Financial Markets and Institutions

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Cengage Learning, Sep 25, 2009 - Business & Economics - 752 pages
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FINANCIAL MARKETS AND INSTITUTIONS, Ninth Edition (with Stock-Trak coupon), provides a conceptual framework to help students understand why financial markets exist, how financial institutions serve those markets, and the various services those institutions offer. In describing each type of market, the text emphasizes the securities traded in that market and how financial institutions participate in it, while descriptions of financial institutions focus on their management, performance, regulatory aspects, use of financial markets, and sources and uses of funds. Following the introduction of key financial markets and institutions, the text explores the functions of the Federal Reserve System, the major debt security markets, equity security markets, and the derivative security market. Numerous pedagogical features, such as Global Aspects (indicating international coverage within the chapter), Point/Counterpoint (discussions presenting both sides of a controversial issue), Interpreting Financial News, and Internet Exercises, reinforce the key concepts of the text. Continuing a strong tradition of timely examples and practical applications, the ninth edition also includes extensive updates on the global financial and credit crisis, revised questions and exercises, and new WALL STREET JOURNAL features.
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About the author (2009)

Jeff Madura serves as the SunTrust Bank 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 texts, including FINANCIAL MARKETS AND INSTITUTIONS. His research on international finance 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 international banks, securities firms, and other multinational corporations. In addition, he is a former director of the Eastern Finance Association and a former director and president of the Southern Finance Association. He earned his B.S. and M.A. from Northern Illinois University and his D.B.A. from Florida State University.

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