Mishkin, Frederic S.,

Financial markets and institutions / Frederic S. Mishkin, Graduate School of Business, Columbia University, Stanley G. Eakins, East Carolina University. - Global edition.; Ninth edition. - 688 pages : 26 cm. illustrations ; - Pearson series in finance. .

Includes index.

PART I: INTRODUCTION1. 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: FUNDAMENTALS OF FINANCIAL INSTITUTIONS 7. Why Do Financial Institutions Exist?8. Why Do Financial Crises Occur and Why Are They So Damaging to the Economy? PART IV: CENTRAL BANKING AND THE CONDUCT OF MONETARY POLICY 9. Central Banks 10. Conduct of Monetary Policy PART V: FINANCIAL MARKETS 11. The Money Markets12. The Bond Market13. The Stock Market14. The Mortgage Markets15. The Foreign Exchange MarketAppendix: The Interest Parity Condition16. The International Financial System PART VI: THE FINANCIAL INSTITUTIONS INDUSTRY 17. Banking and the Management of Financial Institutions18. Financial Regulation19. Banking Industry: Structure and Competition20. The Mutual Fund Industry21. Insurance Companies and Pension Funds22. Investment Banks, Security Brokers and Dealers, and Venture Capital Firms PART VII: THE MANAGEMENT OF FINANCIAL INSTITUTIONS 23. Risk Management in Financial Institutions24. Hedging with Financial Derivatives CONTENTS ON THE WEB 25. Financial Crises in Emerging Market Economies26. Savings Associations and Credit Unions27. Finance Companies4. Appendix 1: Models of Asset Pricing4. Appendix 2: Applying the Asset Market Approach to a Commodity Market: The Case of Gold4. Appendix 3: Loanable Funds Framework4. Appendix 4: Supply and Demand in the Market for Money: The Liquidity Preference Framework18. Appendix: Banking Crises Throughout the World24. Appendix: More on Hedging with Financial Derivatives

College of Business and Accountancy Bachelor of Science in Accountancy College of Business and Accountancy Bachelor of Science in Management Accounting


Text in English

9781292215006 (pbk)


Financial institutions--United States.
Money--United States.
Money market--United States.
Banks and banking--United States.

HG181 / .M558 2018

332.10973 M68 2018