Synopses & Reviews
This text describes financial markets and institutions by providing a conceptual framework to understand why markets exist and what their role is in the financial environment. Each type of financial market is described with a focus on its utilization by financial institutions, its internationalization, and recent events that have affected it. Each type of financial institution is described with a focus on its regulatory aspects, management, use of financial markets, and performance. This edition continues its strong tradition of emphasizing timely examples and practical applications, including Internet materials, and offers a unique tie into Internet resources.
About the Author
Jeff Madura is presently the SunTrust Bank Professor of Finance at Florida Atlantic University. He has written several textbooks, including Financial Markets and Institutions. His research on internation finance has been published in numerous journals, including Journal of Financial and Quantitative Analysis, Journal of Money, Credit and Banking, Journal of Banking and Finance, Journal of International Money and Finance, Journal of Financial Research, Financial Review, Journal of Multinational Financial Management, and Global Finance Journal. He has received awards for excellence in teaching and research, and has served as a consultant for international banks, securities firms, and other multi-national corporations. He has served as a director for the Southern Finance Association and Eastern Finance Association, and also served as president of the Southern Finance Association.
Table of Contents
Part I: OVERVIEW OF THE FINANCIAL ENVIRONMENT. Chapter 1: Role of Financial Markets and Institutions. Chapter 2: Determination of Interest Rates. Chapter 3: Structure of Interest Rates. Part II: THE FED AND MONETARY POLICY. Chapter 4: Functions of the Fed. Chapter 5: Monetary Theory and Policy. Part III: DEBT SECURITY MARKETS. Chapter 6: Money Markets. Chapter 7: Bond Markets. Chapter 8: Bond Valuation and Risk. Chapter 9: Mortgage Markets. Part IV: EQUITY MARKETS. Chapter 10: Stock Offerings and Investor Monitoring. Chapter 11: Stock Valuation and Risk. Chapter 12: Market Microstructure and Strategies. Part V: DERIVATIVE SECURITY MARKETS. Chapter 13: Financial Futures Markets. Chapter 14: Options Markets. Chapter 15: Interest Rate Derivative Markets. Chapter 16: Foreign Exchange Derivative Markets. Part VI: COMMERCIAL BANKING. Chapter 17: Commercial Bank Operations. Chapter 18: Bank Regulation. Chapter 19: Bank Management. Chapter 20: Bank Performance. Part VII: NONBANK OPERATIONS. Chapter 21: Thrift Operations. Chapter 22: Consumer Finance Operations. Chapter 23: Mutual Fund Operations. Chapter 24: Securities Operations. Chapter 25: Insurance and Pension Fund Operations. Appendix A: Comprehensive Project. Appendix B: Using Excel for Statistical Analysis.