This text describes financial markets and institutions by providing a conceptual framework to understand why markets exist and what their role is in the financial environment. Each type of financial market is described with a focus on its utilization by financial institutions, its internationalization, and recent events that have affected it. Each type of financial institution is described with a focus on its regulatory aspects, management, use of financial markets, and performance. This edition continues its strong tradition of emphasizing timely examples and practical applications, including Internet materials, and offers a unique tie into Internet resources.



Book Info

For both undergraduate and master's level courses in financial markets, or financial institutions, or the combination of markets and institutions. Numerous concepts relating to recent events and current trends in financial markets are discussed throughout the chapters. A website for the textbook contains many additional resources. DLC: Financial institutions.



About the Author

Jeff Madura is the SunTrust Bank Professor of Finance at Florida Atlantic University. He has written several textbooks including International Financial Management and Financial Markets and Institutions. His research on topics of banking and financial markets has been published in numerous journals including Journal of Financial and Quantitative Analysis Journal of Money Credit and Banking Journal of Banking and Finance Applied Financial Economics Journal of Risk and Insurance Journal of Financial Research and Journal of Financial Services Research. He has received awards for excellence in teaching and research and has served as a consultant for commercial banks securities firms and other corporations. He has served as a Director for the Southern Finance Association and Eastern Finance Association and served as President of the Southern Finance Association.