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Financial Markets and Institutions
Financial Markets and Institutions

Hardcover
Edition: 2nd
Author: Frederic S. Mishkin, Stanley G. Eakins
Publisher: Addison Wesley Longman
Release Date: 1998-01-15
ISBN-10: 0321014650
ISBN-13: 9780321014658
List Price: $109.00
Average Customer Rating:
Score = 3.0 Score = 3.0 Score = 3.0 Score = 3.0 Score = 3.0
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Summaries and Customer Reviews are supplied by Amazon.com

Summary:
The six parts of this text cover: Introduction, Principles of financial markets, Financial markets, The financial institutions industry, The management of financial institutions and Central banking and the conduct of monetary policy. DLC: Financial institutions - U.S.

Customer Reviews
Average Customer Rating: Score = 3.0 Score = 3.0 Score = 3.0 Score = 3.0 Score = 3.0

Subprime Loan Crisis
Customer Rating:  Score = 1 Score = 1 Score = 1 Score = 1 Score = 1
This book which I purchased new from Amazon is missing pages 297-344. If I tried to understand the hot topic in all of finance right now I'd be up a creek because the publisher didn't feel I should have the tools to learn about it. Ridiculous for a book in its fifth edition.

Very good for first exposure to financial markets
Customer Rating:  Score = 5 Score = 5 Score = 5 Score = 5 Score = 5
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.

Good start
Customer Rating:  Score = 4 Score = 4 Score = 4 Score = 4 Score = 4
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.

This book insults the intelligence of all but newcomers
Customer Rating:  Score = 2 Score = 2 Score = 2 Score = 2 Score = 2
Although this might be a perfect book for those looking for simplicity, I would not advise it to anybody with previous exposure to finance.
The book is a way too simple, and reveals huge ignorance on the markets outside the US.
I think the book is very much a benchmark to reveal ignorant finance - teachers.

Too many errors of omission and commission for a second ed.
Customer Rating:  Score = 2 Score = 2 Score = 2 Score = 2 Score = 2
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.

























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