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| Acknowledgements | |
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| Preface | |
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| What are Banks and What Do They Do? | |
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| Introduction | |
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| The Meaning of Banking | |
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| Organisational Structures | |
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| Banking Structures | |
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| Financial Conglomerates | |
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| Central Banking | |
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| Summary: Why are Banks Special? | |
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| Conclusion | |
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| Diversification of Banking Activities | |
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| Introduction | |
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| The Expansion of Banks into Non-banking Financial Services | |
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| The Effect of Non-interest Income on Banks' Total Income | |
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| Global Markets and Centres | |
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| International Banking | |
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| Banking Issues in the 21st Century | |
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| Conclusion | |
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| Management of Risks in Banking | |
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| Introduction | |
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| Key Financial Risks in the 21st Century | |
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| Approaches to the Management of Financial Risks | |
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| Financial Derivatives and Risk Management | |
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| Management of Market Risk | |
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| Management of Credit Risk | |
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| Risk Management by Major Global Bank | |
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| Conclusion | |
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| Global Regulation of Banks | |
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| Introduction | |
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| Why Regulate? | |
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| International Regulation | |
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| Basel 2 - The Three Pillar Approach | |
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| Alternative or Complementary Approaches to Basel | |
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| International Financial Architecture | |
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| Conclusion | |
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| Bank Structure and Regulation: UK, USA, Japan, EU | |
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| Introduction | |
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| Bank Structure and Regulation in the UK | |
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| Bank Structure and Regulation in the USA | |
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| Bank Structure and Regulation in Japan | |
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| Bank Structure and Regulation in the EU | |
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| Conclusions: Structure and Regulation of Banks | |
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| Banking in Emerging Economies | |
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| Introduction | |
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| Financial Repression and Evolving Financial Systems | |
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| Banking Reforms in Russia, China and India | |
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| Islamic Banking | |
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| Sovereign and Political Risk Analysis | |
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| Conclusion | |
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| Bank Failures | |
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| Introduction | |
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| Bank Failure - Definitions | |
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| Case Studies on Bank Failure | |
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| The Determinants of Bank Failure: A Qualitative Review | |
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| Bank Failure: Quantitative Models | |
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| Conclusion | |
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| Financial Crises | |
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| Introduction | |
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| Definitions and Controversies | |
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| The South East Asian Financial Crisis, 1997-99 | |
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| The Japanese Banking Crisis | |
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| Scandinavian Banking Crises | |
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| Long Term Capital Management (LTCM) | |
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| Lender of Last Resort | |
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| Conclusions | |
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| Japanese Financial Reforms (Big Bang, 1996) | |
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| Reform of the Regulators | |
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| Competitive Issues in Banking | |
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| Introduction | |
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| Measuring Bank Output | |
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| X-efficiency, Scale Economies and Scope Economies | |
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| Empirical Models of Competition in Banking | |
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| Consolidation in the Banking Sector | |
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| Conclusion | |
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| Case Studies | |
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| Introduction | |
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| Goldman Sachs | |
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| Kidder Peabody Group | |
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| From | |