Jesús Huerta de Soto, " Money, Bank Credit, and Economic Cycles"

Such a book as this comes along only once every several generations: a complete comprehensive treatise on economic theory. It is sweeping, revolutionary, and devastating--not only the most extended elucidation of Austrian business cycle theory to ever appear in print but also a decisive vindication of the Misesian-Rothbardian perspective on money, banking, and the law.

Jörg Guido Hülsmann has said that this is the most significant work on money and banking to appear since 1912, when Mises's own book was published and changed the way all economists thought about the subject.


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Joël Bessis, " Risk Management in Banking"

Fully revised and updated from the highly successful previous edition, Risk Managment in Banking 2nd Edition covers all aspects of risk management, shedding light on the extensive new developments in the field. There is a new emphasis on current practice, as well as in-depth analysis of the latest in research and techniques. This edition has been expanded to include an in-depth discussion of credit risk models, asset and liability management, credit valuation, risk-based capital, VAR, loan portfolio management, fund transer pricing and capital allocation. Quantitative material is presented in more detail and the scope of the book has been expanded to include investment banking and other financial services.


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Frank Skinner, "Pricing and Hedging Interest and Credit Risk Sensitive Instruments"

This book is tightly focused on the pricing and hedging of fixed income securities and their derivatives. It is targeted at those who are interested in trading these instruments in an investment bank, but is also useful for those responsible for monitoring compliance of the traders such as regulators, back office staff, middle and senior lever managers.

To broaden its appeal, this book lowers the barriers to learning by keeping math to a minimum and by illustrating concepts through detailed numerical examples using Excel workbooks/spreadsheets on a CD with the book. On the accompanying CD with the book, three interest rate models are illustrated: Ho and Lee, constant volatility and Black Derman and Toy, along with two evolutionary models, Vasicek and CIR and two credit risk models, Jarrow and Turnbull and Duffie and Singleton. These are implemented via spreadsheets on the CD.

* Starts at an introductory level and then develops advanced topics
* Provides plenty of numerical examples rather than mathematical equations to aid full understanding of the strengths and weaknesses of all interest rate derivative models
* Can be used for self-study - a complete book on the topic, which includes examples with answers


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Brian Kettell, "Economics for Financial Markets (Quantitative Finance)"

Successful trading, speculating or simply making informed decisions about financial markets means it is essential to have a firm grasp of economics. Financial market behaviour revolves around economic concepts, however the majority of economic textbooks do not tell the full story.

To fully understand the behaviour of financial markets it is essential to have a model that enables new information to be absorbed and analysed with some predictive implications. That model is provided by the business cycle.

'Economics for Financial Markets' takes the reader from the basics of financial market valuation to a more sophisticated understanding of the actions that traders take which ultimately drives the volatility in the financial markets.

The author shows traders, investment managers, risk managers and finance professionals how to distil the flow of information and show what needs to be concentrated on, covering topics such as:

* Why are financial markets subject to economic fashions?
* How has the New Economy changed financial market behaviour?
* Does the creation of the euro fundamentally change the behaviour of the currency markets?

Shows how to distil the vast amount of information in financial markets and identify what is important
Demonstrates how the "New Economy" had changed financial market behaviour
Explains how to follow the behaviour of central banks


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Moorad Choudhry, "Advanced Fixed Income Analysis"

Review
An eagerly anticipated work that enables us to benefit from the author's knowledge and expertise as a practitioner and lecturer. Those of us involved in fixed income analytics will gain a great deal from reading this work.
-- Rod Pienaar, Corporate and Investment Banking, Deutsche Bank

Moorad Choudhry shows yet again why he is regarded so highly in the markets, tackling difficult issues such as yield curve analysis and making them accessible to us all.
-- Aaron Nematnejad, Bloomberg L.P.


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James R. Barth, Gerard Caprio, Ross Levine , "Rethinking Bank Regulation: Till Angels Govern"

This volume assembles and presents a new database on bank regulation in over 150 countries (included also on CD). It offers the first comprehensive cross-country assessment of the impact of bank regulation on the operation of banks, and assesses the validity of the Basel Committees influential approach to bank regulation. The treatment also provides an empirical evaluation of the historic debate about the proper role of government in the economy by studying bank regulation and analyzes the role of politics in determining regulatory approaches to banking. The data also indicate that restrictions on the entry of new banks, government ownership of banks, and restrictions on bank activities hurt banking system performance. The authors find that domestic political factors shape both regulations and their effectiveness.


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Benton E. Gup, " Bank Failures in the Major Trading Countries of the World: Causes and Remedies"

Bank failures, near failures, and crises are common throughout the world, and particularly in the major G-10 trading countries, including the United States, Germany, and Japan. But equally common are the bailouts by national governments, when they perceive that bank failure will result in severe economic distress. Gup examines these events, focusing on happenings in the particularly volatile years since 1980, and finds that nonperforming real estate loans, even more than fraud, are the primary cause. His wide-ranging investigation casts doubt on the effectiveness of bank regulation and makes clear that with globalization and emerging technologies, change in regulatory methods is needed. This book is essential for scholars, students as well as professionals in international banking, finance, investment, and world trade.


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Hoyt Barber, "Tax Havens Today The Benefits and Pitfalls of Banking and Investing Offshore"

Filled with in-depth insight and expert advice, Tax Havens Today arms you with the knowledge, strategies, and contacts needed to avoid expensive mistakes and make the most of your offshore endeavors. Divided into four comprehensive parts, this timely resource will bring you completely up to speed on a variety of issues that anyone aspiring to go offshore must be familiar with.


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William Oliver Coleman, "The Causes, Costs, and Compensations of Inflation: An Investigation of Three Problems in Monetary Theory"

`William Coleman's book offers a highly original and insightful discussion of the state of modern monetary theory. Professor Coleman covers difficult issues with a lightness of touch that makes for a very readable discussion. It will benefit students as well as professional economists and policymakers.'
- Kevin Dowd, University of Nottingham, UK

This book explores the causes, costs and benefits of inflation. It argues that while the cause of inflation is essentially monetary, the costs and benefits of inflation lie in inflation's distortion of the economy's responses to real shocks.

The book begins by securing the Quantity Theory of Money from certain critiques. The theory is defended from the `fiscal theory of the price level' by a refinement of the theory of money demand, and from post Keynesianism by the construction of a theory of the supply of inside money. To cope with the endogeneity of outside money, a simple and tractable neo-Wicksellian theory of inflation is advanced, which is shown to exhibit a striking homology with the Quantity Theory. The author then traces the costliness of inflation, not to any disturbance of the money market, but to the damage inflation does to the bond market's function of sharing out disturbances to consumption caused by technological shocks. The same damage, however, imparts an egalitarian dynamic to accumulation that produces a convergence in the wealth of economic interests, which will not occur without risky inflation.

The Causes, Costs and Compensations of Inflation will be of great interest to central bankers, researchers in monetary economics, and both post-graduate and undergraduate students in macroeconomics, money and banking.


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Economics of Money, Banking, and Financial Markets by Frederic S. Mishkin

Just wonderful text on money! Heavily indexed to the World Wide Web, and current as yesterday! Clear and easy to understand yet presented at a level to interest even the expert!

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The Economics of Banking by Kent Matthews , John Thompson

The Economics of Banking describes and explains trends and operations in banking within an accessible microeconomic framework. It incorporates theory with the practical aspects of banking so as to set banking within the economics paradigm. A primary section on trends within banking leads on to chapters on the microeconomics of banking, market structure and regulation. The overall objective is to provide a mathematically accessible microeconomic context that will help students understand and analyze trends and operations in banking.

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