Frederic S Mishkin, Stanley Eakins

Financial Markets and Institutions, Global Edition (eBook, PDF)

• Format: PDF

Produktbeschreibung

Financial Markets and Institutions takes a practical approach to the changing landscape of financial markets and institutions. The text uses core principles to introduce topics, then examines these models via real-world scenarios. Empirical applications of themes help you develop essential critical-thinking and problem-solving skills.

The 10th Edition reflects major changes in the aftermath of the global financial and Covid crises. With timely new sections, cases and boxes, you'll have the latest, most relevant information to help prepare you for your future career.

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Produktdetails

• Verlag: Pearson HigherEducation
• Altersempfehlung: ab 18 Jahre
• Erscheinungstermin: 7. August 2023
• Englisch
• ISBN-13: 9781292459530
• Artikelnr.: 68558373

Autorenporträt

Frederic S. Mishkin is the Alfred Lerner Professor of Banking and Financial Institutions at the Graduate School of Business, Columbia University. From September 2006 to August 2008, he was a member (governor) of the Board of Governors of the Federal Reserve System.

He is also a research associate at the National Bureau of Economic Research and past president of the Eastern Economics Association. Since receiving his PhD from the Massachusetts Institute of Technology in 1976, he has taught at the University of Chicago, Northwestern University, Princeton University, and Columbia University. He has also received an honorary professorship from the People's (Renmin) University of China. From 1994 to 1997, he was executive vice president and director of research at the Federal Reserve Bank of New York and an associate economist of the Federal Open Market Committee of the Federal Reserve System.

Mishkin's research focuses on monetary policy and its impact on financial markets and the aggregate economy. He is the author of more than 20 books, including Macroeconomics: Policy and Practice, 2nd Edition (Pearson, 2015); The Economics of Money, Banking and Financial Markets, 10th Edition (Pearson, 2013); Monetary Policy Strategy (MIT Press, 2007); The Next Great Globalization: How Disadvantaged Nations Can Harness Their Financial Systems to Get Rich (Princeton University Press, 2006); Inflation Targeting: Lessons from the International Experience (Princeton University Press, 1999); Money, Interest Rates, and Inflation (Edward Elgar, 1993); and A Rational Expectations Approach to Macroeconometrics: Testing Policy Ineffectiveness and Efficient Markets Models (University of Chicago Press, 1983). In addition, he has published more than 200 articles in such journals as American Economic Review, Journal of Political Economy, Econometrica, Quarterly Journal of Economics, Journal of Finance, Journal of Applied Econometrics, Journal of Economic Perspectives, and Journal of Money Credit and Banking.

Professor Mishkin has served on the editorial board of the American Economic Review and has been an associate editor at the Journal of Business and Economic Statistics; Journal of Applied Econometrics; Journal of Economic Perspectives; Journal of Money, Credit and Banking; and Journal of International Money and Finance. He also served as the editor of the Federal Reserve Bank of New York's Economic Policy Review. He is currently an associate editor (member of the editorial board) at 5 academic journals, including International Finance; Finance India; Emerging Markets, Finance, and Trade; Review of Development Finance; and Borsa Economic Review. He has been a consultant to the Board of Governors of the Federal Reserve System, the World Bank and the International Monetary Fund, as well as to many central banks throughout the world. He was also a member of the International Advisory Board to the Financial Supervisory Service of South Korea and an adviser to the Institute for Monetary and Economic Research at the Bank of Korea. Mishkin has also served as a senior fellow at the Federal Deposit Insurance Corporation's Center for Banking Research, and as an academic consultant to and member of the Economic Advisory Panel of the Federal Reserve Bank of New York.

Stanley G. Eakins has notable experience as a financial practitioner, serving as vice president and comptroller at the First National Bank of Fairbanks and as a commercial and real estate loan officer. A founder of the Denali Title and Escrow Agency, a title insurance company in Fairbanks, Alaska, he also ran the operations side of a bank and was the chief finance officer for a multimillion-dollar construction and development company.

Professor Eakins received his PhD from Arizona State University. He is the Dean for the College of Business at East Carolina University. His research is focused primarily on the role of institutions in corporate control and how they influence investment practices. He is also interested in integrating multimedia tools into the learning environment and has received grants from East Carolina University in support of this work.

A contributor to journals such as the Quarterly Journal of Business and Economics, the Journal of Financial Research, and the International Review of Financial Analysis, Eakins is also the author of Corporate Finance Online (CFO) (Pearson, 2014), a multimedia online text designed from the ground up for electronic delivery.

Inhaltsangabe

PART 1: INTRODUCTION
1. Why Study Financial Markets and Institutions?
2. Overview of the Financial System
PART 2: FUNDAMENTALS OF FINANCIAL MARKETS
1. What Do Interest Rates Mean and What Is Their Role in Valuation?
2. Why Do Interest Rates Change?
3. How Do Risk and Term Structure Affect Interest Rates?
4. Are Financial Markets Efficient?
PART 3: FUNDAMENTALS OF FINANCIAL INSTITUTIONS
5. Why Do Financial Institutions Exist?
6. Why Do Financial Crises Occur and Why Are They So Damaging to the Economy?
PART 4: CENTRAL BANKING AND THE CONDUCT OF MONETARY POLICY
7. Central Banks and the Federal Reserve System
8. Conduct of Monetary Policy
PART 5: FINANCIAL MARKETS
9. The Money Markets
10. The Bond Market
11. The Stock Market
12. The Mortgage Markets
13. The Foreign Exchange Market
14. The International Financial System
PART 6: THE FINANCIAL INSTITUTIONS INDUSTRY
15. Banking and the Management of Financial Institutions
16. Financial Regulation
17. Banking Industry: Structure and Competition
18. The Mutual Fund Industry
19. Insurance Companies and Pension Funds
20. Investment Banks, Security Brokers and Dealers, and Venture Capital Firms
PART 7: THE MANAGEMENT OF FINANCIAL INSTITUTIONS
21. Risk Management in Financial Institutions
22. Hedging with Financial Derivatives
CHAPTERS ON THE WEB
23. Financial Crises in Emerging Market Economies W-1
24. Savings Associations and Credit Unions W-22
25. Finance Companies