Financial Markets & Institutions,
14th Edition

Jeff Madura

Financial Markets & Institutions
ISBN-13: 9780357988299
Copyright 2025 | Published
800 pages | List Price: USD $312.95

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.

Purchase Enquiry INSTRUCTOR’S eREVIEW COPY

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.

  • Jeff Madura

    Dr. Jeff Madura is Emeritus Professor of Finance at Florida Atlantic University. The recipient of multiple awards for excellence in teaching and research, Dr. Madura has written several successful finance textbooks. His research on financial markets and institutions has been published in numerous journals, including Journal of Financial and Quantitative Analysis; Journal of Money, Credit and Banking; Financial Management; Journal of Financial Research; and Financial Review. Dr. Madura has served as a consultant for commercial banks, securities firms, and numerous other financial institutions. In addition, he is a former director of the Eastern Finance Association and a former director and president of the Southern Finance Association.

  • REVISED AND UPDATED CONTENT. Significant revisions to Chapter 5 reflect the FED's more recent shift in monetary policy (IOR, ON-RRP) to influence the fed funds rate.

  • NEW CHAPTER ON FINTECH. A new addition, Chapter 27, provides an introduction to the current developments in financial technology and its impact on financial markets and institutions. This covers the origins of Fintech, cryptocurrencies, blockchain and key innovations in banking, lending, investing, advisory and insurance services. The chapter concludes with a discussion on current regulatory oversight and cybersecurity implications.

  • CHAPTER OBJECTIVES ARE NOW MAPPED TO END-OF-CHAPTER PROBLEMS. These end-of-chapter problems have been thoroughly updated to improve assurance of learning, including new numbers and rates as well as reflecting key changes to the text.

  • CURRENT, RELEVANT EXAMPLES REINFORCE REAL-WORLD APPLICATION OF CONCEPTS. Numerous updated examples throughout this edition reflect the latest developments in today's financial world. Striking examples reinforce key concepts and clearly demonstrate the practical applications and importance of the material students are learning.

  • SUBSTANTIAL END-OF-CHAPTER QUESTIONS CHECK AND REINFORCE STUDENT COMPREHENSION. Your students can check their understanding of important concepts and skills using the large variety of questions at the end of each chapter. In addition, students can use midterm and final self-examinations to ensure they fully comprehend course material.

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

  • INTEGRATIVE PROBLEMS DEMONSTRATE HOW FINANCIAL CONCEPTS FROM EACH CHAPTER WORK TOGETHER. An integrative problem at the end of each part clearly illustrates how concepts from each of the chapters in every part work together and rely upon or impact one another.

Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.

Cengage Testing, powered by Cognero® for Madura/Paskelian's Financial Markets & Institutions
9780357988350

Cengage Testing, Powered by Cognero® for Madura/Paskelian's Financial Markets & Institutions, Instant Access
9780357988343

Instructor's Companion Website for Madura/Paskelian's Financial Markets & Institutions
9780357988336