Develop a clear understanding of why financial markets exist, how financial institutions serve these markets and what services those institutions offer with Madura/Paskelian's best-selling FINANCIAL MARKETS & INSTITUTIONS, 14th Edition. Packed with real examples and practical applications, this engaging edition clarifies the management, performance and regulatory aspects of financial institutions. Explore the functions of the Federal Reserve System and the updated tools it uses to conduct monetary policy, major debt, equity security markets and the derivative security markets. Expanded coverage now discusses stock valuation, market microstructure strategies and liquidity in today's financial markets. In addition, a new chapter explains how financial technology is changing the role and functions of financial institutions and providing new popular sources of funding, such as crowdfunding.
Part I: OVERVIEW OF THE FINANCIAL ENVIRONMENT.
1. Role of Financial Markets and Institutions.
2. Determination of Interest Rates.
3. Structure of Interest Rates.
Part II: THE FED AND MONETARY POLICY.
4. Functions of the Fed.
5. Monetary Policy.
Part III: DEBT SECURITY MARKETS.
6. Money Markets.
7. Bond Markets.
8. Bond Valuation and Risk.
9. Mortgage Markets.
Part IV: EQUITY MARKETS.
10. Stock Offerings and Investor Monitoring.
11. Stock Valuation and Risk.
12. Market Microstructure and Strategies.
Part V: DERIVATIVE SECURITY MARKETS.
13. Financial Futures Markets.
14. Options Markets.
15. Swap Markets.
16. Foreign Exchange Derivative Markets.
Part VI: COMMERCIAL BANKING.
17. Commercial Bank Operations.
18. Bank Regulation.
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. Insurance Operations.
26. Pension Fund Operations.
27. Fintech.
Appendix A: Comprehensive Project.
Appendix B: Using Excel to Conduct Analyses.
Glossary.
Index.
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