Hudgins Sylvia | Rose Peter: Upravljanje bankama i financijske usluge (8.izd)

Peter Rose, Sylvia Hudgins: Bank Management and Financial Services(8th ed)

As this book enters its eighth edition, the world as we know it is changing rapidly and, in some cases, threateningly. Financial companies and the services they offer are becoming increasingly internationalized and most financial service providers are growing in size and complexity.

The textbook Management of Banks and Financial Services provides an analysis of a wide range of financial services and institutions, whether they are among the giants or among the smaller providers. It is designed to help all levels of readers, from students to experienced managers i.e. bankers, develop and perfect management skills and to help them face complex issues such as risk, regulation, technology and competition, which bankers and managers of other financial services see as their greatest present and future challenges.

The eighth edition discusses the major changes and events that are reshaping banking and financial services today. Among the key events and recent trends in the text appear:

New reflections on the effort by US and foreign governments to “bail out” the financial institutions sector using tools that include:

- buying “bad” assets

- raising deposit insurance coverage

- providing capital to absorb the often huge financial losses experienced by many banks and other financial service providers

- strengthening the regulatory power of key sovereigns agency.

An extended look at ethics in the financial sector with more examples of recent ethical dilemmas.

A detailed look at America's central bank, the Federal Reserve System, how it successfully dealt with the 9/11 terrorist attacks, and how it calmed the anxious mortgage market amid a weakened economy.

A look at the subprime crisis and its impact on financial market conditions and the economy.

Analysis investment bank Bear Stearns and other companies (such as Countrywide Mortgage) that were victims of the last credit crisis of 2001-2008 and showed again that even the largest financial institutions are fallible: in this case by trading heavily in the subprime mortgage market.

Increased recognition of the many (and growing) types of risk that surround and threaten the financial system, and an explanation of how risk can be measured and managed manage.

Exploring new financial instruments and their impact, including mortgage options, trust preferred securities, exchange-traded funds and spread notes.