Financial Markets and Institutions, Global Edition
Produktdetaljer
Biographical note
Frederic S. Mishkin is the Alfred Lerner Professor of Banking and Financial Institutions at the Graduate School of Business, Columbia University. From September 2006 to August 2008, he was a member (governor) of the Board of Governors of the Federal Reserve System.
He is also a research associate at the National Bureau of Economic Research and past president of the Eastern Economics Association. Since receiving his PhD from the Massachusetts Institute of Technology in 1976, he has taught at the University of Chicago, Northwestern University, Princeton University, and Columbia University. He has also received an honorary professorship from the People's (Renmin) University of China. From 1994 to 1997, he was executive vice president and director of research at the Federal Reserve Bank of New York and an associate economist of the Federal Open Market Committee of the Federal Reserve System.
Mishkin's research focuses on monetary policy and its impact on financial markets and the aggregate economy. He is the author of more than twenty books.
Stanley G. Eakins has notable experience as a financial practitioner, serving as vice president and comptroller at the First National Bank of Fairbanks and as a commercial and real estate loan officer. A founder of the Denali Title and Escrow Agency, a title insurance company in Fairbanks, Alaska, he also ran the operations side of a bank and was the chief finance officer for a multimillion-dollar construction and development company.
Professor Eakins received his PhD from Arizona State University. He is the Dean for the College of Business at East Carolina University. His research is focused primarily on the role of institutions in corporate control and how they influence investment practices. He is also interested in integrating multimedia tools into the learning environment and has received grants from East Carolina University in support of this work.
A contributor to journals such as the 'Quarterly Journal of Business and Economics', the 'Journal of Financial Research', and the 'International Review of Financial Analysis', Eakins is also the author of 'Corporate Finance Online' (CFO) (Pearson, 2014), a multimedia online text designed from the ground up for electronic delivery.
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.
Prepare your students for the world of modern financial markets. Financial Markets and Institutions combines the latest information with expert advice, introducing core principles and teaching your students how to apply their knowledge to the real world. With new chapters and learning features, this edition serves as a powerful aid to your teaching.
- Why Study Financial Markets and Institutions?
- Overview of the Financial System
- What Do Interest Rates Mean and What Is Their Role in Valuation?
- Why Do Interest Rates Change?
- How Do Risk and Term Structure Affect Interest Rates?
- Are Financial Markets Efficient?
- Why Do Financial Institutions Exist?
- Why Do Financial Crises Occur and Why Are They So Damaging to the Economy?
- Central Banks
- Conduct of Monetary Policy
- The Money Markets
- The Bond Market
- The Stock Market
- The Mortgage Markets
- The Foreign Exchange Market
Appendix: The Interest Parity Condition
- The International Financial System
- Banking and the Management of Financial Institutions
- Financial Regulation
- Banking Industry: Structure and Competition
- The Mutual Fund Industry
- Insurance Companies and Pension Funds
- Investment Banks, Security Brokers and Dealers, and Venture Capital Firms
- Risk Management in Financial Institutions
- Hedging with Financial Derivatives
- 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
- A series of Cases demonstrate how the analysis in the book can explain many important real-world situations.
- E-Finance boxes relate to how changes in technology have affected financial markets and institutions.
- Conflicts of Interest boxes outline conflicts of interest in different financial service industries.
- Chapter Previews explain why specific topics are important and how they relate to other topics in the book.
- 250+ End-of-Chapter Quantitative Problems help students develop their quantitative skills.
- Web Exercises encourage students to collect information from online sources or use them to enhance their learning experience.
- Chapter 9 now focuses more on central banks, with four new Global boxes that discuss the ownership of central banks.
- A new section on hedge funds. An updated Mini-Case box on negative interest rates in the United States, Europe, and Japan.
- An updated case explaining low-interest rates in Europe, Japan, and the United States.
- A new Mini-Case box on the tyranny of collateral.
- A new section describing securitization and the shadow banking system.
- A new Global box on the importance of the Bundesbank within the ECB.
- A new section on the variations in the Functions and Structures of Central Banks.
- A new section on the structure of central banks of larger economies.
- A new section on the policy tool, negative interest rates on bank deposits at central banks.
Additional Appendices on the web. Instructors can use these appendices in class to supplement the material in the textbook or recommend them to students who want to expand their knowledge of the financial markets and institutions field.
Produktdetaljer
Biographical note
Frederic S. Mishkin is the Alfred Lerner Professor of Banking and Financial Institutions at the Graduate School of Business, Columbia University. From September 2006 to August 2008, he was a member (governor) of the Board of Governors of the Federal Reserve System.
He is also a research associate at the National Bureau of Economic Research and past president of the Eastern Economics Association. Since receiving his PhD from the Massachusetts Institute of Technology in 1976, he has taught at the University of Chicago, Northwestern University, Princeton University, and Columbia University. He has also received an honorary professorship from the People's (Renmin) University of China. From 1994 to 1997, he was executive vice president and director of research at the Federal Reserve Bank of New York and an associate economist of the Federal Open Market Committee of the Federal Reserve System.
Mishkin's research focuses on monetary policy and its impact on financial markets and the aggregate economy. He is the author of more than twenty books.
Stanley G. Eakins has notable experience as a financial practitioner, serving as vice president and comptroller at the First National Bank of Fairbanks and as a commercial and real estate loan officer. A founder of the Denali Title and Escrow Agency, a title insurance company in Fairbanks, Alaska, he also ran the operations side of a bank and was the chief finance officer for a multimillion-dollar construction and development company.
Professor Eakins received his PhD from Arizona State University. He is the Dean for the College of Business at East Carolina University. His research is focused primarily on the role of institutions in corporate control and how they influence investment practices. He is also interested in integrating multimedia tools into the learning environment and has received grants from East Carolina University in support of this work.
A contributor to journals such as the 'Quarterly Journal of Business and Economics', the 'Journal of Financial Research', and the 'International Review of Financial Analysis', Eakins is also the author of 'Corporate Finance Online' (CFO) (Pearson, 2014), a multimedia online text designed from the ground up for electronic delivery.