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Financial Markets & Institutions with MindTap

Author(s): Jeff Madura | Ohaness Paskelian

ISBN: 9789366604145

14th Edition

Copyright: 2025

₹1250

Binding: Paperback

Pages: 736

Trim Size : 279 x 216 mm

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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.

  • Flow of Funds Exercise for Practical Insight: Ongoing end-of-chapter exercises show how firms interact with financial markets, institutions, and services.
  • Integrative Problems Across Chapters: Part-end problems connect concepts across chapters, helping students understand how financial ideas interrelate.
  • Updated Content Reflecting Current Monetary Policy: Includes revisions on recent Federal Reserve tools and policies (e.g., IOR, ON-RRP).
  • New Chapter on FinTech: Covers cryptocurrencies, blockchain, digital innovations in finance, and regulatory and cybersecurity issues.
  • Improved Learning Outcomes with Mapped Objectives: Chapter objectives are aligned with updated end-of-chapter problems for better assessment and learning assurance.
  • Real-World Examples: Updated, current examples highlight practical applications of financial concepts.
  • Robust End-of-Chapter Practice: Extensive questions, along with midterm and final self-tests, reinforce understanding and exam readiness.

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 in Financial Markets

Jeff Madura

Jeff Madura is presently Emeritus Professor of Finance at Florida Atlantic University. 

Ohaness Paskelian

Dr. Ohaness Paskelian presently serves as Professor of Finance at the University of Houston Downtown. 

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