Financial Markets and Institutions (8th Edition) (Pearson Series in Finance) (.PDF) File

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Financial Markets and Institutions (8th Edition) (Pearson Series in Finance) in PDF

Download Here : Financial Markets and Institutions (8th Edition) (Pearson Series in Finance) by Mishkin, Frederic S., Eakins, Stanley (Hardcover).pdf

Financial Markets and Institutions by Mishkin provide a simple understanding of how financial markets work. The book starts out by describing what exactly financial markets are. Then it goes on to describe various models used in analyzing financial markets and how they fit into a macroscopic view of the world. The main thesis of the text is that financial markets have an effect on all other economic factors. Financial markets include financial instruments such as equities, derivatives, mutual funds, banks, bonds, money market funds, mortgage-backed securities, and commercial paper. The author rightly claims, "The study of the world economy will always be incomplete without the study of financial markets."

The book proceeds to describe various models used to represent different financial instruments. It then goes into explanations of why financial markets are important, the benefits they provide to society, and how they affect other economic factors. A clear division between fiscal and non-financial institutions arises in the final chapter. The financial institutions help support the nation by lending money and conducting banking activities. Financial institutions by definition also engage in fiscal activities, but the emphasis in the book is on how they are different from traditional business establishments.

I found that the book was not very technical and the explanations were easy to understand. The book contains numerous appendices that go into more depth about various topics such as historical charts, illustrations, and appendices that discuss some important indicators related to the financial markets. Financial markets and institutions by Mishkin provide one interesting way of thinking about the interrelations of financial markets and institutions. The book has many applicable lessons that can be implemented by both financial economists and policy makers.