Master financial markets and institutions with the 13th Edition of this acclaimed textbook. “Financial Markets and Institutions” by Madura provides a comprehensive overview of why financial markets operate, the crucial role of financial institutions, and the services they provide. This edition is enriched with current real-world examples and practical applications, offering clear insights into the management, performance, and regulation of financial institutions. Delve into the Federal Reserve System, debt and equity markets, and derivative security markets. Explore updated topics like stock valuation, market microstructure, liquidity, and emerging funding sources like crowdfunding. Enhanced with MindTap digital learning tools, including an integrated eBook, Excel Online, and Aplia homework, this book is your essential guide to understanding today’s dynamic financial landscape. Perfect for students and professionals seeking a robust foundation.