Higher Education

Financial Markets and Institutions, Abridged Edition, 10th Edition

  • Includes Stock-Trak Coupon.
  • Jeff Madura Florida Atlantic University
  • ISBN-10: 1133435181  |  ISBN-13: 9781133435181
  • 736 Pages
  • © 2013 | Published
  • College Bookstore Wholesale Price = $214.75
  • Newer Edition Available
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Help students understand why financial markets exist, how financial institutions serve these markets, and what services those institutions offer with the solid conceptual framework in this best-selling finance text. Madura's leading FINANCIAL MARKETS AND INSTITUTIONS ABRIDGED 10E emphasizes securities traded by financial institutions and the scope of participation of those financial institutions within each market. This edition also focuses on the management, performance, and regulatory aspects of financial institutions and explores the functions of the Federal Reserve System, the major debt and equity security markets, and derivative security market. This edition places significant emphasis on current financial reform as updates throughout reflect the most recent financial changes, developments and trends in today's financial industry. Known for a solid, reader-friendly approach, author Jeff Madura blends a clear writing and contemporary coverage with hands-on learning applications such as Point/Counterpoint, "Using the Wall Street Journal," and new online research assignments. Timely examples further connect concepts to today's developments and financial trends. Each new copy of this edition includes a discount for Stock-Trak Global Portfolio Simulations Gold Service, the online trading simulation created specifically for classrooms that enables students to buy and sell stocks, bonds, mutual funds, options, future options, and more using hypothetical brokerage accounts.

Features and Benefits

  • RELEVANT EXAMPLES EMPHASIZE PRACTICAL APPLICATION. Examples reinforce key concepts and show students the practical applications of what they're learning.
  • "CREDIT CRISIS" TERM PAPER IDEAS PROVIDE MEANINGFUL CONTEXT. "Credit Crisis" term paper suggestions are at the end of Chapter 1 and provide an excellent opportunity for your students to apply key chapter concepts.
  • "USING THE WALL STREET JOURNAL" FEATURE HELPS STUDENTS TO ANALYZE FINANCIAL DATA. This feature reinforces your coverage of key topics while allowing students to evaluate real financial information.

Table of Contents

1. Role of Financial Markets and Institutions.
2. Determination of Interest Rates.
3. Structure of Interest Rates.
4. Functions of the Fed.
5. Monetary Policy.
6. Money Markets.
7. Bond Markets.
8. Bond Valuation and Risk.
9. Mortgage Markets.
10. Stock Offerings and Investor Monitoring.
11. Stock Valuation and Risk [available on the textbook companion site only].
12. Market Microstructure and Strategies [available on the textbook companion site only].
13. Financial Futures Markets.
14. Options Markets [available on the textbook companion site only].
15. Interest Rate Derivative Markets [available on the textbook companion site only].
16. Foreign Exchange Derivative Markets [available on the textbook companion site only].
17. Commercial Bank Operations.
18. Bank Regulation.
19. Bank Management.
20. Bank Performance.
21. Thrift Operations [available on the textbook companion site only].
22. Finance Company Operations [available on the textbook companion site only].
23. Mutual Fund Operations.
24. Securities Operations [available on the textbook companion site only].
25. Insurance and Pension Fund Operations [available on the textbook companion site only].
Appendix A: Comprehensive Project.
Appendix B: Using Excel to Conduct Analyses.

What's New

  • EMPHASIS ON FINANCIAL REFORM. This edition focuses on reform in the financial industry with new "financial reform" call-outs next to applicable content.
  • NEW "ONLINE ARTICLES" SECTION. Placed at the end of each chapter, these exercises help students to hone their research skills and to connect text concepts with current financial developments.
  • EXPANDED QUESTIONS AND APPLICATIONS. Most chapters have additional Questions and Applications so that students have more chances to apply concepts.
  • IMPROVED READABILITY. A fresh, new design improves readability and promotes student comprehension.


All supplements have been updated in coordination with the main title. Select the main title's "About" tab, then select "What's New" for updates specific to title's edition.

For more information about these supplements, or to obtain them, contact your Learning Consultant.

Instructor Supplements

Instructor's Resource CD-ROM  (ISBN-10: 1111527350 | ISBN-13: 9781111527358)

Find the time-saving resources you need all at your fingertips and all updated to reflect this edition's changes. The Instructor's Manual provides chapter outlines, summary of key concepts for discussion, and answers to Point-Counterpoint and end-of-chapter Questions and Problems. The Test Bank in Microsoft® Word contains multiple-choice and true/false questions and is also available in ExamView® format. PowerPoint® slides clarify content and guide student note-taking. An additional separate set of slides reinforces exhibits. Access and download all instructor resources from the text companion site [except the ExamView® Test Bank which is available on the IRCD only].

Meet the Author

Author Bio

Jeff Madura

Jeff Madura is Emeritus Professor of Finance at Florida Atlantic University. The recipient of multiple awards for excellence in teaching and research, Dr Madura has written several successful finance textbooks. His research on financial markets and institutions has been published in numerous journals, including Journal of Financial and Quantitative Analysis; Journal of Money, Credit and Banking; Financial Management; Journal of Financial Research; and Financial Review. Dr Madura has served as a consultant for international banks, securities firms and other multinational corporations. In addition, he is a former director of the Eastern Finance Association and a former director and president of the Southern Finance Association. He earned his BS and MA from Northern Illinois University and his DBA from Florida State University.