Financial Markets and Institutions

by Mishkin, Frederic S.; Eakins, Stanley G.

• ISBN13: 9780201785654
• ISBN10: 020178565X
• Edition: 4th
• Format: Hardcover
• Copyright: 2003-01-01
• Publisher: Addison Wesley

Summary

Mishkin/Eakins textbook's applied managerial perspective takes a practitioner's approach to the study of the structure, function, and management of financial markets and institutions. This substantially revised edition also showcases major new material incorporating the latest research and data in every part of the text, as well as new marginal Internet and end-of-chapter Web exercises.

Table of Contents

Contents in Detail	ix
Preface	xxvii
About the Authors	xxxv
Part 1 Introduction	1	(34)
Why Study Financial Markets and Institutions?	3	(12)
Overview of the Financial System	15	(20)
Part 2 Fundamentals of Interest Rates	35	(112)
Understanding Interest Rates	37	(38)
The Behavior of Interest Rates	75	(44)
The Risk and Term Structure of Interest Rates	119	(28)
Part 3 Central Banking and the Conduct of Monetary Policy	147	(66)
Structure of Central Banks and the Federal Reserve System	149	(22)
Conduct of Monetary Policy: Tools, Goals, and Targets	171	(42)
Part 4 Financial Markets	213	(156)
The Money Markets	215	(26)
The Capital Markets	241	(26)
The Efficient Market Hypothesis	267	(24)
The Mortgage Markets	291	(20)
The Foreign Exchange Market	311	(28)
The International Financial System	339	(30)
Part 5 The Financial Institutions Industry	369	(226)
Theory of Financial Structure	371	(30)
The Banking Firm and Bank Management	401	(36)
Commercial Banking Industry: Structure and Competition	437	(28)
Savings Associations and Credit Unions	465	(26)
Banking Regulation	491	(28)
Insurance Companies and pension Funds	519	(28)
Venture Capita! Firms, Finance Companies, and Financial Conglomerates	547	(20)
Investment Banks, Brokerage Firms, and Mutual Funds	567	(28)
Part 6 The Management of Financial Institutions	595	(54)
Risk Management in Financial Institutions	597	(20)
Hedging with Financial Derivatives	617	(32)
Glossary	649	(14)
Answers to Selected Questions and Problems	663	(14)
Index	677