Financial Markets and Institutions (4th Edition) [Hardcover]

Frederic S. Mishkin (Author), Stanley G. Eakins (Author)

Book Description

ISBN-10: 020178565X | ISBN-13: 978-0201785654 | Publication Date: April 26, 2002 | Edition: 4

Mishkin/Eakins textbook's applied managerial perspective takes a practitioner's approach to the study of the structure, function, and management of financial markets and institutions. This substantially revised edition also showcases major new material incorporating the latest research and data in every part of the text, as well as new marginal Internet and end-of-chapter Web exercises.

Editorial Reviews

About the Author

Frederic S. Mishkin is the Alfred Lerner Professor of Banking and Financial Institutions at the Graduate School of Business at Columbia University. Since receiving his PhD from the Massachusetts Institute of Technology in 1976, he has taught at the University of Chicago, Northwestern University, Princeton University, and Columbia.

In addition to teaching, Mishkin is also a research associate at the National Bureau of Economic Research, a senior fellow at the FDIC Center for Banking Research, and president of the Eastern Economic Association. He is also the author of more than one hundred published articles and over ten textbooks. He is currently an academic consultant to and serves on the Economic Advisory Panel of the Federal Reserve Bank of New York.

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Stanley G. Eakins is the Associate Dean for the College of Business at East Carolina University. He received his PhD from Arizona State University and has served as vice president and comptroller for the First National Bank of Fairbanks.

A founder of the Denali Title and Escrow Agency and a contributor to journals such as the Quarterly Journal of Business and Economics and Journal of Financial Research, Professor Eakins is also the author of Finance: Institutions, Investments, and Management, Second Edition.
--This text refers to an alternate Hardcover edition.

Product Details

• Hardcover: 697 pages
• Publisher: Addison Wesley; 4 edition (April 26, 2002)
• Language: English
• ISBN-10: 020178565X
• ISBN-13: 978-0201785654
• Product Dimensions: 10.2 x 8.8 x 1.2 inches
• Shipping Weight: 3.5 pounds
• Average Customer Review: 3.4 out of 5 stars  See all reviews (18 customer reviews)
• Amazon Best Sellers Rank: #1,574,533 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

7 of 7 people found the following review helpful:

4.0 out of 5 stars Good start, December 3, 2003

By 

Tim Michael "tbmichael" (Houston, TX) - See all my reviews

This review is from: Financial Markets and Institutions (4th Edition) (Hardcover)

I've used some version of this book for many years now, and I've seen it evolve. I think, as other reviewers have said, that there are some simplified portions of the book, especially those parts dealing with monetary economics. There are other portions which lay out the principles as only these authors can, and those parts are extremely helpful and valuable. This book allows me to teach my notes and thoughts with a textbook serving as a reference and an introduction -- it doesn't get in my way, in other words. I use it along with several other texts, and I think it gets the job done. Students seem to like it as well, mainly for its clarity. For someone wanting to learn the basics, this is an excellent choice.

8 of 9 people found the following review helpful:

5.0 out of 5 stars Very good for first exposure to financial markets, December 9, 2003

By A Customer

This review is from: Financial Markets and Institutions (4th Edition) (Hardcover)

This book is not an advanced book on financial markets, but it is a good introductory book. I use this book for my undergraduate teaching. Both I and students are happy about the coverage of the book. It is well organized and well written. Improvements will be valuable in the derivatives markets and risk management areas.

14 of 20 people found the following review helpful:

2.0 out of 5 stars Too many errors of omission and commission for a second ed., June 28, 1999

By A Customer

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

Too many errors to be a useful text for a serious course in financial markets. Virtually ignores the market for mortgage backed securities. Ignores the interest on interest component of total return. Discussion of zeroes is muddled. Discussion of YTM is incomplete. Even the chapters on commercial banks and Fed policy contain the same old mistakes seen in most money and banking texts.