Develop a clear understanding of why financial markets exist, how financial institutions serve these markets, and what services those institutions offer with Madura's best-selling FINANCIAL MARKETS AND INSTITUTIONS, 13E. Packed with today's real examples and practical applications, this engaging edition clarifies the management, performance, and regulatory aspects of financial institutions. You explore the functions of the Federal Reserve and its recent changes, major debt and equity security markets, and the derivative security markets. Expanded coverage now discusses stock valuation, market microstructure strategies, and liquidity in today's financial markets. In addition, new content examines current venture capital funds, private equity funds, and crowdfunding. Real examples connect concepts to financial trends with exercises specifically developed to strengthen your critical thinking and help you put theory into practice.
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