2 of 2 people found the following review helpful
A Worthy Read/Study,
This review is from: Introduction to Banking (Paperback)
This book carefully and clearly explains what banking is, the different types of banks including central banks; characteristics of banking in different regions around the world; and various banking practices and instruments e.g. repos, syndicated loans etc. Where the book really comes into its own, I think, is in showing how a bank's balance sheet works and then outlining the various risks that a bank needs to manage and how banks manage risk.
This is the theory. As we've seen from the recent crisis (and many others before) the profit motive raised to the power of the greed factor and then multiplied by callous regulation gets in the way of proper banking. Every day it seems there's an article in a newspaper somewhere in the (developed) world of a bank on the brink. It's easy to be perplexed about what's going on. How can you have an opinion when you don't understand what a bank should be doing in the first place? That is where this book comes in. Good for both students and the layperson.