Financial Institution Management: Asset/Liability Method

Author: Mona J. Gardner
Publisher:
Publish Date: 2005-04-01
Features: The seemingly chaotic financial structure of the United States has created a unique efficiency that emphasizes continuous cost minimization, constant innovation, and operational flexibility. This book systematically introduces the legal and regulatory environment closely related to the evolution of the U.S. financial system. It specifically includes content on the Financial Modernization Act and financial joint ventures. It provides a detailed discussion of non-interest income management and the associated risks, with particular analysis of securitization, value at risk (VaR), and economic value added (EVA). It explores trends in joint ventures, moral hazard issues, virtual banks, and electronic money. It introduces an overview of off-balance sheet items of depository institutions and sample standard bank performance reports. At the end of each chapter, recommended cases from Harvard Business School and Dartmouth College are provided to help learners apply the concepts discussed in the chapter. It offers a wealth of online financial research resources. Financial Institutions Management: An Asset/Liability Approach is a widely used intermediate to advanced textbook in finance and related fields in the United States, Canada, the United Kingdom, and other regions. The book systematically introduces the evolution of the U.S. financial system and the transformation history of various financial institutions. Subsequently, it defines the objectives and methods of asset-liability management in the context of this ever-changing macro environment and provides detailed discussions on the management and performance analysis of depository and non-depository institutions, the interest and exchange rate environment, and special asset-liability management issues for depository institutions. It also comprehensively introduces various financial instruments and their derivatives. This book holds positive reference and significance for China's financial system reform, making it suitable for financial professionals and researchers in China, as well as university students and faculty in relevant fields, MBA students, and readers with an interest in financial institutions management.