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Financial Markets and Institutions, 7th Edition

By Frederic S. Mishkin, Stanley Eakins

Published by Pearson

Published Date: Jan 3, 2011


A practical and current look into today’s financial markets and institutions.


In Financial Markets and Institutions, bestselling authors Mishkin and Eakins provide a practical introduction to help you prepare for today’s changing landscape of financial markets and institutions. A unifying framework uses a few core principles to organize learning then examines the models as real-world scenarios from a practitioner’s perspective.


This seventh edition focuses on the cause and effect of today’s global financial crisis.

Table of Contents

Part One: Introduction

1. Why Study Financial Markets and Institutions?

2. Overview of the Financial System


Part Two: Fundamentals of Financial Markets

3. What Do Interest Rates Mean and What Is Their Role in Valuation?

4. Why Do Interest Rates Change?

5. How Do Risk and Term Structure Affect Interest Rates?

6. Are Financial Markets Efficient?


Part Three: Fundamentals of Financial Institutions

7. Why Do Financial Institutions Exist?

8. Why Do Financial Crises Occur and Why Are They So Damaging to the Economy?


Part Four: Central Banking and the Conduct of Monetary Policy

9. Central Banks and the Federal Reserve System

10. Conduct of Monetary Policy: Tools, Goals, Strategy, and Tactics


Part Five: Financial Markets

11. The Money Markets

12. The Bond Market

13. The Stock Market

14. The Mortgage Markets

15. The Foreign Exchange Market

16. The International Financial System 


Part Six: The Financial Institutions Industry

17. Banking and the Management of Financial Institutions

18. Financial Regulation

19. Banking Industry: Structure and Competition

20. The Mutual Fund Industry

21. Insurance Companies and Pension Funds

22. Investment Banks, Security Brokers and Dealers, and Venture Capital Firms


Part Seven: The Management of Financial Institutions

23. Risk Management in Financial Institutions

24. Hedging with Financial Derivatives





Chapters on the Web

25. Savings Associations and Credit Unions

26. Finance Companies

These online resources are available at no cost.

Companion Website for Financial Markets and Institutions, 7th Edition