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Financial Markets and Institutions (4th Edition)

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Title: Financial Markets and Institutions (4th Edition)
by Frederic S. Mishkin, Stanley G. Eakins
ISBN: 0-201-78565-X
Publisher: Pearson Addison Wesley
Pub. Date: 26 April, 2002
Format: Hardcover
Volumes: 1
List Price(USD): $123.00
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Average Customer Rating: 3.6 (5 reviews)

Customer Reviews

Rating: 5
Summary: Very good for first exposure to financial markets
Comment: 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.

Rating: 4
Summary: Good start
Comment: 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.

Rating: 2
Summary: This book insults the intelligence of all but newcomers
Comment: 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.

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