In Financial Markets and Institutions, best-selling authors Mishkin and Eakins provide a practical introduction to prepare students for today’s changing landscape of financial markets and institutions. A unifying framework uses a few core principles to organize students’ thinking then examines the models as real-world scenarios from a practitioner’s perspective. By analyzing these applications, students develop the critical-thinking and problem-solving skills necessary to respond to challenging situations in their future careers. The Sixth Edition features new quantitative examples and Excel^® screenshots to enhance student comprehension; enhanced coverage of ethics, behavioral finance, and arbitrage in markets; and additional examples and cases to extend theory into application.