FINANCIAL INSTITUTIONS, MARKETS, AND MONEY, ELEVENTH EDITION INTERNATIONAL STUDENT VERSION

Kidwell's Financial Institutions 11th Edition presents a balanced introduction to the operation, mechanics, and structure of the U.S. financial system, emphasizing its institutions, markets, and financial instruments. The text discusses complex topics in a clear and concise fashion with an emphasis on real-world data, global events, and personal finance examples to help retain topical interest. The authors stress fundamental concepts with an emphasis on understanding how things work in the real world. The text aptures the vibrancy and excitement created by the dramatic changes taking place in the U.S. financial system.


In the eleventh edition, Special attention is given to the Federal Reserve System and its conduct of monetary policy. The authors also stress the risks that the financial institutions face (i.e. interest rate risk, credit risk, liquidity risk, foreign exchange risk) and how they can manage those risks in financial markets. Furthermore, the authors recognize the impact that technology and globalization have on the operations and structure of the financial system. The book is also written with a strong historical perspective with attention given to the historical development of financial institutions and markets with discussion of important historical events.
• "Real World" Data: emphasis on how to read and interpret financial data. The book's web presence was also enhanced to include updates and annotated references• Rewritten Chapter: Notation used in the formulas within Chapter 5: "Bond Pricing and Interest Rate Risk" have been simplified and the treatment of yield and return measures have been revised • Personal Finance Examples are used where appropriate to make the material more interesting, easier to understand, and relevant • Updated and Revised Exhibits: All of the book's exhibits have been updated and revised; tables, charts, and graphs have been simplified to better explain what it is they should be taking away • Thoroughly revised and Updated "People & Events" Boxes: Now include more up-to-date industry applications of the concepts described in the chapters • Substantially Revised Chapter 12 "International Markets" to reflect the many changes associated with the continuing consolidation of the European economy.
• Comprehensive coverage of financial institutions and markets, including the latest topics and trends in the industry, including electronic banking, and global market interactions• Chapter Previews and Learning Objectives to motivate student interest and alert the student to the key elements • "Do You Understand?" questions test students' understanding of key material• Chapter Take-Aways present a bulleted list of the most important concepts the students should take away from the chapter • People & Event boxes relate to hot topics in the field and chapter learning objectives.• Internet Exercise directs students to websites from which they can obtain additional information or analyze data that illustrates key points