Product Description
The essential guide for finance professionals in all industries for quick answers to banking questions, Essentials of Banking provides a nuts and bolts presentation explaining the regulatory, business, and people facts of the business of banking in a handy, concise format. It is the only guide you will need containing all the relevant facts of banking, all in one place. ... Read more

Customer Reviews (3)

truly an introductory text.
This book is an ideal introduction to banking for those schools that give you a degree really fast (and leave you with a lot of debt and/ a questionable degree). This is also ideal for vocational high schools as well. If your looking for a book w/ a solid introduction to banking pass this and get ABA's "Principles of Banking" ISBN: 0899826024....

If you want a book to introduce to what banking is REALLY all about perhaps start w/ literature from find a good historical survey (i.e non partisan) about the Fed and their actions, read some Milton Friedman and supplement all this w/ Austrian School of Economics and the Chicago school of economics thought.

Disapointing
Disapointing. Not useful. Many other books explain far better the classic features of banking. The text explains only the qualitative aspects of banking, not the basic quantitative features of risk, interest rates and accountability.

A bit basic
Not too bad for a basic introduction to banking, particularly from a front line staff perspective.

Does not give too much detail into banking theory for management. ... Read more

Product Description
One of the foremost financial writers of his generation, Peter Bernstein has the unique ability to synthesize intellectual history and economics with the theory and practice of investment management. Now, with classic titles such as Economist on Wall Street, A Primer on Money, Banking, and Gold, and The Price of Prosperity—which have forewords by financial luminaries and new introductions by the author—you can enjoy some of the best of Bernstein in his earlier Wall Street days.

With the proliferation of financial instruments, new areas of instability, and innovative capital market strategies, many economists and investors have lost sight of the fundamentals of the financial system—its strengths as well as its weaknesses. A Primer on Money, Banking, and Gold takes you back to the beginning and sorts out all the pieces.

Peter Bernstein skillfully addresses how and why commercial banks lend and invest, where money comes from, how it moves from hand to hand, and the critical role of interest rates. He explores the Federal Reserve System and the consequences of the Fed's actions on the overall economy. But this book is not just about the past. Bernstein's novel perspective on gold and the dollar is critical for today's decision makers, as he provides extensive views on the future of money, banking, and gold in the world economy.

This illuminating story about the heart of our economic system is essential reading at a time when developments in finance are more important than ever. ... Read more

Customer Reviews (7)

lucid, comprehensive and charming
I took a couple of economics courses, but was never sure that I got the basics of monetary policies right. This book did what all those intersecting IS-LM lines and pages of mathematical calculations did not - it explained me what money is, how it is 'created', how gold-bond-currency are all interlinked in a larger monetary system, how banks play a role in mapping the course of economic growth and inflation. The book is an easy read, with lots of simple and historical examples. Now I think I can make more sense of the WSJ articles and CNBC commentaries. Highly recommend it if you want a solid primer on money and banking systems.

Great book on banking
I decided to read this book because I really enjoyed the author's other book The Price of Prosperity. This book did not disappoint. Even though some of the information is outdated, the basic structure of banking is still the same. In this book, the author explains the Federal Reserve, banks, customers and how they all interact with each other. The deposits that we put in the bank are used to make loans to other customers and businesses, but a certain portion must be deposited with the Fed. The Fed is the bank for the banks. I found this book a great read especially now when banks are facing tough times.

- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market

If you want to understand the Fed, read this book.
I was in the midst of studying monetary policy and the related Federal Reserve balance sheet when a good friend of mine suggested I read this book to further my understanding on the subject.Given that I really liked another book written by the author: Against the Gods: The Remarkable Story of Risk, I was very receptive to my friend's recommendation.The book did not disappoint.I was amazed how insightful this book is given it was written over 40 years ago.Obviously, many of the new monetary policy tools Bernanke created over the past year (credit facilities and related quantitative easing) did not exist at the time Bernstein wrote this book.But, it does not matter.Much of the interactions between the Federal Reserve and commercial banks has not changed that much.

Reading the Appendix first is a great way to start this book as it gives you a quick technical education on the workings of the Fed vs commercial banks.But, the remainder of the book is instrumental in fleshing out this initial understanding and giving it historical context from the 1930s to the 1960s.

Bernstein who spent two years as a researcher at the Fed has a rare insider knowledge of how that system works.Many of his insights are counterintuitive.He explains effortlessly how the Federal Reserve and commercial banking system interact.Thanks to him I now understand that the relationship between the Federal Reserve and banks is very similar to the one between banks and consumers.We have deposit accounts at banks that give us the necessary credits to withdraw cash from ATMs.Banks hold reserve deposits (credits) at the Fed that give them the right to withdraw currency.In the same manner that our cash withdrawals directly reduce our deposits by the same amount; banks currency withdrawals reduce their reserves at the Fed by the same amount.But, we are the ones who really drive bank currency withdrawals from the Fed.Banks withdraw cash from the Fed to meet the volume of our own ATM withdrawals.Bernstein explains how the Government has little control on how much cash we keep on hand and how much we deposit in banks.This is the main leak (customers holding cash) of the deposit-loan money creation system.

Whatever one would think is outdated within this book is very interesting from an historical standpoint.In Chapters 13 through 15 where he covers the economic history of the U.S. from 1938 to 1966 and the role of the Fed is really fascinating stuff.This book is a testimonyof economic history just like A Monetary History of the United States, 1867-1960 by Milton Friedman.

Great primer
This book was exactly what I was looking for as I tried to better understand what was going on with money supply in current environment.Sometimes "going back to basics" is exactly what you need to build the foundation for understanding the complex financial system we have today.Thank you for this book.

Classic, accessible primer on money
Peter L. Bernstein's classic, originally published in the mid-1960s, provides a learned, generally accessible explanation of the workings of the American monetary system. Of course, some of the information is quite out-of-date, but you'll understand that as you read. For example, the author speaks extensively about the importance of gold in international finance - yet gold has not really mattered since 1971. Moreover, the book came out before history taught the lessons of the 1970s, 1980s and 1990s, not to mention the financial crisis that began in 2008. Former Fed Chair Paul Volcker's foreword and Bernstein's new introduction acknowledge these time lags. The last quarter of the 20th century saw a very extensive reshaping of the financial system, including the creation of new financial entities and even new forms of money, so this primer is less useful and informative than it may have been when new. Nonetheless, getAbstract finds that Bernstein's explanation of the fundamental workings of the Federal Reserve and of the role of commercial banks in the monetary system remains lucid and well worth reading. ... Read more

Product Description
In recent years, monumental events have altered the financial landscape, and the investment banking industry has been likewise transformed.

In the United States, deregulation has permitted new affiliations among banks, securities firms, and insurance companies, allowing them to offer a broader range of services. At the same time, deregulation overseas has spurred investment in foreign markets and accelerated a sweeping trend toward globalization. On the other hand, corporate scandals like those at Enron and WorldCom have prompted Congress to impose stringent new regulations in an effort to restore public confidence in the capital markets. Meanwhile, advances in information technology have changed the way Wall Street firms present their products to the public and have made vast informational resources available online.

Investment banks must navigate the shifting regulatory terrain and counter mounting competition, while taking full advantage of burgeoning investment banking opportunities. In meeting these challenges, timely and accurate information is a critical asset.

In The Business of Investment Banking, Dr. K. Thomas Liaw provides an inclusive, up-to-date guide to the evolving investment banking industry. In this new edition, Dr. Liaw offers a substantial revision of his bestselling text, responding to requests from educators and professionals alike.

Incorporating the most recent developments in the industry, the author describes:

• Financial holding companies, full-service investment banks, boutique investment banks, and their lines of businesses
• Strategies for risk management, such as market risk, credit risk, operating risk, reputation risk, legal risk, and funding risk
• Career opportunities in investment banking, career paths, recruitment, and the application and interview process
• Key investment banking operations, including venture capital and buyouts, M&A services, equity underwriting, debt underwriting, securitization, financial engineering, investment management, and securities services
• Fundamentals for successful trading, arbitrage strategies, and technical trading techniques
• Regulatory issues and strategies relating to the Sarbanes-Oxley Act of 2002 and analyst conflict of interest
• Ethics and professionalism

In addition, Dr. Liaw discusses investment banking opportunities in China, Japan, the EMU, and emerging markets, as well as the special challenges that come with globalization.

A staple of industry training programs and a valued reference among banking professionals in its first edition, The Business of Investment Banking, Second Edition adds a wealth of new information to an already indispensable practical resource. ... Read more

Customer Reviews (22)

Excellent Book
This is a great book for those trying to undertstand what investment banking is all about. The author has made an excellent choice of various industries within IB and is very articulate. Some background knowledge on basic IB terms would help you get through the book much quicker. But it's extremely suited even for people who have no prior knowledge about IB. I loved it, even though a lot of facts in the book have changed since the AIG and Wall Street meltdown of 2008-09.

Not what it seems at first look
It's probably a good book for those who are freshmen on the topic and want a book easy to read. But it's unusefull if you want a more deep-through looking into the topic of investment banking.

The author remains too much time on laws, history, and so forth, and doesn't explain the key topics of banking. Good book if your research is about the history and legislation of capital markets.

"The Complete Guide to Capital Markets for Quantitative Professionals" is a much better book if you want to know terms such as dealers, underwriting, clearinhouses, and the basics of stock markets and bonds.

The Investment Banking Business
So far this is a great read... recommended for anyone either in or looking to get into the very exciting and highly lucrative business that is Investment Banking and Investment Finance.

Fair
I have 10+ years of experience in the space but still learned a few things.

With that said, it was not worth ~100 dollars. The book is overpriced, this is clear indication that there needs to be another book in the domain that delivers more value for a lover premium.

If you don't have a network in the IB/FS arena, then read this book, if you do, then have lunch with a few Managing Directors from the top 10 Firms and for ~200 dollars (the cost of a few lunches/breakfasts) you would have had four times the value.

Sounds like a good investment to me.

-Richie Etwaru

Super book for future Investment Bankers
Super book for future Investment Bankers. Has many good insides on the industry and a very practical and fun to read approach on the most relevant trends and mechanics in investment banking. As a student considering a careerwithin IB, this is a must read. ... Read more

Product Description
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

Customer Reviews (5)

A Review of opinions
banks are currently urging for a morgage tax, this to their credit, alows adjustemnt of their greed. Further A Federaly adjusted though state set Morgage tax alows the following, federal adminstration, state claim and federal assessemnt. the implications are that the federal, system, grants owners the land rights, thus may wave if apealed or impose a decision. Provided indeviduals seek to ask for a juries assessemnt of value.

Excellent overview
This is an excellent first retail banking book. It covers all the topics of banking business, going from banking terms through Basilea, banking crashes or even a few notes on credit management. It's a perfect book for those who want to go through the retail banking world, or those who want to unerstand how the retail banking works. An state-of-the art exposition!!!

Great reading for learning modern banking
This book is great reading for anyone in the financial world that needs to know how modern banking works. Great for professionals and students that need a real comprehensive view of international modern banking.

Comprehensive and updated
This book has been thought as a course manual, but it reads like a divulgative work on modern international and multinational banking. The numerous examples come from some of the big issues faced by different banks in different countries, and the open-minded approach of the author gives you the chance to easily grasp the big picture.

Great introduction into international banking
This book is an overview of the international banking industry. Instead of focusing on banking in a particular country, the author discussed general types of banks, banking services, banking regulations in different countries, ways how the regulations influence banking in countries with various types of economy and financial systems (USA, Britain, EU countries, Japan, emerging economies of Russia, China, Latin America and Islamic countries). The large part of the book is devoted to analysis of bank failures and survival of banks in financial crises. The book contains enormous amount of compressed material and real-world examples.

The book is written in clear language and can be read without prior knowledge in the field, except the chapter on the competitive issues in banking, which requires some understanding of basic methods of Econometrics. The book gives brief introduction into financial securities and derivatives, but some prior knowledge is preferable for better understanding of the material.

The book was written with the particular university course in mind, but the scope and depth of the presented material make it useful for anyone who wishes to broaden his understanding of international finance. ... Read more

Product Description
Integrating coverage of international financial markets and the global economy from the outset, MONEY, BANKING AND FINANCIAL MARKETS gives you a solid foundataion of the topics important to the twenty-first century world of money and banking. It is also the first and only text on the market to offer a fully-integrated program of accompanying online resources and multimedia tools to enhance your study of money and banking and help you prepare for tests. ... Read more

Customer Reviews (3)

This textbook is very unclear
This book is very vague. This book prefers to explore complex issues with the banking system then teach the basics that it is suppose to be teaching. Be careful if you are buying this book for a college class. The questions from the test banks that most professors use for their exams are very poorly worded. Many test question could have multiple answers but only one is scored as correct.

money, banking text book
This was a book for a summer finance course at USF. The book and teacher were both horrible, but cost less than at the book store.

A Gem
Excellent and brilliant book. I used it to successfully pass the Dantes Money and Banking exam. Amazingly, it's as thick as phone book, yet very easy to read. After completing a chapter, you just long for more. I recommend it. ... Read more

Product Description
A guide to banking and finance. This edition provides coverage of topics such as financial theory, central bank independence, the effect of credit availability on monetary policy, recent developments in macroeconomics, and the international monetary system. ... Read more

Product Description

Comprehensive and up-to-date introduction to the business of banking, with European and wider international examples, written by expert authors.

Customer Reviews (2)

Into to Banking
I was looking for a textbook to cover the very basics of banking, and this was an excellent choice.From how banks work, to interpreting their balance sheets, to regulation and trends impacting the banking industry, this book covers a lot of ground in a style that is easy to read.

A good introductory book for people who're interested in the banking sector.
The book "Introduction to Banking" is an extremely useful book for college students who wish to acquire the initial knowledge relating to the banking sector.
I am an English teacher in the financial sector in a foreign country and i've been using this book with my students to our full satisfaction.
I highly recommend it.
Leora Gesthalter ... Read more

Product Description
The Fourth Edition of The Law of Banking and Financial Institutions<\B> brings exciting renovations to a classic casebook. Comprehensive updating is just the beginning. The authors have expanded the old structure to include more coverage of non-bank financial institutions, such as insurance companies and mutual funds. Other topics have been reorganized to reflect modern trends. Visual aids virtual windows, for visual learners have been added to clarify concepts and reinforce text. And finally, engaging problem exercises have been added to create a more dynamic learning environment.

Tried-and-true features of The Law of Banking and Financial Institutions:

clear, concise explanations that simplify and clarify a complex field of law

lively and interesting note material and provocative discussion questions
careful selection and judicious editing of cases

fun problem sets, at graduating levels of difficulty, that reinforce concepts and give students practice applying law to specific facts

critical analysis of the unifying features of each topic from an economic perspective

complete, up-to-date, and detailed Teacher s Manual

Featured in the Fourth Edition:

coverage of non-bank financial institutions, such as insurance companies and mutual funds

expanded and updated treatment of bank/nonblank combinations under the Gramm-Leach-Bliley Act

unified organization of financial institutions, rather than focusing on depository institutions separately

generous use of tables to clarify concepts and promote understanding

additional problem sets that illustrate the application of the specific rules in each chapter, with answers in the Teacher s Manual

If you haven t seen the Fourth Edition, you haven t seen The Law of Banking and Financial Institutions. Come; take a look at the expanded coverage, updated organization, problem sets, examples, and visual aids that constitute an important renovation of this classic edifice. ... Read more

Customer Reviews (1)

Very satisfied!
I received the book within a week and the quality is good. I'll purchase from this seller again. ... Read more

Product Description
Introducing students who are new to banking its evolution, basic principles, and current issues, this text presents an overview of banking fundamentals, along with various issues and developments important in understanding the contemporary scene. This edition addresses particularly the influences of new technology and regulation in the areas of customer service, emerging technology and marketing. Additionally, the concept of a proactive bank employee with a customer service focus is a consistent theme througout the text. ... Read more

Customer Reviews (2)

Excellent starting point - by Jameson Thottam
Excellent for those entering the banking industry (e.g., I used this for when I entered IndyMac Bank). When I joined retail banking (previously only having worked in Investment Banking at Morgan Stanley) I was able to expand my knowledge on various areas of the retail banking beyond just what I-Banking had taught (e.g.,, valuation, SEC II & SEC III stat techniques, tax implications and flippying and insider trading tips of how to find/negotiate the best properties).

I think this book is an excellent read and suggest it for all looking at this field.

- Jameson Thottam

Excellent intro to banking
This is the text used by the American Bankers Assn. (ABA) to teach beginning bank personnel how banking works.My company, a large banking software company, also uses it to train new employees.

Only the 1stchapter is a sales pitch.The rest is easy to read, comprehensivepresentations of teller functions, payments, credit, reporting, businessbanking, marketing, history and current trends. ... Read more

Product Description
This book is not what you think."Vile Acts of Evil - Banking in America" does not discuss your bank's usurious interest rates or ridiculous fees - irritants you know too well - and the title reflects neither joke nor hyperbole. This is the story of money, greed, and power in America.If you dare continue, you will soon realize, that the vast underbelly of our American history - the recessions, depressions, panics, and wars - the enormous amount of needless human turmoil, suffering, and carnage - the millions of wasted lives over hundreds of years - are but byproducts of extremely wealthy bankers seeking further wealth - mere corporate externalities, not worthy of a bookkeeping entry.Truly, Vile Acts of Evil. ... Read more

Customer Reviews (38)

History Does Repeat Itself
Looking at the problems this country is facing in regards to the banking system and how the institutions have failed the public, I thought it was a problem that was being experienced for the first time.After reading this book I've learned that it isn't a new phenomena.The mishandling of America's money has been going on since the time of Benjamin Franklin and many times in the years since.

This book gives the reader an in depth look at the world of finance and it's history.I found it to be quite informative and I was quite surprised at how much I enjoyed reading it.I think that anyone who is interested or angered by the current state of bailouts and failing of financial institutions that have been around for ages, will definitely enjoy this book.

The Most Important Information You Need
Vile Acts of Evil - Banking in America is a book that will make you think.The book tells you from the beginning it will make you angry and it certainly does that.Vile Acts of Evil is about banking and about money too.In the beginning it starts as far back as the colonys.The book uses a unique technique of telling the story in large part with quotes.

In the colonial times some of the quotes were by Benjamine Franklin.Franklin's quotes tell the story of colonies that did not have poor.England had poor in the streets but not the colonies.Benjamine Franklin told people in England that the colonies printed more money when it was needed to pay workers.
The book goes on using quotes to tell how the revolution was really about money.England made the colonies stop using their money and borrow money from English banks.Through these descriptions and quotes we learn that the real culprit is interest.

Interest is compared to a plague.Even though it was almost eradicated on a national level several times it keeps coming back.The author makes assertive arguments that banks and influential families have many countries including the United States hostage.When ever the United States tried to get out from under interest the banks would tighten up the money supply until our country or others went back to the status quo.

It is interesting that Vile Acts of Evil makes believable assertions that we all owe interest.Even if we do not personally borrow from banks, we owe national interest.Every man, woman, and child owes interest every year.All our nation is able to pay is the interest.If you follow that reasoning through you will realize that everything here is owned by banks and influential families.

The story being told in quotes by everyone from Presidents to legislator to bankers to other authors gives the book a special feel to it.It gives the book the feeling of authenticity from the beginning.I also like the chronology of the book from colonial times to now with little extra bits of information along the way.When the book said it was going to make you angry it certainly fulfilled that promise.Anyone interested in money, banking, and wealth will love having this book in their library.

Very Informative!! WOW!!
"Vile Acts of Evil: Volume 1 Banking in America" by Michael Kirchubel --WOW!!If your interested in the banking world at all you will want to read this book. You will be shocked and amazed with the information (researched and backed up) that is in this book.The Government has a hold on everyone, EVERYONE, no age limit.The in's and out's that are made the twist's and turns that are made in the financial world will blow your mind.The Financial Institutions are no better than Politicians, they are able to make deals just like the Politicians do. America--you have to admit is greedy.Everyone, of course is out to make a buck, but where does it stop?Vile Acts of Evil has been well written, and has alot of information in it. Take your time and soak it all in and then tell your friends to go buy it. Very intriguing and informative.

Banking and Economy...
I can honestly say that I was surprised by how interesting and captivating this book is.I didn't think I would like it as much as I did but I found that the author did an excellent job in explainging how our banking system was created and how it has been used.He did an excellent job in including examples from our leaders of the past, and making them relevant to the situation we are currently facing.I think everyone who is interested in finance should read this book.I was surprised to learn that situation we find ourselves in now, isn't new, just the most recent example of how poor management can lead to devastation for some people.This book flows extremely well and before you know it you are done.

Back to the Mattresses
I always like a book that takes me by surprise and this one certainly did.I'm not sure if it was the way the author Michael A. Kirchubel exposes the corruption of the banking industry that surprised me or the fact that I was naive enough to think the financial institutions in America were actually on the side of the working class.It certainly is not all the glamour and hype I would have expected to see working in the financial world.Instead, you will read about the corruption and the underhandedness which is raw and detailed in this book titled "Vile Acts of Evil: Volume 1 Banking in America".

It has been this way for many, many years, yet the working class has always been held with their feet to the fire on their obligations.To read the difference when it pertained to the ones with money and how the other cheek was turned was frustrating.It made me want to withdraw my savings and put it back under my mattress so at least I knew where my money was if I wanted it.The author does a great job bringing out this information and providing the education to everyone, if you want to open your eyes to it.Take a chance and read it.Discover the financial side of America.
... Read more

Product Description
This book is not what you think."Vile Acts of Evil - Banking in America" does not discuss your bank's usurious interest rates or ridiculous fees - irritants you know too well - and the title reflects neither joke nor hyperbole. This is the story of money, greed, and power in America.If you dare continue, you will soon realize, that the vast underbelly of our American history - the recessions, depressions, panics, and wars - the enormous amount of needless human turmoil, suffering, and carnage - the millions of wasted lives over hundreds of years - are but byproducts of extremely wealthy bankers seeking further wealth - mere corporate externalities, not worthy of a bookkeeping entry.Truly, Vile Acts of Evil. ... Read more

Customer Reviews (38)

History Does Repeat Itself
Looking at the problems this country is facing in regards to the banking system and how the institutions have failed the public, I thought it was a problem that was being experienced for the first time.After reading this book I've learned that it isn't a new phenomena.The mishandling of America's money has been going on since the time of Benjamin Franklin and many times in the years since.

This book gives the reader an in depth look at the world of finance and it's history.I found it to be quite informative and I was quite surprised at how much I enjoyed reading it.I think that anyone who is interested or angered by the current state of bailouts and failing of financial institutions that have been around for ages, will definitely enjoy this book.

The Most Important Information You Need
Vile Acts of Evil - Banking in America is a book that will make you think.The book tells you from the beginning it will make you angry and it certainly does that.Vile Acts of Evil is about banking and about money too.In the beginning it starts as far back as the colonys.The book uses a unique technique of telling the story in large part with quotes.

In the colonial times some of the quotes were by Benjamine Franklin.Franklin's quotes tell the story of colonies that did not have poor.England had poor in the streets but not the colonies.Benjamine Franklin told people in England that the colonies printed more money when it was needed to pay workers.
The book goes on using quotes to tell how the revolution was really about money.England made the colonies stop using their money and borrow money from English banks.Through these descriptions and quotes we learn that the real culprit is interest.

Interest is compared to a plague.Even though it was almost eradicated on a national level several times it keeps coming back.The author makes assertive arguments that banks and influential families have many countries including the United States hostage.When ever the United States tried to get out from under interest the banks would tighten up the money supply until our country or others went back to the status quo.

It is interesting that Vile Acts of Evil makes believable assertions that we all owe interest.Even if we do not personally borrow from banks, we owe national interest.Every man, woman, and child owes interest every year.All our nation is able to pay is the interest.If you follow that reasoning through you will realize that everything here is owned by banks and influential families.

The story being told in quotes by everyone from Presidents to legislator to bankers to other authors gives the book a special feel to it.It gives the book the feeling of authenticity from the beginning.I also like the chronology of the book from colonial times to now with little extra bits of information along the way.When the book said it was going to make you angry it certainly fulfilled that promise.Anyone interested in money, banking, and wealth will love having this book in their library.

Very Informative!! WOW!!
"Vile Acts of Evil: Volume 1 Banking in America" by Michael Kirchubel --WOW!!If your interested in the banking world at all you will want to read this book. You will be shocked and amazed with the information (researched and backed up) that is in this book.The Government has a hold on everyone, EVERYONE, no age limit.The in's and out's that are made the twist's and turns that are made in the financial world will blow your mind.The Financial Institutions are no better than Politicians, they are able to make deals just like the Politicians do. America--you have to admit is greedy.Everyone, of course is out to make a buck, but where does it stop?Vile Acts of Evil has been well written, and has alot of information in it. Take your time and soak it all in and then tell your friends to go buy it. Very intriguing and informative.

Banking and Economy...
I can honestly say that I was surprised by how interesting and captivating this book is.I didn't think I would like it as much as I did but I found that the author did an excellent job in explainging how our banking system was created and how it has been used.He did an excellent job in including examples from our leaders of the past, and making them relevant to the situation we are currently facing.I think everyone who is interested in finance should read this book.I was surprised to learn that situation we find ourselves in now, isn't new, just the most recent example of how poor management can lead to devastation for some people.This book flows extremely well and before you know it you are done.

Back to the Mattresses
I always like a book that takes me by surprise and this one certainly did.I'm not sure if it was the way the author Michael A. Kirchubel exposes the corruption of the banking industry that surprised me or the fact that I was naive enough to think the financial institutions in America were actually on the side of the working class.It certainly is not all the glamour and hype I would have expected to see working in the financial world.Instead, you will read about the corruption and the underhandedness which is raw and detailed in this book titled "Vile Acts of Evil: Volume 1 Banking in America".

It has been this way for many, many years, yet the working class has always been held with their feet to the fire on their obligations.To read the difference when it pertained to the ones with money and how the other cheek was turned was frustrating.It made me want to withdraw my savings and put it back under my mattress so at least I knew where my money was if I wanted it.The author does a great job bringing out this information and providing the education to everyone, if you want to open your eyes to it.Take a chance and read it.Discover the financial side of America.
... Read more

Product Description

Product Description

Customer Reviews (1)

Exactly What You Would Expect
The product came in brand new with the MyEcon Lab wrapped with it with no problems.The book itself is straightforward for an introduction to money and finance, but a good one nonetheless. ... Read more

Product Description
The turmoil in financial markets that resulted from the 2007 subprime mortgage crisis in the United States indicates the need to dramatically transform regulation and supervision of financial institutions. Would these institutions have been sounder if the 2004 Revised Framework on International Convergence of Capital Measurement and Capital Standards (Basel II accord) negotiated between 1999 and 2004 had already been fully implemented? Basel II represents a dramatic change in capital regulation of large banks in the countries represented on the Basel Committee on Banking Supervision: Its internal ratings-based approaches to capital regulation will allow large banks to use their own credit risk models to set minimum capital requirements. The Basel Committee itself implicitly acknowledged in spring 2008 that the revised framework would not have been adequate to contain the risks exposed by the subprime crisis and needed strengthening. This crisis has highlighted two more basic questions about Basel II: One, is the method of capital regulation incorporated in the revised framework fundamentally misguided? Two, even if the basic Basel II approach has promise as a paradigm for domestic regulation, is the effort at extensive international harmonization of capital rules and supervisory practice useful and appropriate? This book provides the answers. It evaluates Basel II as a bank regulatory paradigm and as an international arrangement, considers some possible alternatives, and recommends significant changes in the arrangement. ... Read more

Customer Reviews (1)

A scholarly examination of the recent events in the world market such as the 2007 Subprime Mortgage Crisis
For every effect, there is a cause. "Banking on Basel: The Future of International Financial Regulation" is a scholarly examination of the recent events in the world market such as the 2007 Subprime Mortgage Crisis. Discussing the role of regulation in these events, some of the international regulations that have been laid down in recent years and how they have been improved, and how they can be improved in the future, it's everything one needs to know to accurately evaluate today's world market. Enhanced with plenty of charts, graphs, and indexes, "Banking on Basel" is a must for any economist who doesn't fully understand Basel and its consequences.
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Product Description
This book was written to provide a straightforward approach to understanding international banking. It covers all the traditional course topics: credit analysis, electronic banking, the Eurobond market, debt crisis, and international supervision, while also providing a solid grounding in the history of banking and its influences on modern practices. Throughout the text the authors continually convey the message that international banking is a dynamic business, in which change is a constant feature. ... Read more

Customer Reviews (1)

Easy reading
This book was great because it read like a novel.It contained a wealth of knowledge while being easily accessable.Two mistakes in the first couple of pages caused some hesitation in granting 5 stars.
P.29 refers to the "Norin Chunkin Bank" however there is no 'n' in the word "Chukin".
P. 40 refers to the "Sumitomo Mitsubishi Banking Corporation" however the bank resulting from the merger of Sumitomo and Sakura is "Sumitomo Mitsui Banking Corporation" ... Read more

Product Description
This is a revision of the business of global banking. With the increased globalization of the world economy few sectors are the equal of banking and financial services in dynamism or structural change. Roy C. Smith and Ingo Walter assess this transformation-its causes, its course and its consequences. They begon by examining international commercial banking, including the issue of cross-border risk evaluation and exposure management, and the creation of a viable regulatory framework in a global competitive context. hey then undertake a parallel assessment of international investment banking, linking the two by means of a bridge chapter. Finally, they focus on the factors that determine winners and losers in these markets and explore the problems of strategic position and execution. ... Read more

Customer Reviews (3)

So, you want to be a Banking Expert? ALWAYS: Ingo Walter
I have met Ingo Walters in 1988 when he gave a brilliant talk to hundreds of CEOs form the Banking Industry in Europe. Everyone was amazed at how brilliant Ingo was. He is an authentic expert in European and US Banking. In his book "Global Banking" any serious student or better yet Strategic Management Consultant can learn Operations, Strategy, IT, Treasury, and Risk Management from different parts of the world. Highly recommended for Upper Management and CEOs of Regional Banks who need a pathway to easily transition into being a World Player. Learn through this book what the Managing-Directors at McKinsey, Bain, BCG, etc., would tell you for over 1 million dollars.

a so so book of the past from big name professors
a banking book covers subjects ok for yester-decade

Great Book on Global Banking
A great book. Exciting to read, clearly written and full of practical insights into global banking.Discusses tenable strategies for financial firms world-wide and contains insights that are difficult to find anywhereelse.The authors taught a course based on this book at INSEAD and thebook retains the liveliness and rigor of that excellent course.

A mustbuy for anyone connected with or interested in the structure and strategiesof global finance firms. ... Read more

Product Description
This revised and updated edition of The Economics of Banking addresses the need for a user-friendly textbook that is mathematically accessible and provides a microeconomic context, which enables students to understand and analyse contemporary trends and operations in banking.

Providing a sound theoretical basis for understanding bank behaviour, The Economics of Banking is essential for final year undergraduate and postgraduate students taking courses in banking.

FEATURES OF THE NEW EDITION
* Greater emphasis is provided on risk management with an extended chapter dealing with trading risk and recent developments in bank book risk management.
* A new chapter has been added on assessing bank competition and the competitive nature of the banking market.
* New material has been added on bank performance including: benchmarking, efficiency analysis and modelling of bank cost functions.
* Coverage of bank and financial regulation has been significantly updated with more extensive discussion of Basel 2 and operational risk.
* More rigour has been added to the chapter on international banking and more discussion about the future of retail banking is included in the introductory chapter.
* New material has been added in selected chapters examining the global credit crunch of 2007/8 and the Northern Rock bank crisis in the UK. ... Read more

Product Description
Cecchetti & Schoenholtz Money, Banking, and Financial Markets, 3rd edition offers a fresh, modern, and more student-friendly approach. Students will find the material relevant and interesting because of the book’s unique emphasis on the Five Core Principles, the early introduction of risk, and an integrated global perspective. By focusing on the big picture via core principles, Cecchetti & Schoenholtz teaches students the rationale for financial rules and institutional structure so that even when the financial system evolves, students’ knowledge will not be out of date.

The worldwide financial crisis of 2007‐2009 was the most severe since that of the 1930s, and the recession that followed was the most widespread and costly since the Great Depression. Around the world, it cost tens of millions of workers their jobs. In the United States, millions of families lost their homes and their wealth. To stem the crisis, governments and central banks took aggressive and, in many ways, unprecedented actions. As a result, change will be sweeping through the world of banking and financial markets for years to come. Just as the crisis is transforming the financial system and government policy, it is transforming the study of money and banking. Against this background, students who memorize the operational details of today’s financial system are investing in a short‐lived asset. Cecchetti & Schoenholtz Money, Banking, and Financial Markets, 3e focuses on the basic functions served by the financial system while deemphasizing its current structure and rules. Learning the economic rationale behind current financial tools, rules, and structures is much more valuable than concentrating on the tools, rules, and structures themselves. Students will gain the ability to understand and evaluate whatever financial innovations and developments they confront. ... Read more

Customer Reviews (9)

Good Boof for the Price
This book was needed for school and the price was great, wayyy cheaper than buying it from the school and about the same price for renting it. It was in great condition and I can see why the teacher choose this book. It really does help one understand the finance world and it helps that it shows how to use the calculator to solve the math problems.

Great Seller!
I was very happy with my textbook.It was in like new condition just like the seller advertized.Shipping was also really fast!!I would buy from this seller again.

Class Book Review
The book is easy to follow and presents the information in a clear and concise manner.

Study Guide to accompany Money, Banking and Financial Markets
This study guide is a complete joke.The book this study guide is for doesn't get in-depth with calculations so the study guide is written with very few practice problems because there is nothing to practice.All the study guide does is give summary explanations of the chapters.If you read the chapter and go to class you wont even open the book and the book store will only pay $8 for it.I wouldn't even recommend buying the book this study guide is for either.

Weird...
This book came in on time but, the book itslef is out of the ordinary.
The begining of the book start on the back cover upside down....never seen anything like this before. ... Read more

Product Description
With over 5,100 entries on all aspects of finance and banking, this fully updated reference is definitely a worthwhile investment. Over 200 new entries have been added to this edition and it has been fully updated to reflect recent developments such as structured finance and the subprime lending crisis. The dictionary defines terms from personal and international finance--including money markets, private investments and borrowing, foreign exchanges, and public and government finance--and now offers expanded coverage of central banking, monetary policy, and financial institutions. Feature entries have been included in this edition for the fuller explanation of topical and complex areas, e.g. Financial Times Share Indexes, and bankruptcy law. Recommended up-to-date web links for many entries, accessed via the Dictionary of Finance and Banking companion website, provide valuable extra information that will be regularly updated. With clear and accessible definitions, this jargon-free dictionary is a perfect companion volume to the other financial titles in this best-selling series--A Dictionary of Business and Management, A Dictionary of Accounting, and A Dictionary of Economics--and provides accurate and valuable information for students, practitioners, private investors, and readers of the financial pages alike. ... Read more

Customer Reviews (1)

easily understood
Although the books does not clover everything and lacks a several important entries in the investment field, but it is really very easy to understand. ... Read more