Financial Institutions, Markets, and Money / Edition 12

by David S. Kidwell, David W. Blackwell, David A. Whidbee, Richard W. Sias

Overview

Kidwell's Financial Institutions 12^th Edition provides a balanced introduction to the operation, mechanics, and structure of the U.S. financial system, emphasizing its institutions, markets, and financial instruments. The text analyzes complex topics in a clear and concise fashion with an emphasis on "Real World" data, and people and event boxes, as well as personal finance examples to help retain topical interest.

Each author brings something unique to this new edition. David Kidwell, formerly Dean of the Carlson School of Business, is a gifted storyteller with a keen insight on what it takes to reach readers. He is also currently writing a Corporate Finance text and is Chair of the Finance department at Texas A&M University.

Product Details

ISBN-13:	9781119330363
Publisher:	Wiley
Publication date:	10/31/2016
Edition description:	New Edition
Product dimensions:	6.00(w) x 1.25(h) x 9.00(d)

About the Author

Dr. David S. Kidwell is the Dean and Professor of Finance at the Curtis L. Carlson School of Management at the University of Minnesota. He holds an undergraduate degree in mechanical engineering from California State University at San Diego, and MBS from California State University at San Francisco, and a Ph.D. in finance from the University of Oregon.
Dr. Kidwell's previous position was Dean of the School of Business Administration at the University of Connecticut. Prior to joining the University of Connecticut, he held endowed Charis in banking and finance at Tulane University, the University of Tennessee, and Texas Tech University. He was also on the faculty at the Krannert Graduate School of Management, Purdue University, where he was twice voted the outstanding undergraduate teacher of the year award for the School of Business.
Dean Kidwell has been a management consultant for Coopers & Lybrand and a sales engineer for Bethlehem Steel Corporation. He is an expert on the U.S. financial system and is the author of over eight articles dealing with the U.S. financial system and capital markets. Dean Kidwell has participated in a number of research grants funded by the National Science Foundation to study the efficiency of U.S. capital markets, and to study the impact of government regulations upon the delivery of consumer financial services.
Dean Kidwell currently serves on the Boards of Schwan's Sales Enterprises, Minnesota Life Insurance Company, the Stonier Graduate School of Banking and the Minnesota Center for Corporate Responsibility. He is Secretary -Treasurer of the Board of Directors of AACSB, the International Association for Management Education. He is past member of the Boards of the Minnesota Council for Quality and Minnegasco, past Chairman of the University of Minnesota's Community Campaign Drive, and served as an Examiner for the 1995 Education Pilot Program, Malcolm Baldridge National Quality Award.

Richard L. Peterson was the "High Scholarship Graduate in Economics" from Iowa State University in 1962, and received a Ph.D. in Economics from the University of Michigan in 1966. Subsequently, he taught economics at Southern Methodist University, was a financial economist on the staff of the Board of Governors of the Federal Reserve System, and served as the Associate Director of Purdue University's Credit Research Center before joining Texas Tech University in 1982 as a Professor of Finance and holder of the I. Wylie and Elizabeth Briscoe Chair of Bank Management. He has taught at numerous schools in the U.S. and abroad for domestic and international financial institution executives and has consulted for Dun and Bradstreet, Chemical Bank, Citicorp, and the National Second Mortgage Association. He has served as an expert witness for law firms representing the FDIC in savings and loan litigation, in New York Stock Exchange arbitration hearings, and in other matters.
In addition to Financial, Institutions, Markets, and Money, he has written a book titled The REAL Social Security Problem and has published numerous papers. His papers have appeared in the Journal of Money, Credit and Banking; Journal of Finance; Journal of Financial and Quantitative Analysis; Journal of Financial Research; Journal of Financial Services Research; Journal of Futures Markets; Bell Journal of Economics; Quarterly Journal of Economics; Journal of Macroeconomics; American Banker; Banker's Magazine; and numerous other publications. He also has presented papers at numerous academic meetings and at conferences sponsored by Federal Reserve Banks and Federal Home Loan Banks, and he participated in the American Assembly's comprehensive study of the U.S. financial system and its regulation.
He received Texas Tech's President's Excellence in Teaching Award in 1989 and its Academic Achievement Award in 1992. He retired from Texas Tech after completing this edition of financial Institutions, markets, and Money, but he remains active in practical finance as a writer of tracts on financial and economic policy issues and as an investor in real estate, stocks, bonds, futures, and options.

David W. Blackwell is a consultant in the PricewaterhouseCoopers Financial Advisory Services practice. He joined PricewaterhouseCoopers after a 13-year academic career as a Finance professor, having served on the faculties of the University of Georgia, the University of Houston, and Emory University. His areas of expertise include securities underwriting, corporate finance, commercial bank management, and executive compensation. He has authored or co-authored 16 publications in the areas of corporate finance and the management of financial institutions. His publications have appeared in the leading scholarly journals of Finance and Accounting such as Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Financial Management, Journal of Financial Research, Journal of Accounting Research, and Journal of Accounting and Economics.
Dave currently consults on a broad range of litigation matters including securities, breach of contract, and intellectual property infringement cases. He has also consulted on matters involving corporate governance and executive compensation. In addition, Dave has delivered executive education seminars in corporate finance and management of financial institutions for IBM, Kaiser Permanente, Chemical Bank, Southwire Company, Georgia Bankers Association, Warsaw Institute of Banking, Bratislava Institute of Banking, and the People's Construction Bank of China (PRC).
Dave earned his Ph.D. in Finance in 1986 and his BS in Economics in 1981, both from the University of Tennessee, Knoxville. He currently serves as the President of the Southern Finance Association and is an Associate Editor of the Journal of Financial Research.

Table of Contents

PART I. THE FINANCIAL SYSTEM.

1. The Financial System: Money and Prices.

2. An Overview of Financial Institutions.

3. Fundamentals of Financial Markets.

PART II. HOW INTEREST RATES ARE DETERMINED.

4. Bond Prices, Bond Yields, and Interest Rate Risk.

5. The Level of Interest Rates.

6. The Structure of Interest Rates.

7. The Federal Reserve, Monetary Policy, and Interest Rates.

PART III. FINANCIAL MARKETS.

8. Fixed Income Markets.

9. Markets for Equity Securities.

10. Mortgage Markets.

11. Futures, Forward, Swaps, and Option Markets.

12. International Exchange and Credit Markets - Introduction.

PART IV. COMMERCIAL BANKING.

13. Commercial Bank Operations.

14. Bank Management and Profitability.

15. International Banking.

16. Regulation of Financial Institutions.

PART V. FINANCIAL INSTITUTIONS.

17. Thrift Institutions and Mortgage Banking.

18. Finance Companies and Credit Unions.

19. Investment Banks, Venture Capitalists, and Hedge Funds.

20. Insurance Companies and Pension Funds.

21. Financial Conglomerates and Investment Companies.

PART VI. THE FUTURE OF THE FINANCIAL SYSTEM.

22. Looking Ahead.