Banking Books

Book SynopsisHans Keiding is Professor of Economics at the University of Copenhagen, Denmark.Trade Review"Combining rigour, accessibility and application, Keiding's Economics of Banking forms a solid basis for studying financial intermediation and its regulation at the graduate level. The text is much-needed at a time when this topic has become more important than ever." Alex Trew, University of St Andrews, UK "This is the book I have been looking for. Aimed at advanced economics students and covering a broad set of themes that are relevant for practice, the book is well suited as a core text for a banking course." Asbjorn Rodseth, University of Oslo, NorwayTable of Contents1. Why are there Banks? 2. The Business Lines of a Bank 3. Basic Concepts of Risk Management 4. Market Risk and Value at Risk Analysis 5. The Loan Contract 6. Credit Rationing 7. Credit Risk 8. Securitization and Shadow Banking 9. Investment Banking and Corporate Finance 10. Payments 11. Competition and Risk Taking 12. Irregularities in the Banking Sector 13. Operational Risk 14. Liquidity Shocks, Bank Runs and the Interbank Market 15. Deposit Insurance 16. Lenders of Last Resort and Central Banks 17. Reorganization of Banks 18. Capital Regulation and the Basel Accords References Index.

Read more less

Book Synopsis

Read more less

Book Synopsis

Read more less

Book SynopsisBankers in Japan and China are masters of accounting, not risk management, and American-style rescue packages won't solve their banking crises. Cleaning up balance sheets and purging non-performing loans won't work either, say Arayama and Mourdoukoutas. The problem goes deeper. It stems from high growth environments and tight government regulation. The result has been to limit competition in Japan and eliminate it in China. And that led to the control of management behavior, which weakened incentives for Japanese and Chinese bank decision-makers to manage, hands-on, their traditional and nontraditional banking risks. Adding to the problem is rationed credit, reflecting MITI and MOF priorities in Japan and those set by the central planning authorities in China. Japanese bankers have been turned into experts on the abacus, the ancient calculator, but they have little experience with or understanding of the other more important aspects of the banking enterprise. Arayama and Mourdoukoutas lay it all out in a challenging, provocative, readable study and analysis. It is an essential resource for academicians and policymakers in business, government, and international finance and investment.Arayama and Mourdoukoutas make it clear that Japanese and Chinese bankers must learn how to behave as for-profit institutions, where managers are accountable to the owners and other stakeholders. Second, they must be freed from government directives (in China) and guidance (in Japan) that control their day-to-day operations, and which restrict freedom to develop new products and businesses. Third, Japanese and Chinese bank managers must learn to act as true bankers. They must learn how to manage credit risk and function as public trading corporations. They must also learn how to deal with transparency and full disclosure rules and regulations, just as their Western counterparts must and do. In other words, say the authors, bank managers must escape the abacus mentality and learn how to use their brains rather than their fingers... and that may take much longer than anxious Western observers would have expected.Table of ContentsBeyond Nonperforming Assets: Abacus Banking The Rise and Fall of Abacus Banking and the Banking Crisis in Japan The Rise of Abacus Banking in Japan The Fall of Abacus Banking in Japan The Banking Crisis The Rise and Fall of Abacus Banking and the Looming Banking Crisis in China The Rise of Abacus Banking in China The Fall of Abacus Banking in China The Looming Banking Crisis in China Conclusions

Read more less

Book SynopsisThe Wealth of Nations, is the magnum opus of the Scottish economist and moral philosopher Adam Smith. First published in 1776, the book offers one of the world''s first collected descriptions of what builds nations'' wealth, and is today a fundamental work in classical economics. By reflecting upon the economics at the beginning of the Industrial Revolution, the book touches upon such broad topics as the division of labour, productivity, and free markets.The Wealth of Nations is considered to be the most important substantive proposition in all of economics and a foundation of resource-allocation theory. It is that, under competition, owners of resources (labour, land, and capital) will use them most profitably, resulting in an equal rate of return in equilibrium for all uses. With more than 36,000 scholarly citations, Smith''s work is the second most cited book in the social sciences published before 1950, behind Karl Marx''s Das Kapital.This case laminate collector''s edition includes a Victorian inspired dust-jacket.

Read more less

Book SynopsisThe dramatic story of the last fifty years of the Speyer banking dynasty, a Jewish family of German descent, is surprisingly little known today, yet at the turn of the 20th century, Speyer was the third largest investment banking firm in the United States, behind only Morgan and Kuhn, Loeb. It had branches in London, Frankfurt and New York, and the projects it financed included the Southern Pacific Railroad, the London Underground and the infrastructure of the new Cuban republic. Later, it was the first major banking firm to finance Germany's Weimar Republic, as well as providing League of Nations loans to Hungary, Greece and Bulgaria. Yet, the firm was doomed by the nationalist passions aroused by World War I. Its English partner was denaturalised and exiled; its American partner enjoyed reduced standing because of his connection to Germany; and the Frankfurt branch closed with the coming of the Third Reich, its German partner fleeing into exile. The firm was dissolved in 1939, a surprisingly anticlimactic end to one of the great international banking companies of modern times. George W. Liebmann here tells the story of the firm and the family - shedding new light on the protagonists of a remarkable dynasty, who came undone in the dramatic years of the early 20th century.Table of ContentsIntroduction Early Days ENGLAND The London Tube / English Philanthropy / The House of Music / The Scott Expeditions / Leonora / Influence on the Liberal Party / Anti-Germanism and Its Consequences AMERICA Mediation Efforts / Ellin / U.S. Railway Promotions / Cuban Loans / Philippine Railroads / Mexican Railroads / Brazilian Loans / Industrial and Municipal Investments GERMANY Rehabilitating Central Europe / Last Days in Germany Epilogue: James Speyer Kronthal

Read more less

Book Synopsis​Our money system is a toxic left-over from a time when theft on a grand scale – war and empire-building – was glorified. Today, we need to move on from a system that allows and encourages the worst in us (and the worst among us) to prosper. We take the money system for granted. » We accept that banks have the right to create, rent out and then destroy money. » We accept that banks have a right to charge us (and our government) interest on this money. » We accept that the system enhances inequality, drives climate change, degrades our planet, promotes war and conflict, and has always led to eventual disaster. But why do we accept this manifestly undemocratic money system, which serves only to concentrate power and wealth in the hands of organisations and individuals that have profit – not our collective interests – at heart? Curious to find the answer, researcher and writer Ivo Mosley set out to uncover – and tell – the story of how money-creation works and how it came to be this way. Many years in the writing, this book is not an attack on individuals or a rant against bankers. Rather it’s a remarkably clear and comprehensive examination of a system that supports unaccountable and destructive power. It also points the way to the simple reforms that are necessary if we wish to create a more just and equitable world. Easily accessible to readers with no previous knowledge of economics and finance, this is a book for anyone interested in creating a fairer and more sustainable society in the face of economic, financial and environmental crisis.Table of ContentsIntroduction CHAPTER ONE: The Money Supply CHAPTER TWO: Laws That Make Robbery Legal CHAPTER THREE: How Money Works Today: A Quick Summary CHAPTER FOUR: Early Days CHAPTER FIVE: Bubbles and Adam Smith CHAPTER SIX: America, Won and Lost CHAPTER SEVEN: Secrets, Ignorance and Lies CHAPTER EIGHT: Negotiable Debt: A Bit of History CHAPTER NINE: Reform Bibliography Appendix 1: Sir John Holt’s remarks on promissory notes Appendix 2: Extract from The Promissory Notes Act, 1704 Glossary Index

Read more less