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Financial Markets & Institutions,
13th Edition

Jeff Madura

ISBN-13: 9780357130797 | ISBN-10: 0357130790

Copyright 2021

| Published 2020

| 800 pages

List Price USD $249.95

Overview

Develop a clear understanding of why financial markets exist, how financial institutions serve these markets, and what services those institutions offer with Madura's best-selling FINANCIAL MARKETS AND INSTITUTIONS, 13E. Packed with today's real examples and practical applications, this engaging edition clarifies the management, performance, and regulatory aspects of financial institutions. You explore the functions of the Federal Reserve System and its recent changes, major debt and 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, new content explains popular sources of funding, such as crowdfunding. Real examples connect concepts to today's financial trends as online resources in MindTap digital learning solution highlight Excel Online, an integrated eBook, Aplia homework tools, and resources for strengthening your understanding.

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Meet the Authors

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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.

  • INCREASED COVERAGE ADDRESSES TYPES OF FINANCING AND INVESTMENTS THAT HAVE SURGED IN POPULARITY IN RECENT YEARS. Students study role and significance of venture capital funds, private equity funds, and crowdfunding in today's financial markets.
  • NEW, ADDITIONAL MATERIAL FOCUSES ON THE UNCERTAINTY SURROUNDING STOCK VALUATION. Students review the various methods of stock valuation and examine today's reliance on expert networks to enhance valuation estimates.
  • NEW COVERAGE REVIEWS THE IMPORTANCE OF LIQUIDITY IN ALL FINANCIAL MARKETS. This edition details the significance of liquidity in today's financial markets as well as the actions taken by regulators to ensure greater liquidity.
  • MINDTAP DIGITAL RESOURCES PROVIDE NEW LEARNING TOOLS FOR STUDENTS AND TIME-SAVING SUPPORT FOR YOU. MindTap makes it easy to connect with your students. Students can organize coursework and access a range of study tools, including an eBook and apps -- all in one place. MindTap works seamlessly with this edition and now includes algorithmic practice problems from the printed text as well as Excel Online problems to help students with problem-solving using spreadsheets. In addition, new Aplia homework sets assess conceptual understanding and mastery of the material.
  • EXPANDED COVERAGE OF THE FEDERAL RESERVE SYSTEM REFLECTS SIGNIFICANT RECENT CHANGES. Your students examine specifically how the Federal Reserve System's operations, transparency, and communication to the public have changed substantially in recent years.
  • INCREASED COVERAGE EXPLORES MARKET MICROSTRUCTURE STRATEGIES. More thorough and current discussions equip students with a strong understanding of the details and strategies behind exchanges that occur in today's markets.
  • 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.
  • 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.
  • 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.
  • 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.

Table of Contents

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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.

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's Financial Markets & Institutions

ISBN13:9780357130827
ISBN10:0357130820

Instructor's Companion Website for Madura's Financial Markets & Institutions

ISBN13:9780357130810
ISBN10:0357130812
Everything you need for your course in one place! This collection of product-specific lecture and class tools is available online via the instructor resource center at www.cengage.com/login. You'll be able to access and download materials such as PowerPoint® presentations, images, instructor’s manual, videos, and more.

Cengage Testing, powered by Cognero® for Madura's Financial Markets & Institutions, Instant Access

ISBN13:9780357130834
ISBN10:0357130839
Cengage 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.

Instructor's Manual (Internal Only) for Madura's Financial Markets and Institutions

ISBN13:9780357130919
ISBN10:035713091X

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Financial Markets & Institutions

  • ISBN-10: 0357130790
  • ISBN-13: 9780357130797

Price USD$ 249.95

eBook: Financial Markets & Institutions 12Months

  • ISBN-10: 8000029499
  • ISBN-13: 9788000029498

Price USD$ 74.99

MindTap: Financial Markets & Institutions 12Months

  • ISBN-10: 035749346X
  • ISBN-13: 9780357493465

Price USD$ 160.00

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