For all undergraduate and graduate students of Financial Markets.
A practical and current look into today’s financial markets and institutions.
In Financial Markets and Institutions, bestselling authors Frederic S. Mishkin and Stanley G. Eakins provide a practical introduction to prepare students for today’s changing landscape of financial markets and institutions.
A unifying framework uses core principles to organize students’ thinking then examines the models as real-world scenarios from a practitioner’s perspective. By analyzing these applications, students develop the critical-thinking and problem-solving skills necessary to respond to challenging situations in their future careers. Although this text has undergone a major revision, the Eighth Edition retains Mishkin/Eakins’ hallmark pedagogy that make it the best-selling textbook on financial markets and institutions.
This program will provide a better teaching and learning experience–for you and your students. Here’s how:
Organize Learning with a Unifying Analytic Framework: Core principles organize students’ thinking and then examine the models as real-world scenarios from a practitioner’s perspective.
Help Students Transition from Classroom to Career with Real-Life Business Scenarios: Cases increase students’ interest by applying theory to real-world data and examples.
Emphasis Critical Thinking with Key Features: Examples and exercises allow students to put into practice the concepts that they are learning.
Keep Your Course Current and Relevant: New material on financial markets and institutions and monetary policy appear throughout the text.
Features + Benefits
Organize Learning with a Unifying Analytic Framework
A unifying analytic framework uses a few basic principles to organize students’ thinking. These principles include:
Asymmetric information (agency) problems
Conflicts of interest
Transaction costs
Supply and demand
Asset market equilibrium
Efficient markets
Help Students Transition from Classroom to Career with Real-Life Business Scenarios
Cases demonstrate how the analysis in the book can be used to explain many important real-world situations. A special set of cases called “Case: Reading the Wall Street Journal” shows students how to read daily columns in this leading financial newspaper.
“The Practicing Manager” is a set of special cases that introduce students to real-world problems that managers of financial institutions have to solve.
“Following the Financial News” boxes introduce students to relevant news articles and data that are reported daily in financial news sources and explain how to read them.
“Inside the Fed” boxes give students a feel for what is important in the operation and structure of the Federal Reserve System.
“Global” boxes include interesting material with an international focus.
“E-Finance” boxes relate how changes in technology have affected financial markets and institutions.
“Conflicts of Interest” boxes outline conflicts of interest in different financial service industries.
“Mini-Case” boxes highlight dramatic historical episodes or apply the theory to the data.
Emphasis Critical Thinking with Key Features
Chapter Previews at the beginning of each chapter tell students where the chapter is heading, why specific topics are important, and how they relate to other topics in the book.
Numerical Examples guide students through solutions to financial problems using formulas, time lines, and calculator key strokes.
Summary Tables are useful study aids for reviewing material.
Key Statements are important points that are set in boldface type so that students can easily find them for later reference.
Graphs with captions, numbering over 60, help students understand the interrelationship of the variables plotted and the principles of analysis.
Summaries at the end of each chapter list the chapter’s main points.
Key Terms are important words or phrases that appear in boldface type when they are defined for the first time and are listed at the end of each chapter.
End-of-Chapter Questions help students learn the subject matter by applying economic concepts, and feature a special class of questions that students find particularly relevant, titled “Predicting the Future.”
End-of-Chapter Quantitative Problems, numbering over 250, help students to develop their quantitative skills.
Web Exercises encourage students to collect information from online sources or use online resources to enhance their learning experience.
Web Sources report the URL source of the data used to create the many tables and charts.
Marginal Web References point the student to Websites that provide information or data that supplement the text material.
Glossary at the back of the book defines all the key terms.
Full Solutions to the Questions and Quantitative Problems appear in the Instructor’s Manual and on the Instructor’s Resource Center online at www.pearsonhighered.com/irc. Professors have the flexibility to share the solutions with their students as they see fit.
Keep Your Course Current and Relevant
NEW! Material on Financial Markets and Institutions. In light of ongoing research and changes in financial markets and institutions, we have added the following material to keep the text current:
A new Mini-Case box on the Raj Rajaratnam and the Galleon insider trading scandal (Chapter 6)
A new section on why the efficient markets hypothesis does not imply that financial markets are efficient (Chapter 6)
A new Mini-Case on collateralized debt obligations (CDOs) (Chapter 8)
A new Global box on the European Sovereign Debt Crisis (Chapter 8)
A new section on macroprudential versus microprudential supervision (Chapter 18)
A new section on too-big-to-fail and future regulation (Chapter 18)
A new web chapter on financial crises in emerging market economies that provides a much more extensive treatment of financial crises in these countries
NEW! Material on Monetary Policy. In the aftermath of the global financial crisis, there have been major changes in the way central banks conduct monetary policy. This has involved a substantial rewriting of Chapter 10, along with the following new material.
A discussion of the new monetary policy tool, changing the interest paid on reserves, and a new “Inside the Fed” box on why the Fed pays interest on reserves (Chapter 10)
A new section on nonconventional monetary policy tools and quantitative easing (Chapter 10)
A new Inside the Fed box on Fed lending facilities during the global financial crisis (Chapter 10)
A new Inside the Fed box on Ben Bernanke and the Federal Reserve Adoption of Inflation Targeting
A more extensive discussion of the debate over whether central banks should try to pop bubble(Chapter 10)
A new section of the policy trillemma (Chapter 16)
A new section on monetary unions (Chapter 16)
A Mini-case on if the Euro will survive
Table of Contents
For all undergraduate and graduate students of Financial Markets.
A practical and current look into today's financial markets and institutions.
In Financial Markets and Institutions , bestselling authors Frederic S. Mishkin and Stanley G. Eakins provide a practical introduction to prepare students for today's changing landscape of financial markets and institutions.
A unifying framework uses core principles to organize students' thinking then examines the models as real-world scenarios from a practitioner's perspective. By analyzing these applications, students develop the critical-thinking and problem-solving skills necessary to respond to challenging situations in their future careers. Although this text has undergone a major revision, the Eighth Edition retains Mishkin/Eakins' hallmark pedagogy that make it the best-selling textbook on financial markets and institutions.
This program will provide a better teaching and learning experience - for you and your students. Here's how:
Organize Learning with a Unifying Analytic Framework : Core principles organize students' thinking and then examine the models as real-world scenarios from a practitioner's perspective.
Help Students Transition from Classroom to Career with Real-Life Business Scenarios : Cases increase students' interest by applying theory to real-world data and examples.
Emphasis Critical Thinking with Key Features : Examples and exercises allow students to put into practice the concepts that they are learning.
Keep Your Course Current and Relevant: New material on financial markets and institutions and monetary policy appear throughout the text.
A practical and current look into today’s financial markets and institutions.
In Financial Markets and Institutions, bestselling authors Frederic S. Mishkin and Stanley G. Eakins provide a practical introduction to prepare students for today’s changing landscape of financial markets and institutions.
A unifying framework uses core principles to organize students’ thinking then examines the models as real-world scenarios from a practitioner’s perspective. By analyzing these applications, students develop the critical-thinking and problem-solving skills necessary to respond to challenging situations in their future careers. Although this text has undergone a major revision, the Eighth Edition retains Mishkin/Eakins’ hallmark pedagogy that make it the best-selling textbook on financial markets and institutions.
This program will provide a better teaching and learning experience–for you and your students. Here’s how:
Organize Learning with a Unifying Analytic Framework: Core principles organize students’ thinking and then examine the models as real-world scenarios from a practitioner’s perspective.
Help Students Transition from Classroom to Career with Real-Life Business Scenarios: Cases increase students’ interest by applying theory to real-world data and examples.
Emphasis Critical Thinking with Key Features: Examples and exercises allow students to put into practice the concepts that they are learning.
Keep Your Course Current and Relevant: New material on financial markets and institutions and monetary policy appear throughout the text.
Features + Benefits
Organize Learning with a Unifying Analytic Framework
A unifying analytic framework uses a few basic principles to organize students’ thinking. These principles include:
Asymmetric information (agency) problems
Conflicts of interest
Transaction costs
Supply and demand
Asset market equilibrium
Efficient markets
Help Students Transition from Classroom to Career with Real-Life Business Scenarios
Cases demonstrate how the analysis in the book can be used to explain many important real-world situations. A special set of cases called “Case: Reading the Wall Street Journal” shows students how to read daily columns in this leading financial newspaper.
“The Practicing Manager” is a set of special cases that introduce students to real-world problems that managers of financial institutions have to solve.
“Following the Financial News” boxes introduce students to relevant news articles and data that are reported daily in financial news sources and explain how to read them.
“Inside the Fed” boxes give students a feel for what is important in the operation and structure of the Federal Reserve System.
“Global” boxes include interesting material with an international focus.
“E-Finance” boxes relate how changes in technology have affected financial markets and institutions.
“Conflicts of Interest” boxes outline conflicts of interest in different financial service industries.
“Mini-Case” boxes highlight dramatic historical episodes or apply the theory to the data.
Emphasis Critical Thinking with Key Features
Chapter Previews at the beginning of each chapter tell students where the chapter is heading, why specific topics are important, and how they relate to other topics in the book.
Numerical Examples guide students through solutions to financial problems using formulas, time lines, and calculator key strokes.
Summary Tables are useful study aids for reviewing material.
Key Statements are important points that are set in boldface type so that students can easily find them for later reference.
Graphs with captions, numbering over 60, help students understand the interrelationship of the variables plotted and the principles of analysis.
Summaries at the end of each chapter list the chapter’s main points.
Key Terms are important words or phrases that appear in boldface type when they are defined for the first time and are listed at the end of each chapter.
End-of-Chapter Questions help students learn the subject matter by applying economic concepts, and feature a special class of questions that students find particularly relevant, titled “Predicting the Future.”
End-of-Chapter Quantitative Problems, numbering over 250, help students to develop their quantitative skills.
Web Exercises encourage students to collect information from online sources or use online resources to enhance their learning experience.
Web Sources report the URL source of the data used to create the many tables and charts.
Marginal Web References point the student to Websites that provide information or data that supplement the text material.
Glossary at the back of the book defines all the key terms.
Full Solutions to the Questions and Quantitative Problems appear in the Instructor’s Manual and on the Instructor’s Resource Center online at www.pearsonhighered.com/irc. Professors have the flexibility to share the solutions with their students as they see fit.
Keep Your Course Current and Relevant
NEW! Material on Financial Markets and Institutions. In light of ongoing research and changes in financial markets and institutions, we have added the following material to keep the text current:
A new Mini-Case box on the Raj Rajaratnam and the Galleon insider trading scandal (Chapter 6)
A new section on why the efficient markets hypothesis does not imply that financial markets are efficient (Chapter 6)
A new Mini-Case on collateralized debt obligations (CDOs) (Chapter 8)
A new Global box on the European Sovereign Debt Crisis (Chapter 8)
A new section on macroprudential versus microprudential supervision (Chapter 18)
A new section on too-big-to-fail and future regulation (Chapter 18)
A new web chapter on financial crises in emerging market economies that provides a much more extensive treatment of financial crises in these countries
NEW! Material on Monetary Policy. In the aftermath of the global financial crisis, there have been major changes in the way central banks conduct monetary policy. This has involved a substantial rewriting of Chapter 10, along with the following new material.
A discussion of the new monetary policy tool, changing the interest paid on reserves, and a new “Inside the Fed” box on why the Fed pays interest on reserves (Chapter 10)
A new section on nonconventional monetary policy tools and quantitative easing (Chapter 10)
A new Inside the Fed box on Fed lending facilities during the global financial crisis (Chapter 10)
A new Inside the Fed box on Ben Bernanke and the Federal Reserve Adoption of Inflation Targeting
A more extensive discussion of the debate over whether central banks should try to pop bubble(Chapter 10)
A new section of the policy trillemma (Chapter 16)
A new section on monetary unions (Chapter 16)
A Mini-case on if the Euro will survive
Table of Contents
For all undergraduate and graduate students of Financial Markets.
A practical and current look into today's financial markets and institutions.
In Financial Markets and Institutions , bestselling authors Frederic S. Mishkin and Stanley G. Eakins provide a practical introduction to prepare students for today's changing landscape of financial markets and institutions.
A unifying framework uses core principles to organize students' thinking then examines the models as real-world scenarios from a practitioner's perspective. By analyzing these applications, students develop the critical-thinking and problem-solving skills necessary to respond to challenging situations in their future careers. Although this text has undergone a major revision, the Eighth Edition retains Mishkin/Eakins' hallmark pedagogy that make it the best-selling textbook on financial markets and institutions.
This program will provide a better teaching and learning experience - for you and your students. Here's how:
Organize Learning with a Unifying Analytic Framework : Core principles organize students' thinking and then examine the models as real-world scenarios from a practitioner's perspective.
Help Students Transition from Classroom to Career with Real-Life Business Scenarios : Cases increase students' interest by applying theory to real-world data and examples.
Emphasis Critical Thinking with Key Features : Examples and exercises allow students to put into practice the concepts that they are learning.
Keep Your Course Current and Relevant: New material on financial markets and institutions and monetary policy appear throughout the text.