Please note that the digital access code that comes with the print book is valid for use in a specific Asia territory only.

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Packed with timely examples and practical applications, Madura's best-selling FINANCIAL MARKETS AND INSTITUTIONS, 12E, equips you with a clear understanding of 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, the text explores the functions of the Federal Reserve System, the major debt and equity security markets, and the derivative security markets. It also reflects the latest developments from the field -- including updates on regulatory reform. Helping you maximize your course success, MindTap® Finance digital learning solution enables you to connect with your instructor, organize coursework, and access a range of study tools -- including an e-book, pre-populated flashcards, quizzes, and more.

Financial Markets and Institutions is available with MindTap®, an integrated etext and online learning solution that enhances understanding of course content and offers opportunities to extend learning.

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.

Please note that the digital access code that comes with the print book is valid for use in a specific Asia territory only. CB VitalSource eBook – The ultimate eBook experience has arrived! Easily access our eBooks with features that will improve your reading experience, and tools to help you take notes and organize your studies. Packed with timely examples and practical applications, Madura's best-selling FINANCIAL MARKETS AND INSTITUTIONS, 12E, equips you with a clear understanding of 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, the text explores the functions of the Federal Reserve System, the major debt and equity security markets, and the derivative security markets. It also reflects the latest developments from the field -- including updates on regulatory reform. Helping you maximize your course success, MindTap® Finance digital learning solution enables you to connect with your instructor, organize coursework, and access a range of study tools -- including an e-book, pre-populated flashcards, quizzes, and more. Financial Markets and Institutions is available with MindTap®, an integrated etext and online learning solution that enhances understanding of course content and offers opportunities to extend learning. 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. 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.