Financial Institutions, Markets, and Money [Hardcover]

David S. Kidwell (Author), Richard L. Peterson (Author), David W. Blackwell (Author), David A. Whidbee (Author)

Book Description

Publication Date: December 26, 2002 | ISBN-10: 0471270881 | ISBN-13: 978-0471270881 | Edition: 8

This book's descriptive, balanced overview of the U.S. financial system, its primary institutions and markets, coupled with an introduction to international markets, creates a presentation truly reflective of today's global marketplace. Offers comprehensive coverage of financial institutions and markets and includes coverage of the latest topics and trends in the industry, including electronic banking, electronic trading, and global market interactions.

Editorial Reviews

From the Back Cover

Ever wonder how interest rates are determined?

Would you like to know how to read actual financial data?

Want to know what makes the financial sector really tick?

 You’ll find answers to these questions and more in Kidwell, Blackwell, Whidbee, and Peterson’s Ninth Edition of Financial Institutions, Markets, and Money. Featuring a strong emphasis on fundamental concepts and how things really work in a market context, these four expert authors present a balanced, up-to-date overview of the U.S. financial system and its primary institutions and markets, coupled with an introduction to international markets.

Examine the financial system from a real-world perspective.

Now revised and updated, this Ninth Edition reflects recent events and trends in the financial system. The new edition includes even more real-world, hands-on examples, as well as new “In Practice” boxes, which describe important issues and trends in business practice. You’ll also learn how to read and interpret actual financial data.

Take a balanced look at institutions and markets.

The authors present balanced coverage of the U.S. financial system with strong emphasis on both institutions and markets. Throughout, they take a free-market approach to the analysis of economic, market, and regulatory issues.

Understand how the material relates to your life and career.

Financial Institutions, Markets, and Money, Ninth Edition is written specifically for students. The authors have a knack for explaining difficult concepts in an intuitive manner, without watering the material down. In addition, there are a number of examples related to the types of finance transactions that young professionals face, such as buying and financing a home or determining the rate of return on an investment. --This text refers to an out of print or unavailable edition of this title.

About the Author

Dr. David S. Kidwell is the Dean and Professor of Finance at the Curtis L. Carlson School of Management at the University of Minnesota. He holds an undergraduate degree in mechanical engineering from California State University at San Diego, and MBS from California State University at San Francisco, and a Ph.D. in finance from the University of Oregon.
Dr. Kidwell's previous position was Dean of the School of Business Administration at the University of Connecticut. Prior to joining the University of Connecticut, he held endowed Charis in banking and finance at Tulane University, the University of Tennessee, and Texas Tech University. He was also on the faculty at the Krannert Graduate School of Management, Purdue University, where he was twice voted the outstanding undergraduate teacher of the year award for the School of Business.
Dean Kidwell has been a management consultant for Coopers & Lybrand and a sales engineer for Bethlehem Steel Corporation. He is an expert on the U.S. financial system and is the author of over eight articles dealing with the U.S. financial system and capital markets. Dean Kidwell has participated in a number of research grants funded by the National Science Foundation to study the efficiency of U.S. capital markets, and to study the impact of government regulations upon the delivery of consumer financial services.
Dean Kidwell currently serves on the Boards of Schwan's Sales Enterprises, Minnesota Life Insurance Company, the Stonier Graduate School of Banking and the Minnesota Center for Corporate Responsibility. He is Secretary -Treasurer of the Board of Directors of AACSB, the International Association for Management Education. He is past member of the Boards of the Minnesota Council for Quality and Minnegasco, past Chairman of the University of Minnesota's Community Campaign Drive, and served as an Examiner for the 1995 Education Pilot Program, Malcolm Baldridge National Quality Award.

Richard L. Peterson was the "High Scholarship Graduate in Economics" from Iowa State University in 1962, and received a Ph.D. in Economics from the University of Michigan in 1966. Subsequently, he taught economics at Southern Methodist University, was a financial economist on the staff of the Board of Governors of the Federal Reserve System, and served as the Associate Director of Purdue University's Credit Research Center before joining Texas Tech University in 1982 as a Professor of Finance and holder of the I. Wylie and Elizabeth Briscoe Chair of Bank Management. He has taught at numerous schools in the U.S. and abroad for domestic and international financial institution executives and has consulted for Dun and Bradstreet, Chemical Bank, Citicorp, and the National Second Mortgage Association. He has served as an expert witness for law firms representing the FDIC in savings and loan litigation, in New York Stock Exchange arbitration hearings, and in other matters.
In addition to Financial, Institutions, Markets, and Money, he has written a book titled The REAL Social Security Problem and has published numerous papers. His papers have appeared in the Journal of Money, Credit and Banking; Journal of Finance; Journal of Financial and Quantitative Analysis; Journal of Financial Research; Journal of Financial Services Research; Journal of Futures Markets; Bell Journal of Economics; Quarterly Journal of Economics; Journal of Macroeconomics; American Banker; Banker's Magazine; and numerous other publications. He also has presented papers at numerous academic meetings and at conferences sponsored by Federal Reserve Banks and Federal Home Loan Banks, and he participated in the American Assembly's comprehensive study of the U.S. financial system and its regulation.
He received Texas Tech's President's Excellence in Teaching Award in 1989 and its Academic Achievement Award in 1992. He retired from Texas Tech after completing this edition of financial Institutions, markets, and Money, but he remains active in practical finance as a writer of tracts on financial and economic policy issues and as an investor in real estate, stocks, bonds, futures, and options.

David W. Blackwell is a consultant in the PricewaterhouseCoopers Financial Advisory Services practice. He joined PricewaterhouseCoopers after a 13-year academic career as a Finance professor, having served on the faculties of the University of Georgia, the University of Houston, and Emory University. His areas of expertise include securities underwriting, corporate finance, commercial bank management, and executive compensation. He has authored or co-authored 16 publications in the areas of corporate finance and the management of financial institutions. His publications have appeared in the leading scholarly journals of Finance and Accounting such as Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Financial Management, Journal of Financial Research, Journal of Accounting Research, and Journal of Accounting and Economics.
Dave currently consults on a broad range of litigation matters including securities, breach of contract, and intellectual property infringement cases. He has also consulted on matters involving corporate governance and executive compensation. In addition, Dave has delivered executive education seminars in corporate finance and management of financial institutions for IBM, Kaiser Permanente, Chemical Bank, Southwire Company, Georgia Bankers Association, Warsaw Institute of Banking, Bratislava Institute of Banking, and the People's Construction Bank of China (PRC).
Dave earned his Ph.D. in Finance in 1986 and his BS in Economics in 1981, both from the University of Tennessee, Knoxville. He currently serves as the President of the Southern Finance Association and is an Associate Editor of the Journal of Financial Research. --This text refers to an out of print or unavailable edition of this title.

Product Details

• Hardcover: 704 pages
• Publisher: Wiley; 8 edition (December 26, 2002)
• Language: English
• ISBN-10: 0471270881
• ISBN-13: 978-0471270881
• Product Dimensions: 9.8 x 8.7 x 1.3 inches
• Shipping Weight: 3.2 pounds
• Average Customer Review: 4.0 out of 5 stars  See all reviews (6 customer reviews)
• Amazon Best Sellers Rank: #1,399,842 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

8 of 11 people found the following review helpful:

4.0 out of 5 stars A good starting point for business and finance students, March 27, 2001

By 

Ang Kor Lin - See all my reviews

This review is from: Financial Institutions Markets and Money (The Dryden Press series in finance) (Hardcover)

This book is updated to the latest development in financial market, institutions and structure.

It concisely presented the money and capital markets with a touch of history and functionality.

I particularly like the balanced view of the authors in their presentations. It successfully illustrates the functional as well as risk consideration of the markets and institutions.

This book should serve well for student studying in domestic financial market and also as a bridging link to international financial system.

2 of 3 people found the following review helpful:

5.0 out of 5 stars Great, well-organized, November 6, 2006

By 

Takehiko Watanabe (Japan) - See all my reviews
(REAL NAME)   

This review is from: Study Guide to accompany Financial Institutions, Markets and Money, 9th Edition (Paperback)

This study guide is quite useful for a student studying finance first time.

2.0 out of 5 stars Difficult read for entire class, December 19, 2011

By 

drew - See all my reviews

Amazon Verified Purchase

This review is from: Financial Institutions, Markets, and Money (Hardcover)

My class had the tenth edition of this text. Most of my finance class did not like the structure of the book. Formulas are directly in text instead highlighted in their own spots. You really have to dig to find information. Some complex formulas only have a single example, which can lead to problems if something is not understood. The entire class had a difficult time calculating Value At Risk "VAR" because the example in the book was unclear and it was the only one. After the class voiced their opinion the professor said he will shop for a new text for his next class. If you're just trying to learn for yourself it is a decent read. If you need to be exam ready for the material within, I suggest a supplemental text. I found that my "Fundamentals of Investments valuation and management 6 ed by Jordan, Miller, and Dolvin" text to help tremendously with my studies for this course even though it was a required text for another finance class.