Nelson Higher Education

Higher Education

Financial Markets and Institutions, 12th Edition

  • Jeff Madura
  • ISBN-10: 1337099740
  • ISBN-13: 9781337099745
  • 784 Pages | Hardcover
  • Previous Editions: 2015, 2012, 2010
  • COPYRIGHT: 2018 Published
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Overview

About the Product

Known for its solid conceptual framework, Madura's best-selling FINANCIAL MARKETS AND INSTITUTIONS, 12e, helps students understand why financial markets exist, how financial institutions serve these markets, and what services those institutions offer. Focusing on the management, performance, and regulatory aspects of financial institutions, it explores the functions of the Federal Reserve System, the major debt and equity security markets, and derivative security markets. The 12th edition includes updates on regulatory reform as well as expanded coverage of behavioral finance concepts, high-frequency trading, and pension fund underfunding implications. Critical Thinking Questions, Flow of Funds Exercises, and online research assignments help students put what they learn into practice, while timely examples further connect concepts to financial trends. In addition, MindTap, an integrated e-text and online learning solution enhances understanding of course content and offers opportunities to extend learning.

Features

  • CONNECTION WITH GLOBAL MARKETS. Throughout the text, "Global Aspects" call-outs show your students the interconnectedness of the U.S. and global financial markets.

  • "ONLINE ARTICLES" ENCOURAGE FINANCIALLY RELATED INTERNET RESEARCH. End-of-chapter online research assignments prompt students to practice their Internet research skills as well as connect chapter content to timely financial activities.

  • CURRENT, RELEVANT EXAMPLES REINFORCE REAL-WORLD APPLICATION OF CONCEPTS. Numerous memorable examples throughout the 12th edition reinforce key concepts and show students the practical applications and importance of the material they are learning.

  • ONGOING FLOW OF FUNDS EXERCISE EMPHASIZES PRACTICAL APPLICATION OF USING FINANCIAL MARKETS AND SERVICES. The running Flow of Funds Exercise at the end of each chapter clearly illustrates how a manufacturing company relies on all types of financial markets, institutions, and services.

  • HANDS-ON INTERNET/EXCEL EXERCISES DRIVE HOME CHAPTER CONCEPTS. Accompanying Excel® exercises highlight spreadsheet applications related to key topics, such as yield curves, risk premiums, and stock volatility.

  • MindTap® Finance digital learning solution enables students to connect with their instructor, organize coursework, and access a range of study tools, including an e-book and apps -- all in one place! MindTap® Reader keeps all their notes together, lets them print material, and will even read text out loud. The MindTap® Mobile App includes pre-populated flashcards, quizzes, and important course alerts, while the Progress App tracks their performance in relation to other students.

About the Author

Jeff Madura

Dr Jeff Madura is Emeritus Professor of Finance at Florida Atlantic University. He has written several successful finance texts, including Financial Markets and Institutions (now in its 12th edition). His research on international finance has been published in numerous journals, including Journal of Financial and Quantitative Analysis; Journal of Banking and Finance; Journal of Money, Credit and Banking; Journal of International Money and Finance; Financial Management; Journal of Financial Research; Financial Review; Journal of International Financial Markets, Institutions and Money; Global Finance Journal; International Review of Financial Analysis and Journal of Multinational Financial Management. Dr Madura has received multiple awards for excellence in teaching and research, and he has served as a consultant for international banks, securities firms and other multinational corporations. He served as a director for the Southern Finance Association and the Eastern Finance Association, and he is also former president of the Southern Finance Association.

Table of Contents

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
Appendix A: Comprehensive Project.
Appendix B: Using Excel to Conduct Analyses.
Glossary.
Index.

New to this edition

  • Thoroughly updated and packed with timely examples, Madura's FINANCIAL MARKETS AND INSTITUTIONS, 12e, reflects the latest financial developments, trends and issues as well as updates on regulatory reform for various types of financial markets and institutions. Chapter 12, "Market Microstructure and Strategies," includes an increased emphasis on high-frequency trading.
  • All-new Critical Thinking Questions prompt students to write a short essay on a relevant topic in each chapter, giving them firsthand experience applying chapter concepts to real-world practice.
  • Chapter 25 from the previous edition has been expanded into two chapters -- that include substantially expanded coverage of pension fund underfunding problems and implications.
  • An increased emphasis on behavioral finance concepts is included throughout.

Supplements

All supplements have been updated in coordination with the Main title.
Please see Main title page for new to this edition information.

Instructor Supplements

Instructor Website  (ISBN-10: 1337269883 | ISBN-13: 9781337269889)

Find everything you need for your course in one place. This collection of book-specific lecture and class tools is available online via www.cengage.com/login. Access and download PowerPoint® presentations, images, instructor's manual, videos, and more.

Cengage Testing, powered by Cognero® Instant Access  (ISBN-10: 1337269905 | ISBN-13: 9781337269902)

Cengage Learning Testing, powered by Cognero®, is a flexible, online system that allows you to import, edit, and manipulate content from the text's test bank or elsewhere, including your own favorite test questions. Create multiple test versions in an instant and deliver tests from your LMS, your classroom, or wherever you want.

MindTap Finance, 1 term (6 months) Instant Access for Madura's Financial Markets and Institutions  (ISBN-10: 1337269921 | ISBN-13: 9781337269926)

MindTap Finance for Madura's Financial Markets and Institutions, 12th Edition is the digital learning solution that helps instructors engage and transform today's students into critical thinkers. Through paths of dynamic assignments and applications that you can personalize, real-time course analytics, and an accessible reader, MindTap helps you turn cookie-cutter into cutting-edge, apathy into engagement, and memorizers into higher-level thinkers. As an instructor using MindTap, you have at your fingertips the right content and unique set of tools curated specifically for your course, all in an interface designed to improve workflow and save time when planning lessons and course structure. The control to build and personalize your course is all yours, focusing on the most relevant material while also lowering costs for your students. Stay connected and informed in your course through real-time student tracking that provides the opportunity to adjust the course as needed based on analytics of interactivity in the course.

Student Supplements

MindTap Finance, 1 term (6 months) Instant Access for Madura's Financial Markets and Institutions  (ISBN-10: 1337269921 | ISBN-13: 9781337269926)

It’s 1 AM, there are 20 tabs open on your computer, you lost your flashcards for the test, and you’re so tired you can’t even read. It’d be nice if someone came up with a more efficient way of studying. Luckily, someone did. With a single login for MindTap Finance for Madura's Financial Markets and Institutions, 12th Edition you can connect with your instructor, organize coursework, and have access to a range of study tools, including e-book and apps all in one place! Manage your time and workload without the hassle of heavy books! The MindTap Reader keeps all your notes together, lets you print the material, and will even read text out loud. Need extra practice? Find pre-populated flashcards and the entire eBook in the MindTap Mobile App, as well as quizzes and important course alerts. Want to know where you stand? Use the Progress app to track your performance in relation to other students.