This compendium provides a comprehensive overview of the most important topics covered in a corporate finance course at the Bachelor, Master or MBA level. The intension is to supplement renowned corporate finance textbooks such as Brealey, Myers and Allen’s “ Corporate Finance”, Damodaran’s “Corporate Finance – Theory and Practice”, and Ross, Westerfield and J…
This book has been written for business owners and managers who want to refine the accounting and financial operations of their companies. It provides detailed information about how to run these operations, track cash flows, conduct analyses, analyze key financial information, create a corporate risk management strategy, and manage tax liabilities—in short, all of the key accounting and finan…
Tins is an unconventional book practical rather than theoretical. The methods of financing foreign trade described in it may not follow exactly the ordinary accepted rules laid down by writers on economics, but they are those to which the importer and exporter have to conform when seeking financial facilities from bankers. " If you would only tell us how you do the business, and what it…
The Asian financial crisis of 1997-98 is now seen as one of the most significant economic events in recent world history. The crisis began in early July 1997, when the Thai baht was floated, and spread into a virulent contagion—leaping from Thailand to South Korea, Indonesia, the Philippines, and Malaysia. It led to severe currency depreciations and an economic recession that threatened to er…
In today’s healthcare environment, where financial realities play an important role in business decision making, it is vital that managers at all levels under- stand the basic concepts of healthcare finance and how these concepts are used to enhance the financial well-being of the organization. In this chapter, we introduce readers to the book, including its goals and organization. Fur- th…
The idea is to provide the necessary theory on a "need-to-know" basis. In this way, readers who choose not to cover the continuous pricing theory, for example, need not deal with matters related to continuous probability. The book is organized as follows. The first chapter is devoted to the elements of discrete probability. The discussion includes such topics as random variables, independe…
The problems with banker incentives are complex, but few could argue that those who received substantial bonuses at the end of 2006 and 2007 always acted in the interests of their share- holders. In the wider world, senior bankers created a very volatile and fragile financial system that was on the verge of breaking down, saved only by generous handouts from various central banks. An accountant…
The majority of mitigation potential lies in developing countries: Of the 17 billion tonnes of emissions reductions required in 2020, 70% is achievable in developing countries (Project Catalyst, 2009)2. Given the limited ability of developing countries to finance domestic mitigation, this will therefore require large scale financing from developed countries to allow developing countries to mee…
The purpose of this book is to supply, in a form suitable for lay- men, guidance in the adoption and execution of an investment pol- icy. Comparatively little will be said here about the technique of analyzing securities; attention will be paid chiefly to investment principles and investors’ attitudes. We shall, however, provide a number of condensed comparisons of specific securities—chief…
Students have a natural interest in money, banking, and financial markets, and instructors have felt the buzz around their money and banking courses rise dramatically in recent years. Students of business and economics come to class perplexed by the financial crisis of 2007–2009, the deep recession, and the controversies about how the government and Federal Reserve responded and should respon…
Arecent and expanding literature establishes the importance of financial development for economic growth.1 Measures of the size of the banking sector and the size and liquidity of the stock market are highly correlated with subsequent GDP per capita growth. Moreover, emerging evidence suggests that both the level of banking sector development and stock market development exert a causal impact o…
I taught Money & Banking and International Finance several times, and I converted my lecture notes into a textbook. Consequently, instructors can use this textbook for courses in Money & Banking, or International Finance or some hybrid in between them. Furthermore, financial analysts and economists could refer to this book as a study guide because this book contains concise information, and all…
This paper offers a comprehensive comparison of the structure of banking and financial markets in the euro area. Based on this, several hypotheses about the role of banks in monetary policy transmission are developed. Many of the predictions that have been proposed for the U.S. are deemed unlikely to apply in Europe. Testing these hypotheses we find that monetary policy does alter bank loan sup…
The European financial landscape has changed dramatically over the last couple of years and the pace of change appears to have moved into a higher gear with the establishment of Economic and Monetary Union (EMU). However, although EMU and the introduction of the euro have played a pivotal role in the changes the European financial system has been undergoing, a host of other factors can be ident…
There is a widespread view that the Credit Crunch of 2007-9 was, in part, a result of insufficient reach of regulation and that a solution is to take existing regulation and spread it more comprehensively across more institutions and jurisdictions. That would be an incorrect diagnosis. At the heart of the crisis were highly regu- lated institutions in regulated jurisdictions. The crisis has inv…
This book has been written for people whose first language is not English, and who need to use English in the context of banking and finance. It covers language useful for working in retail banking, company finance departments and other situations involving financial transactions. There is a strong focus on the language needed to communicate on financial topics, discuss financial problems and p…