Modern
Banking is a sequel to the highly successful Modern Banking in Theory and
Practice, first published in 1996. Over the last decade many aspects of banking
have changed considerably, though the key features that distinguish banks from
other financial institutions remain. Some might question the need for a book on
banking rather than one on financial institutions - while banks remain special
and unique to the financial sector, books need to be devoted to them.
Modern
Banking focuses on the theory and practice of banking, and its prospects in the
new millennium. The book is written for courses in banking and finance at
Masters/MBA level, or undergraduate degrees specialising in this area. Bank
practitioners wishing to deepen and broaden their understanding of banking
issues may also be attracted to this book. While they often have exceptional
and detailed knowledge of the areas they have worked in, busy bankers may be
all too unaware of the key broader issues. Consider the fundamental questions: What is unique about a bank? and What differentiates it from other financial institutions?Answering
these questions begins to show how banks should evolve and adapt - or fail. If
bankers know the underlying reasons for why profitable banks exist, it will help them to devise strategies for
sustained growth.
Modern
Banking concludes with a set of case studies that give practical insight into
the key issues covered in the book:
·
The core banking functions
·
Different types of banks and diversification of bank activities
·
Risk management: issues and techniques
·
Global regulation: Basel 1 and Basel 2.
·
Bank regulation in the UK, US, EU, and Japan
·
Banking in emerging markets
·
Bank failure and financial crises
·
Competitive issues, from cost efficiency to mergers and acquisitions
·
Case Studies including: Goldman Sachs, Bankers Trust/Deutsche Bank,
Sumitomo Mitsui, Bancomer
About the Author
Professor Shelagh Heffernan is currently
Professor of Banking and Finance at Cass Business School, City University,
London and has been a visiting Professor at several universities. Modern
Banking is her fourth book.
A former Commonwealth Scholar at Oxford University, Professor Heffernan is also a past beneficiary of a Leverhulme Trust Research Award, which funded new research on competition in banking, and recently received a second award from the Leverhulme Trust. She publishes in top academic journals - her paper, ‘How do UK Institutions Really Price their Banking Products?’ (Journal of Banking and Finance) was chosen as one of the top 50 published articles by Emerald Management Review.
Current research includes: SMEs and banking services, the conversion of mutuals to bank stock firms, monetary policy and pass through (funded by an ESRC grant), and M&As in banking. Professor Heffernan is an Associate Member of the Higher Education Academy and has received two Distinguished Teaching and Learning awards.
A former Commonwealth Scholar at Oxford University, Professor Heffernan is also a past beneficiary of a Leverhulme Trust Research Award, which funded new research on competition in banking, and recently received a second award from the Leverhulme Trust. She publishes in top academic journals - her paper, ‘How do UK Institutions Really Price their Banking Products?’ (Journal of Banking and Finance) was chosen as one of the top 50 published articles by Emerald Management Review.
Current research includes: SMEs and banking services, the conversion of mutuals to bank stock firms, monetary policy and pass through (funded by an ESRC grant), and M&As in banking. Professor Heffernan is an Associate Member of the Higher Education Academy and has received two Distinguished Teaching and Learning awards.
My opinion about this article :
Modern Banking focuses on the theory and practice of banking, and its
prospects in the new millennium. The book is written for courses in banking and
finance at Masters/MBA level, or undergraduate degrees specialising in this
area.
This article was taken from :
Modern
Banking is a sequel to the highly successful Modern Banking in Theory and
Practice, first published in 1996. Over the last decade many aspects of banking
have changed considerably, though the key features that distinguish banks from
other financial institutions remain. Some might question the need for a book on
banking rather than one on financial institutions - while banks remain special
and unique to the financial sector, books need to be devoted to them.
Modern
Banking focuses on the theory and practice of banking, and its prospects in the
new millennium. The book is written for courses in banking and finance at
Masters/MBA level, or undergraduate degrees specialising in this area. Bank
practitioners wishing to deepen and broaden their understanding of banking
issues may also be attracted to this book. While they often have exceptional
and detailed knowledge of the areas they have worked in, busy bankers may be
all too unaware of the key broader issues. Consider the fundamental questions: What is unique about a bank? and What differentiates it from other financial institutions?Answering
these questions begins to show how banks should evolve and adapt - or fail. If
bankers know the underlying reasons for why profitable banks exist, it will help them to devise strategies for
sustained growth.
Modern
Banking concludes with a set of case studies that give practical insight into
the key issues covered in the book:
·
The core banking functions
·
Different types of banks and diversification of bank activities
·
Risk management: issues and techniques
·
Global regulation: Basel 1 and Basel 2.
·
Bank regulation in the UK, US, EU, and Japan
·
Banking in emerging markets
·
Bank failure and financial crises
·
Competitive issues, from cost efficiency to mergers and acquisitions
·
Case Studies including: Goldman Sachs, Bankers Trust/Deutsche Bank,
Sumitomo Mitsui, Bancomer
About the Author
Professor Shelagh Heffernan is currently
Professor of Banking and Finance at Cass Business School, City University,
London and has been a visiting Professor at several universities. Modern
Banking is her fourth book.
A former Commonwealth Scholar at Oxford University, Professor Heffernan is also a past beneficiary of a Leverhulme Trust Research Award, which funded new research on competition in banking, and recently received a second award from the Leverhulme Trust. She publishes in top academic journals - her paper, ‘How do UK Institutions Really Price their Banking Products?’ (Journal of Banking and Finance) was chosen as one of the top 50 published articles by Emerald Management Review.
Current research includes: SMEs and banking services, the conversion of mutuals to bank stock firms, monetary policy and pass through (funded by an ESRC grant), and M&As in banking. Professor Heffernan is an Associate Member of the Higher Education Academy and has received two Distinguished Teaching and Learning awards.
A former Commonwealth Scholar at Oxford University, Professor Heffernan is also a past beneficiary of a Leverhulme Trust Research Award, which funded new research on competition in banking, and recently received a second award from the Leverhulme Trust. She publishes in top academic journals - her paper, ‘How do UK Institutions Really Price their Banking Products?’ (Journal of Banking and Finance) was chosen as one of the top 50 published articles by Emerald Management Review.
Current research includes: SMEs and banking services, the conversion of mutuals to bank stock firms, monetary policy and pass through (funded by an ESRC grant), and M&As in banking. Professor Heffernan is an Associate Member of the Higher Education Academy and has received two Distinguished Teaching and Learning awards.
My opinion about this article :
Modern Banking focuses on the theory and practice of banking, and its
prospects in the new millennium. The book is written for courses in banking and
finance at Masters/MBA level, or undergraduate degrees specialising in this
area.
This article was taken from :
CONCLUSIONS : In economics, particularly in financial economics, fractional-reserve
banking is the near-universal practice of banks of retaining only a
fraction of their deposits to satisfy demands for withdrawals, lending
the remainder at interest to obtain income that can be used to pay
interest to depositors and provide profits for the banks' owners.
Fractional-reserve banking allows for the possibility of a bank run in
which the depositors collectively attempt to withdraw more money than is
in the possession of the bank, leading to bankruptcy. It also increases
the money supply through a mechanism called the deposit creation
multiplier, explained below, which can lead to inflation if reserves are
too low. Most governments impose strictly-enforced reserve requirements
on banks, with the exact fraction of deposits that must be kept in
reserve generally set by a central bank.
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