Financial Markets and Institutions (6th Edition)

Financial Markets and Institutions (6th Edition)

<b> </b>  In <b>Financial Markets and Institutions, </b>best-selling authors Mishkin and Eakins provide a practical introduction to prepare readers for today’s changing landscape of financial markets and institutions. A unifying framework uses a few core principles to organize readers' thinking then examines the models as real-world scenarios from a practitioner’s perspective. By analyzing these applications, readers develop the critical-thinking and problem-solving skills necessary to respond to challenging situations in their future careers.<br> <br> <b> </b> <b>Introduction: </b>Why Study Financial Markets and Institutions?; Overview of the Financial System. <b>Fundamentals of Financial Markets: </b>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? <b>Central Banking and the Conduct of Monetary Policy: </b>Structure of Central Banks and the Federal Reserve System; Conduct of Monetary Policy: Tools, Goals, Strategy, and Tactics. <b>Financial Markets: </b>The Money Markets; The Bond Market; The Stock Market; The Mortgage Markets; The Foreign Exchange Market; The International Financial System. <b>Fundamentals of Financial Institutions: </b>Why Do Financial Institutions Exist?; What Should Be Done About Conflicts of Interest? A Central Issue in Business Ethics. <b>The Financial Institutions Industry: </b>Banking and the Management of Financial Institutions; Commercial Banking Industry: Structure and Competition; Savings Associations and Credit Unions; Banking Regulation; The Mutual Fund Industry; Insurance Companies and Pension Funds; Investment Banks, Security Brokers and Dealers, and Venture Capital Firms. <b>The Management of Financial Institutions: </b>Risk Management in Financial Institutions; Hedging with Financial Derivatives.<b> On the Web: </b>Finance Companies.<br> <br> <b> </b> For all readers interested in financial markets and institutions.