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See Most Recent Edition

Financial Markets and Institutions, 12th Edition

Jeff Madura

  • Copyright 2018
  • {{checkPublicationMessage('Published', '2017-01-01T00:00:00+0000')}}
Starting At $77.95 See pricing and ISBN options
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Financial Markets and Institutions 12th Edition by Jeff Madura
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Overview

Known for its solid conceptual framework, Madura's best-selling FINANCIAL MARKETS AND INSTITUTIONS, 12e, helps students understand why financial markets exist, how financial institutions serve these markets, and what services those institutions offer. Focusing on the management, performance, and regulatory aspects of financial institutions, it explores the functions of the Federal Reserve System, the major debt and equity security markets, and derivative security markets. The 12th edition includes updates on regulatory reform as well as expanded coverage of behavioral finance concepts, high-frequency trading, and pension fund underfunding implications. Critical Thinking Questions, Flow of Funds Exercises, and online research assignments help students put what they learn into practice, while timely examples further connect concepts to financial trends. In addition, MindTap, an integrated e-text and online learning solution enhances understanding of course content and offers opportunities to extend learning.

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Meet the Authors

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Jeff Madura

Jeff Madura is presently Emeritus Professor of Finance at Florida Atlantic University. He has written several successful finance texts, including FINANCIAL MARKETS & INSTITUTIONS (now in its 14th edition). His research on international finance has been published in numerous journals, including Journal of Financial and Quantitative Analysis; Journal of Banking and Finance; Journal of Money, Credit and Banking; Journal of International Money and Finance; Financial Management; Journal of Financial Research; Financial Review; Journal of International Financial Markets, Institutions, and Money; Global Finance Journal; International Review of Financial Analysis; and Journal of Multinational Financial Management. Dr. Madura has received multiple awards for excellence in teaching and research and he has served as a consultant for international banks, securities firms and other multinational corporations. He served as a director for the Southern Finance Association and the Eastern Finance Association and he is also former president of the Southern Finance Association.

What's New

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  • Thoroughly updated and packed with timely examples, Madura's FINANCIAL MARKETS AND INSTITUTIONS, 12e, reflects the latest financial developments, trends and issues as well as updates on regulatory reform for various types of financial markets and institutions. Chapter 12, "Market Microstructure and Strategies," includes an increased emphasis on high-frequency trading.
  • All-new Critical Thinking Questions prompt students to write a short essay on a relevant topic in each chapter, giving them firsthand experience applying chapter concepts to real-world practice.
  • Chapter 25 from the previous edition has been expanded into two chapters -- that include substantially expanded coverage of pension fund underfunding problems and implications.
  • An increased emphasis on behavioral finance concepts is included throughout.

Features

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  • CONNECTION WITH GLOBAL MARKETS. Throughout the text, "Global Aspects" call-outs show your students the interconnectedness of the U.S. and global financial markets.
  • "ONLINE ARTICLES" ENCOURAGE FINANCIALLY RELATED INTERNET RESEARCH. End-of-chapter online research assignments prompt students to practice their Internet research skills as well as connect chapter content to timely financial activities.
  • CURRENT, RELEVANT EXAMPLES REINFORCE REAL-WORLD APPLICATION OF CONCEPTS. Numerous memorable examples throughout the 12th edition reinforce key concepts and show students the practical applications and importance of the material they are learning.
  • ONGOING FLOW OF FUNDS EXERCISE EMPHASIZES PRACTICAL APPLICATION OF USING FINANCIAL MARKETS AND SERVICES. The running Flow of Funds Exercise at the end of each chapter clearly illustrates how a manufacturing company relies on all types of financial markets, institutions, and services.
  • HANDS-ON INTERNET/EXCEL EXERCISES DRIVE HOME CHAPTER CONCEPTS. Accompanying Excel® exercises highlight spreadsheet applications related to key topics, such as yield curves, risk premiums, and stock volatility.
  • MindTap® Finance digital learning solution enables students to connect with their instructor, organize coursework, and access a range of study tools, including an e-book and apps -- all in one place! MindTap® Reader keeps all their notes together, lets them print material, and will even read text out loud. The MindTap® Mobile App includes pre-populated flashcards, quizzes, and important course alerts, while the Progress App tracks their performance in relation to other students.

Table of Contents

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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
Appendix A: Comprehensive Project.
Appendix B: Using Excel to Conduct Analyses.
Glossary.
Index.

Compare Buying Options

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MindTap Options

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MindTap
Each MindTap product offers the full, mobile-ready textbook combined with superior and proven learning tools at one affordable price. Students who purchase digital access can add a print option at any time when a print option is available for their course.

This Cengage solution can be seamlessly integrated into most Learning Management Systems (Blackboard, Brightspace by D2L, Canvas, Moodle, and more) but does require a different ISBN for access codes. Please work with your Cengage Learning Consultant to ensure the proper course set up and ordering information. For additional information, please visit the LMS Integration site.

Standalone Digital Access — Ultimate Value

Recommended and most popular

  • ISBN-10: 1337269921
  • ISBN-13: 9781337269926
  • RETAIL $99.95
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Textbook Only Options

Traditional eBook and Print Options

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  • ISBN-10: 0357689097
  • ISBN-13: 9780357689097
  • RETAIL $77.95

  • ISBN-10: 1337099740
  • ISBN-13: 9781337099745
  • RETAIL $235.95
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Supplements

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Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.

FOR INSTRUCTORS

MindTap Finance, 1 term (6 months) Instant Access for Madura's Financial Markets and Institutions

ISBN: 9781337269926
MindTap Finance for Madura's Financial Markets and Institutions, 12th Edition is the digital learning solution that helps instructors engage and transform today's students into critical thinkers. Through paths of dynamic assignments and applications that you can personalize, real-time course analytics, and an accessible reader, MindTap helps you turn cookie-cutter into cutting-edge, apathy into engagement, and memorizers into higher-level thinkers. As an instructor using MindTap, you have at your fingertips the right content and unique set of tools curated specifically for your course, all in an interface designed to improve workflow and save time when planning lessons and course structure. The control to build and personalize your course is all yours, focusing on the most relevant material while also lowering costs for your students. Stay connected and informed in your course through real-time student tracking that provides the opportunity to adjust the course as needed based on analytics of interactivity in the course.

FOR STUDENTS

MindTap Finance, 1 term (6 months) Instant Access for Madura's Financial Markets and Institutions

ISBN: 9781337269926
MindTap Finance for Madura's Financial Markets and Institutions, 12th Edition is the digital learning solution that helps instructors engage and transform today's students into critical thinkers. Through paths of dynamic assignments and applications that you can personalize, real-time course analytics, and an accessible reader, MindTap helps you turn cookie-cutter into cutting-edge, apathy into engagement, and memorizers into higher-level thinkers. As an instructor using MindTap, you have at your fingertips the right content and unique set of tools curated specifically for your course, all in an interface designed to improve workflow and save time when planning lessons and course structure. The control to build and personalize your course is all yours, focusing on the most relevant material while also lowering costs for your students. Stay connected and informed in your course through real-time student tracking that provides the opportunity to adjust the course as needed based on analytics of interactivity in the course.