MARKETS. 10. Investor Monitoring and Stock Offerings. 11. Valuation and Risk of Stocks. 12. Market Microstructure and Strategies. Part V: DERIVATIVE SECURITY MARKETS. 13. Financial Futures Markets. 14. Option Markets. 15. Interest Rate Derivative Markets. 16. Foreign Exchange Derivative Markets. Part VI: COMMERCIAL BANKING. 17. Commercial Bank Operations. 18. Regulation of Banks. 19. Bank Management. 20. Bank Performance. Part VII: NONBANK OPERATIONS. 21. Thrift Operations. 22. Finance Company Operations. 23. Mutual Fund Operations. 24. Securities Operations. 25. Pension Fund and Insurance Operations.
About the Author: Jeff Madura
Jeff Madura serves as the SunTrust Bank Professor of Finance at Florida Atlantic University. The recipient of multiple awards for excellence in teaching and research, Dr. Madura has written several successful finance texts, including FINANCIAL MARKETS AND INSTITUTIONS. His research on international finance has been published in numerous journals, including JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS; JOURNAL OF MONEY, CREDIT AND BANKING; FINANCIAL MANAGEMENT; JOURNAL OF FINANCIAL RESEARCH; and FINANCIAL REVIEW. Dr. Madura has served as a consultant for international banks, securities firms, and other multinational corporations. In addition, he is a former director of the Eastern Finance Association and a former director and president of the Southern Finance Association. He earned his B.S. and M.A. from Northern Illinois University and his D.B.A. from Florida State University