From the athenian tetradrachm to the Euro

studies in european monetary integration

With the introduction of the Euro much recent attention has been focused on the role of currencies and their national and international significance. Whilst much has been made of the Euro's achievements in harmonising Europe's financial dealings, it is often forgotten that it ...

New financial instruments and institutions

opportunitoes and policy challenges

Japan's financial institutions and instruments are closely related to the United States model. In both countries, new financial instruments, such as structured financial products and exchange-traded funds (ETFs), and new financial institutions - which include hedge funds and private equity funds - present opportunities as well ...

Money and payments in theory and practice

International in scope and written by a leading young Post-Keynesian economist, this book focuses on the working of money and payments in a multi-bank settlement system within which banks and non-bank financial institutions have been expanding their operations outside their countries of incorporation. Departing from ...

ICC Reglas y usos uniformes relativos a los Créditos documentarios revisión 2007 = ICC Uniform customs and practice for Documentary credits 2007 revision

Las cartas de crédito comercial son el elemento vital del comercio internacional. Durante más de 70 años, las Reglas y Usos Uniformes relativos a los Créditos Documentarios (UCP) -las Reglas de la Cámara de Comercio Internacional sobre créditos socumentarios- han gobernado las transacciones con cartas ...

Regional monetary policy

With the final phase of the European Monetary Union underway, concern has been raised over the regional implications of the European Central Bank (ECB) Monetary Policy. Departing from the standard approach utilized by the ECB, this book provides a comprehensive theoretical framework to explore the ...

Fundamentos del dinero y de la banca

INDICE: Prólogo. El sistema financiero en perspectiva. Liquidez, rendimiento y riesgo de los instrumentos financieros. La estructura financiera española. Los servicios bancarios I: operaciones de pasivo. Los fondos de inversión. Los servicios bancarios II: operaciones de activo de las entidades financieras. Los servicios bancarios III ...

Monetary and fiscal policies in the Euro Area

This book studies the interactions between monetary and fiscal policies in the euro area. It carefully discusses the process of policy competition and the structure of policy cooperation. As to policy competition, the focus is on competition between the European central bank, the American central ...

Razón de ser de la banca ética

experiencias internacionales y nacionales

Legal risk in the financial markets

This timely new book explains what legal risk means in the context of the financial markets and why concerns about legal risk have grown in recent years. It also considers how legal risk is intended to be addressed as part of operational risk under the ...

La banca en el comercio internacional

La globalización imparable en la que estamos inmersos, está incidiendo directamente en el cambio de las economías a nivel mundial, afectando a todas las fases de la actividad empresarial y a su vez a las relaciones contractuales, comercial es y financieras, que están ligadas obligatoriamente ...

Competition and profitability in European financial services

strategic, systematic and policy iusses

El regimen jurídico de los mercados electrónicos cerrados

(e-Marketplaces)

Ante su contundente consolidación en el mercado, la riqueza y creatividad de su conformación empresarial, sus destacadas eficiencias y ventajas competitivas y su alto valor estratégico, el objetivo de esta obra consiste en descubrir, describir y recomponer con las piezas de la disciplina jurídica la ...

Monetary integration and dollarization

No Panacea

This book deals with the economic consequences of monetary integration, which has long been dominated by the Optimal Currency Area (OCA) paradigm. In this model, money is perceived as having developed from a private sector cost minimization process to facilitate transactions. Not surprisingly, the book ...

Transparency, governance and markets

INDEX: 1. Theoretical explanations of why banks promise to pay par on demand (G.P. Dwyer,Jr., M. Samartin). 2. Productivity and efficiency measurement using parametric ecometric methods (S.C. Kumbhakar ). 3. Firm, market and strategic factors in venture capital exits (D.J. Cumming, J ...

Handbook mortgage backed securities

Frank J. Fabozzi is one of the world's foremost authorities on fixed income securities and derivative instruments, and the author or editor of dozens of widely acclaimed fixed income books, including The Handbook of Fixed Income Securities, which sold more than 25,000 copies ...

The basel II risk parameters

estimation, validation, and stress testing

The estimation and validation of the Basel II risk parameters PD (default probability), LGD (loss given default), and EAD (exposure at default) is an important problem in banking practice. These parameters are used on the one hand as inputs to credit portfolio models, on the ...

Moneymakers

the secret world of banknote printing

This book is about the most precious piece of paper we know, about bank-notes. Modern life would be unthinkable without them. Yet, the general public is kept very much in the dark about how they are made or who makes them. It is rarely known ...

The economics of consumer credit

This work offers a cross-national analysis of empirical, theoretical, and policy issues in the consumer credit industry, including household debt, credit card usage, and bankruptcy. Academic research and policy discussions of credit markets usually focus on borrowing by firms and producers rather than households, which ...

Credit derivatives

techniques to manage credit risk for financial professionals

ÍNDICE: Part I: Credit Derivative Products and Application: 1: An Introduction to Credit Derivatives. 2: Fundamental Credit Derivative Products . 3: Structured and Synthetic Credit Products. 4: An Overview of Credit Derivative Applications. Part II: Valuation Tools: 5: A Primer on Risk Modeling . 6: A Basic ...

Gestión comercial de servicios financieros

El libro trata de exponer tanto al estudioso como al profesional del sector financiero que el reto de las entidades financieras está en adoptar el denominado enfoque de «Banca de clientes». La idea central es la de rentabilizar la relación con cada cliente y vincularle ...