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See Most Recent Edition

Financial Markets & Institutions, 13th Edition

Jeff Madura

  • Copyright 2021
  • {{checkPublicationMessage('Published', '2020-02-04T00:00:00+0000')}}
Starting At $77.95 See pricing and ISBN options
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Financial Markets & Institutions 13th Edition by Jeff Madura
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Overview

Clearly demonstrate how today's financial institutions are integrated within financial markets with Madura's best-selling FINANCIAL MARKETS AND INSTITUTIONS, 13E. Known for its solid conceptual framework, this trusted resource explores the functions of the Federal Reserve System and its recent changes, major debt and equity security markets, and derivative security markets. Expanded coverage now discusses stock valuation, market microstructure strategies, and liquidity in today's financial markets. In addition, new content introduces popular sources of funding, such as crowdfunding. Students study the management, performance, and regulatory environment of each type of financial institution. Critical-Thinking Questions, Flow of Funds Exercises, and online research assignments help students apply what they learn, while timely examples connect concepts to financial trends. In addition, new MindTap online course solutions provide an integrated e-text, algorithmic and Excel Online practice problems and Aplia homework assignments.

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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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  • EXPANDED COVERAGE OF THE FEDERAL RESERVE SYSTEM REFLECTS SIGNIFICANT RECENT CHANGES. Your students examine specifically how the Federal Reserve System's operations, transparency, and communication to the public have changed substantially in recent years.
  • INCREASED COVERAGE ADDRESSES TYPES OF FINANCING AND INVESTMENTS THAT HAVE SURGED IN POPULARITY IN RECENT YEARS. Students study role and significance of venture capital funds, private equity funds, and crowdfunding in today's financial markets.
  • NEW, ADDITIONAL MATERIAL FOCUSES ON THE UNCERTAINTY SURROUNDING STOCK VALUATION. Students review the various methods of stock valuation and examine today's reliance on expert networks to enhance valuation estimates.
  • INCREASED COVERAGE EXPLORES MARKET MICROSTRUCTURE STRATEGIES. More thorough and current discussions equip students with a strong understanding of the details and strategies behind exchanges that occur in today's markets.
  • NEW COVERAGE REVIEWS THE IMPORTANCE OF LIQUIDITY IN ALL FINANCIAL MARKETS. This edition details the significance of liquidity in today's financial markets as well as the actions taken by regulators to ensure greater liquidity.
  • MINDTAP DIGITAL RESOURCES PROVIDE NEW LEARNING TOOLS FOR STUDENTS AND TIME-SAVING SUPPORT FOR YOU. MindTap makes it easy to connect with your students. Students can organize coursework and access a range of study tools, including an eBook and apps -- all in one place. MindTap works seamlessly with this edition and now includes algorithmic practice problems from the printed text as well as Excel Online problems to help students with problem-solving using spreadsheets. In addition, new Aplia homework sets assess conceptual understanding and mastery of the material.

Features

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  • CURRENT, RELEVANT EXAMPLES REINFORCE REAL-WORLD APPLICATION OF CONCEPTS. Numerous updated examples throughout this edition reflect the latest developments in today's financial world. Striking examples reinforce key concepts and clearly demonstrate the practical applications and importance of the material students are learning.
  • SUBSTANTIAL END-OF-CHAPTER QUESTIONS CHECK AND REINFORCE STUDENT COMPREHENSION. Your students can check their understanding of important concepts and skills using the large variety of questions at the end of each chapter. In addition, students can use midterm and final self-examinations to ensure they fully comprehend course material.
  • ONGOING FLOW OF FUNDS EXERCISE EMPHASIZES PRACTICAL APPLICATION OF USING FINANCIAL MARKETS AND SERVICES. The continuing Flow of Funds Exercise at the end of each chapter clearly illustrates how a single manufacturing company relies on all types of financial markets, institutions, and services.
  • INTEGRATIVE PROBLEMS DEMONSTRATE HOW FINANCIAL CONCEPTS FROM EACH CHAPTER WORK TOGETHER. An integrative problem at the end of each part clearly illustrates how concepts from each of the chapters in every part work together and rely upon or impact one another.

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: 035713088X
  • ISBN-13: 9780357130889
  • RETAIL $99.95

  • ISBN-10: 0357130855
  • ISBN-13: 9780357130858
  • RETAIL $99.95
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Textbook Only Options

Traditional eBook and Print Options

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  • ISBN-10: 0357695011
  • ISBN-13: 9780357695012
  • RETAIL $77.95

  • ISBN-10: 0357130790
  • ISBN-13: 9780357130797
  • RETAIL $235.95

  • ISBN-10: 0357530861
  • ISBN-13: 9780357530863
  • RETAIL $255.95
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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 STUDENTS

MindTap for Madura's Financial Markets & Institutions, 2 terms Instant Access

ISBN: 9780357130889
MindTap for Madura's Financial Markets & Institutions, 13th Edition, is a platform that propels students from memorization to mastery. It gives you complete control of your course, so you can provide engaging content, challenge every learner, and build student confidence. MindTap: Powered by You. MindTap now includes algorithmic practice problems from the textbook, Excel Online problems to help students with problem-solving using spreadsheets, and Aplia homework sets that assess conceptual understanding and mastery of the material. All of these new assignment banks are available for use to reinforce understanding of the timely financial and market topics covered in your course. Customize interactive syllabi to emphasize priority topics, then add your own material or notes to the eBook as desired. This outcomes-driven application gives you the tools needed to empower students and boost both understanding and performance.

MindTap for Madura's Financial Markets & Institutions, 1 term Instant Access

ISBN: 9780357130858
MindTap for Madura's Financial Markets & Institutions, 13th Edition, is a platform that propels students from memorization to mastery. It gives you complete control of your course, so you can provide engaging content, challenge every learner, and build student confidence. MindTap: Powered by You. New to this edition, MindTap now includes algorithmic practice problems from the printed textbook. In addition, Excel Online problems help students with problem-solving using spreadsheets, and Aplia homework sets assess conceptual understanding and mastery of the material. All of these new assignment banks are available for you to use to reinforce student understanding of the topics covered in your course. Customize interactive syllabi to emphasize priority topics, then add your own material or notes to the eBook as desired. This outcomes-driven application gives you the tools needed to empower students and boost both understanding and performance.