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 11E emphasizes securities traded by financial institutions and the scope of participation of those financial institutions within each market. This text 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 text places significant emphasis on current reform with updates that reflect the most recent changes, developments, and trends in today's financial industry. Known for a solid, reader-friendly approach, author Jeff Madura blends clear writing and contemporary coverage with hands-on learning applications such as "Using the WALL STREET JOURNAL," and 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 worldwide that enables students to buy and sell stocks, bonds, mutual funds, options, future options, and more using hypothetical brokerage accounts.
