Pearson - Financial Markets and Institutions, 5/E - Frederic S. Mishkin & Stanley Eakins

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Financial Markets and Institutions, 5/E
Frederic S. Mishkin
Stanley Eakins

ISBN-10: 0321280296
ISBN-13: 9780321280299

Publisher: Prentice Hall
Copyright: 2006
Format: Cloth; 752 pp
Published: 03/08/2005

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Description

Recognizing that students need more than an abstract description of financial markets and institutions as they train to become managers successfully working in, or interacting with, the financial service industry, Mishkin and Eakins examine models and concepts through the eyes of a practicing financial manager to see not only why they matter, but also how they are used in the real world. In this way, students learn to place themselves in the role of decision-maker and envision how they might respond to problems and situations that will arise in their future careers.

This Fifth Edition boasts expanded coverage of valuation concepts, more quantitative material, and a streamlined, finance-focused presentation. A careful examination of conflicts of interest, a concentration on the impact of new technologies, new data, and refreshing examples all serve to enhance and illuminate important concepts.

Features

• Employs a unifying analytic framework that uses a few basic principles to organize students thinking, including: asymmetric information (agency problems), transaction costs, efficient markets and measurement, and management of risk.

•    Employing a practitioner’s approach to the study of markets and institutions, Mishkin and Eakins present material from a managerial perspective with a strong emphasis on the application of concepts. Wall Street Journal case studies, and The Practicing Manager and Inside the Fed features provide valuable real-world context.

•    New Conflicts of Interest boxes deepen students’ understanding of the importance of conflicts of interest and illustrate how pervasive they are.

•    E-Finance boxes describe how changes in technology have affected financial markets and institutions. The placement of these boxes throughout the text helps illustrate the impact technology has had in a broad range of areas in finance.

• The Companion Web Site offers multiple-choice quizzes for every chapter, a multitude of readings on current topics, mini-cases, and more. New Web resources include a Web chapter, Finance Companies and Financial Conglomerates, new Web Appendices, and animated graphs from the text.

• Internet references in the margins and end-of-chapter web exercises allow students to collect information from online sources to enhance their learning experience.

• Enhanced PowerPoint Slides with web links integrate the Internet into classroom lectures.

New To This Edition

A new Chapter 16, What Should We Do About Conflicts of Interest in the Financial Services Industry?, discusses the origins of conflicts of interest, addresses the growing concern about conflicts of interest, and provides a survey of the different types of conflicts of interest in the financial services industry and discusses policies to remedy them. New Conflicts of Interest boxes throughout the text deal with conflicts of interest.

There is now expanded coverage of the mutual fund industry including a new Chapter 21, The Mutual Fund Industry, that responds to increased student interest and goes beyond the scandals and headlines.

Expanded coverage of the money, bond and stock markets.

Extensive discussion of recent accounting and corporate scandals and their impact on financial markets (Chapters 5, 11, 16).

New section on behavioral finance, applies concepts from other social sciences like anthropology, sociology and particularly psychology to understand the behavior of securities prices (Chapter 6).

New material on Federal Reserve transparency (Chapter 7).

New discussion of the changing administration of the discount window by the federal reserve and an updated discussion of the market for reserves (Chapter 8).

Perspective on the growing concerns about Fannie Mae and Freddie Mac (Chapter 12).

Increased international coverage with new text sections, studies, and Global boxes.

Table of Contents

Part I: Introduction

1. Why Study Financial Markets and Institutions?

2. Overview of the Financial System

Part II: Fundamentals of Financial Markets

3. What Do Interest Rates Mean and What Is Their Role in Valuation?

4. Why Do Interest Rates Change?

5. How Do Risk and Term Structure Affect Interest Rates?

6. Are Financial Markets Efficient?

Part III: Central Banking and the Conduct of Monetary Policy

7. Structure of Central Banks and the Federal Reserve System

8. Conduct of Monetary Policy: Tools, Goals, and Targets

Part IV: Financial Markets

9. The Money Markets

10. The Bond Market

11. The Stock Market

12. The Mortgage Markets

13. The Foreign Exchange Market

14. The International Financial System

Part V: Fundamentals of Financial Institutions

15. Why Do Financial Institutions Exist?

16. What Should Be Done About Conflicts of Interest in the Financial Industry?

Part VI: The Financial Institutions Industry

17. Banking and the Management of Financial Institutions

18. Commercial Banking Industry: Structure and Competition

19. Savings Associations and Credit Unions

20. Banking Regulation

21. The Mutual Fund Industry

22. Insurance Companies and Pension Funds

23. Investment Banks, Security Brokers and Dealers, and Venture Capital Firms

Part VII: The Management of Financial Institutions

24. Risk Management in Financial Institutions

25. Hedging with Financial Derivatives

On the Web

26. Finance Companies

Courses

Money and Capital Markets (Finance)
Financial Markets and Institutions (Finance)

Next Edition(s)

Financial Markets and Institutions, 6/E
Mishkin & Eakins
©2009 | Prentice Hall | Cloth; 752 pp | Instock
ISBN-10: 0321374215 | ISBN-13: 9780321374219
Suggested retail price: $220.00 Net price: $165.00 (What's this?)Brief Description |
In Financial Markets and Institutions, best-selling authors Mishkin and Eakins provide a practical introduction to prepare students for today’s changing landscape of financial markets and institutions. A unifying framework uses a few core principles to organize students’ thinking then examines the models as real-world scenarios from a practitioner’s perspective. By analyzing these applications, students develop the critical-thinking and problem-solving skills necessary to respond to challenging situations in their future careers.

More Info
Financial Markets and Institutions, 7/E
Mishkin & Eakins
©2012 | Prentice Hall | Cloth; 704 pp | Instock
ISBN-10: 013213683X | ISBN-13: 9780132136839
Net price: $165.00 (What's this?)Brief Description |
For all undergraduate and graduate students of Financial Markets.

A practical and current look into today’s financial markets and institutions.

In Financial Markets and Institutions, bestselling authors Frederic S. Mishkin and Stanley G. Eakins provide a practical introduction to prepare students for today’s changing landscape of financial markets and institutions. A unifying framework uses core principles to organize students’ thinking then examines the models as real-world scenarios from a practitioner’s perspective. By analyzing these applications, students develop the critical-thinking and problem-solving skills necessary to respond to challenging situations in their future careers.

This seventh edition continues Mishkin/Eakins’ hallmark pedagogy while focusing on the cause and effect of today’s global financial crisis.
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Financial Markets and Institutions

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Websites and Online Courses

Websites and Online Courses

Companion Website for Financial Markets and Institutions, 5/E
Mishkin & Eakins
©2006 | Prentice Hall | On-line Supplement | Live
ISBN-10: 0321294025 | ISBN-13: 9780321294029
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Student Resources

Websites and online courses

eLearning & Assessment

Websites and Online Courses

Course & Discipline Resources

For the Finance Discipline

Computerized Test Bank, 5/E
Mishkin & Eakins
©2006 | Prentice Hall | Electronic Supplement | Available
ISBN-10: 0321294084 | ISBN-13: 9780321294081

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Online PowerPoints, 5/E
Mishkin & Eakins
©2006 | Prentice Hall | Electronic Supplement | Available
ISBN-10: 0321294076 | ISBN-13: 9780321294074

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Test Bank, 5/E
Mishkin & Eakins
©2006 | Prentice Hall | Paper; 332 pp | Instock
ISBN-10: 0321294068 | ISBN-13: 9780321294067

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WebCT Test Item Files for Financial Markets and Institutions, 5/E
Mishkin & Eakins
©2006 | Prentice Hall | On-line Supplement | Live
ISBN-10: 0321547373 | ISBN-13: 9780321547378

Show Downloadable Files

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Companion Website for Financial Markets and Institutions, 5/E
Mishkin & Eakins
©2006 | Prentice Hall | On-line Supplement | Live
ISBN-10: 0321294025 | ISBN-13: 9780321294029
More Info

Instructor's Resource Disk with Instructor's Manual, PowerPoint, and Computerized Test Bank, 5/E
Mishkin & Eakins
©2006 | Prentice Hall | CD-ROM Only | Instock
ISBN-10: 032129405X | ISBN-13: 9780321294050
More Info

Websites and online courses

Companion Website for Financial Markets and Institutions, 5/E
Mishkin & Eakins
©2006 | Prentice Hall | On-line Supplement | Live
ISBN-10: 0321294025 | ISBN-13: 9780321294029
More Info

For the Finance Discipline

FinCoach 2.0: CD-ROM Edition
Handa
©2002 | Prentice Hall | CD-ROM Only | Instock
ISBN-10: 0130606189 | ISBN-13: 9780130606181
Net price: $45.00 (What's this?)More Info

Research Navigator: Resources for College Research
Pearson
©2006 | Prentice Hall | Paper | Instock
ISBN-10: 0321186079 | ISBN-13: 9780321186072
Net price: $40.60 (What's this?)More Info

Websites and Online Courses

Companion Website for Financial Markets and Institutions, 5/E
Mishkin & Eakins
©2006 | Prentice Hall | On-line Supplement | Live
ISBN-10: 0321294025 | ISBN-13: 9780321294029
More Info

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Financial Markets and Institutions, 5/E