Nelson Higher Education

Higher Education

Financial Markets and Institutions, 10th Edition

  • includes Stock Trak Coupon
  • Jeff Madura
  • ISBN-10: 0538482133
  • ISBN-13: 9780538482134
  • 736 Pages | Hardcover
  • Previous Editions: 2010, 2008, 2006
  • COPYRIGHT: 2012 Published
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Overview

About the Product

Help students understand why financial markets exist, how financial institutions serve these markets, and what services those institutions offer with the solid conceptual framework in this best-selling finance text. Madura's leading FINANCIAL MARKETS AND INSTITUTIONS, 10E emphasizes securities traded by financial institutions and the scope of participation of those financial institutions within each market. This edition also focuses on the management, performance, and regulatory aspects of financial institutions and explores the functions of the Federal Reserve System, the major debt and equity security markets, and derivative security market. This edition places significant emphasis on current financial reform as updates throughout reflect the most recent financial changes, developments and trends in today's financial industry. Known for a solid, reader-friendly approach, author Jeff Madura blends a clear writing and contemporary coverage with hands-on learning applications such as Point/Counterpoint, "Using the Wall Street Journal," and new online research assignments. Timely examples further connect concepts to today's developments and financial trends. Each new copy of this edition includes a discount for Stock-Trak Global Portfolio Simulations Gold Service, the online trading simulation created specifically for classrooms worldwide that enables students to buy and sell stocks, bonds, mutual funds, options, future options, and more using hypothetical brokerage accounts.

Features

  • "USING THE WALL STREET JOURNAL" FEATURE CONNECTS KEY TOPICS TO CONTEMPORARY NEWS COVERAGE. Now you can complement and reinforce your coverage of key topics throughout this edition by demonstrating how concepts relate to The Wall Street Journal – the prestigious periodical that leads business and financial news and analysis today. This edition offers 14 new features throughout the text's chapters.

  • INSTRUCTIVE DIAGRAM AT BEGINNING OF EACH PART ILLUSTRATES RELATIONSHIP OF CONCEPTS. This useful, detailed diagram at the beginning of each part of the text visually clarifies how the key concepts of the part relate to one another and details how each text chapter is organized.

  • CLEAR LEARNING OBJECTIVES AND LISTS OF KEY CONCEPTS GUIDE STUDENT READING AND STUDY. To direct your students in their individual study, reading and review, this edition lists learning objectives and key concepts for each chapter at the beginning of the chapter. These learning tools assist students in preparation for mid-term and final exams.

  • TIMELY, RELEVANT EXAMPLES REINFORCE PRACTICAL APPLICATION OF CONCEPTS. Numerous memorable examples throughout this edition reinforce key concepts and show students the practical applications and importance of the material they're learning in each chapter in today's financial world.

  • DETAILED SUGGESTIONS FOR "CREDIT CRISIS" TERM PAPER PROVIDE MEANINGFUL CONTEXT FOR STUDY. Useful suggestions for creating a "Credit Crisis" term paper at the end of Chapter 1 provide a relevant, engaging opportunity for students to apply key concepts within a meaningful context.

  • ONGOING FLOW OF FUNDS EXERCISE EMPHASIZES PRACTICAL APPLICATION OF USING FINANCIAL MARKETS AND SERVICES. This 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. Special accompanying Excel® exercises highlight spreadsheet applications related to key topics, such as yield curves, risk premiums, and stock volatility.

Reviews

"I've used the Madura text for 10 years now and have not found a better financial markets and institutions book."
— Carol Boyer, Long Island University, CW Post

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 1: 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. Interest Rate Derivative 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 and Pension Fund Operations.
Appendix A: Comprehensive Project.
Appendix B: Using Excel to Conduct Analyses.
Glossary.
Index.

New to this edition

  • NEW EMPHASIS ON FINANCIAL REFORM HIGHLIGHTS DEVELOPMENTS RESHAPING THE INDUSTRY. This edition prepares your students for the financial world of tomorrow with a new focus on reform in the financial industry. New "Financial Reform" call-outs appear next to all applicable content. The book still thoroughly addresses the financial and credit crisis, but with less intensity.
  • NEW "ONLINE ARTICLES" ENCOURAGE FINANCIALLY RELATED INTERNET RESEARCH. This edition provides a new online research assignment at the end of each chapter that prompts students to both practice their internet research skills as well as connect this edition's content to timely financial activities.
  • TIMELY UPDATES THROUGHOUT THIS EDITION REFLECT THE MOST RECENT FINANCIAL DEVELOPMENTS AND TRENDS. This edition's updated content prepares your students to deal with the most recent financial changes, developments and trends in today's ever-changing financial industry.
  • EXPANDED QUESTIONS AND APPLICATIONS PROVIDE TIMELY REVIEW. More comprehensive Questions and Applications at the end of each chapter offer engaging exercises to help your students review and apply concepts from the text. Averages of two to three new problems have been added to this section in most chapters.
  • FRESH, NEW DESIGN IMPROVES READABILITY. This edition provides content within an inviting, visually appealing fresh design created to improve readability and further encourage student comprehension.

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

Help students understand why financial markets exist, how financial institutions serve these markets, and what services those institutions offer with the solid conceptual framework in this best-selling finance text. Madura's leading FINANCIAL MARKETS AND INSTITUTIONS, 10E emphasizes securities traded by financial institutions and the scope of participation of those financial institutions within each market. This edition also focuses on the management, performance, and regulatory aspects of financial institutions and explores the functions of the Federal Reserve System, the major debt and equity security markets, and derivative security market. This edition places significant emphasis on current financial reform as updates throughout reflect the most recent financial changes, developments and trends in today's financial industry. Known for a solid, reader-friendly approach, author Jeff Madura blends a clear writing and contemporary coverage with hands-on learning applications such as Point/Counterpoint, "Using the Wall Street Journal," and new online research assignments. Timely examples further connect concepts to today's developments and financial trends. Each new copy of this edition includes a discount for Stock-Trak Global Portfolio Simulations Gold Service, the online trading simulation created specifically for classrooms worldwide that enables students to buy and sell stocks, bonds, mutual funds, options, future options, and more using hypothetical brokerage accounts.

Instructor's Resource CD-ROM  (ISBN-10: 1111527350 | ISBN-13: 9781111527358)

Find the time-saving resources you need all at your fingertips and all updated to reflect this edition's changes. The Instructor's Manual provides chapter outlines, summary of key concepts for discussion, and answers to Point-Counterpoint and end-of-chapter Questions and Problems. The Test Bank in Microsoft® Word contains multiple-choice and true/false questions and is also available in ExamView® format. PowerPoint® slides clarify content and guide student note-taking. An additional separate set of slides reinforces exhibits. Access and download all instructor resources from the text companion site [except the ExamView® Test Bank which is available on the IRCD only].

Student Supplements

Gain a clear understanding of why financial markets exist, how financial institutions serve these markets, and what services those institutions offer with the proven conceptual framework and clear presentation in this best-selling FINANCIAL MARKETS AND INSTITUTIONS, 10E. This leading text emphasizes the securities traded by and the scope of participation of financial institutions within each market. You gain an understanding of the management, performance, and regulatory aspects of financial institutions and explore the functions of the Federal Reserve System, the major debt and equity security markets, and the derivative security market. Known for its timely examples and practical applications, this edition emphasizes current financial reform with updates that reflects the most recent financial changes, developments and trends in today's financial industry. Clear learning features, such as new online research assignments and "Using the Wall Street Journal" further reinforce the practical use of key concepts. Each new copy of this edition includes a discount coupon for Stock-Trak Global Portfolio Simulations Gold Service – the online trading simulation created specifically for classrooms to give you the opportunity to buy and sell stocks, bonds, mutual funds, options, and more using hypothetical brokerage accounts. Count on FINANCIAL MARKETS AND INSTITUTIONS, 10E for the support you need for success in your course and the financial world beyond.