Download or read book The Global Bankers written by Roy C. Smith and published by Beard Books. This book was released on 2000 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Global Banking written by Roy C. Smith and published by Oxford University Press, USA. This book was released on 2003-02-25 with total page 449 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a revision of the business of global banking. With the increased globalization of the world economy few sectors are the equal of banking and financial services in dynamism or structural change. Roy C. Smith and Ingo Walter assess this transformation-its causes, its course and its consequences. They begon by examining international commercial banking, including the issue of cross-border risk evaluation and exposure management, and the creation of a viable regulatory framework in a global competitive context. hey then undertake a parallel assessment of international investment banking, linking the two by means of a bridge chapter. Finally, they focus on the factors that determine winners and losers in these markets and explore the problems of strategic position and execution.
Download or read book The World s Banker written by Sebastian Mallaby and published by Penguin. This book was released on 2006-04-25 with total page 498 pages. Available in PDF, EPUB and Kindle. Book excerpt: Never has the World Bank's relief work been more important than in the last nine years, when crises as huge as AIDS and the emergence of terrorist sanctuaries have threatened the prosperity of billions. This journalistic masterpiece by Washington Post columnist Sebastian Mallaby charts those controversial years at the Bank under the leadership of James Wolfensohn—the unstoppable power broker whose daring efforts to enlarge the planet's wealth in an age of globalization and terror were matched only by the force of his polarizing personality. Based on unprecedented access to its subject, this captivating tour through the messy reality of global development is that rare triumph—an emblematic story through which a gifted author has channeled the spirit of the age. This edition features a new afterword by the author that analyzes the appointment of Paul Wolfowitz as Wolfensohn's successor at the World bank
Download or read book The Global Bankers written by Roy C. Smith and published by . This book was released on with total page 405 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Global Findex Database 2017 written by Asli Demirguc-Kunt and published by World Bank Publications. This book was released on 2018-04-19 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2011 the World Bank—with funding from the Bill and Melinda Gates Foundation—launched the Global Findex database, the world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data collected in collaboration with Gallup, Inc., the Global Findex database covers more than 140 economies around the world. The initial survey round was followed by a second one in 2014 and by a third in 2017. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution includes updated indicators on access to and use of formal and informal financial services. It has additional data on the use of financial technology (or fintech), including the use of mobile phones and the Internet to conduct financial transactions. The data reveal opportunities to expand access to financial services among people who do not have an account—the unbanked—as well as to promote greater use of digital financial services among those who do have an account. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex.
Download or read book Open Secret written by Erin Arvedlund and published by Penguin. This book was released on 2014-09-25 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Gaming the LIBOR—that is, fixing the price of money—had become just that: a game. Playing it was the price of admission to a club of men who socialized together, skied in Europe courtesy of brokers and expense accounts, and reaped million-dollar bonuses.” In the midst of the financial crisis of 2008, rumors swirled that a sinister scandal was brewing deep in the heart of London. Some suspected that behind closed doors, a group of chummy young bankers had been cheating the system through interest rate machinations. But with most eyes focused on the crisis rippling through Wall Street and the rest of the world, the story remained an “open secret” among competitors. Soon enough, the scandal became public and dozens of bankers and their bosses were caught red-handed. Several major banks and hedge funds were manipulating and misreporting their daily submission of the London Interbank Offered Rate, better known as the LIBOR. As the main interest rate that pulses through the banking community, the LIBOR was supposed to represent the average rate banks charge each other for loans, effectively setting short-term interest rates around the world for trillions of dollars in financial contracts. But the LIBOR wasn’t an average; it was a combination of guesswork and outright lies told by scheming bankers who didn’t want to signal to the rest of the market that they were in trouble. The manipulation of the “world’s most important number” was even greater than many realized. The bankers kept things looking good for themselves and their pals while the financial crisis raged on. Now Erin Arvedlund, the bestselling author of Too Good to Be True, reveals how this global network created and perpetuated a multiyear scam against the financial system. She uncovers how the corrupt practice of altering the key interest rate occurred through an unregulated and informal honor system, in which young masters of the universe played fast and loose, while their more seasoned bosses looked the other way (and would later escape much of the blame). It was a classic private understanding among a small group of competitors—you scratch my back today, I’ll scratch yours tomorrow. Arvedlund takes us behind the scenes of elite firms like Barclays Capital, UBS, Rabobank, and Citigroup, and shows how they hurt ordinary investors—from students taking out loans to homeowners paying mortgages to cities like Philadelphia and Oakland. The cost to the victims: as much as $1 trillion. She also examines the laxity of prominent regulators and central bankers, and exposes the role of key figures such as: Tom Hayes: A senior trader for the Swiss financial giant UBS who worked with traders across eight other banks to influence the yen LIBOR. Bob Diamond: The shrewd multimillionaire American CEO of Barclays Capital, the British bank whose traders have been implicated in the manipulation of the LIBOR. Mervyn King: The governor of the Bank of England, who ignored U.S. Treasury secretary Tim Geithner’s repeated recommendations to establish stricter regulations over the interest rate. Arvedlund pulls back the curtain on one of the great financial scandals of our time, uncovering how millions of ordinary investors around the globe were swindled by the corruption and greed of a few men.
Download or read book Banker to the World Leadership Lessons From the Front Lines of Global Finance written by William Rhodes and published by McGraw Hill Professional. This book was released on 2011-01-07 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: "From Ukraine to China and Nigeria to Egypt debt and finance are central to global stability and United States interests. No one else has nearly as much experience on the front lines as Bill Rhodes. All who care about the 21st century will profit from close study of his thoughts." —Lawrence H. Summers, Charles W. Eliot University Professor and President Emeritus at Harvard University, former Secretary of the Treasury for President Clinton, and former Director of the National Economic Council for President Obama In more than five decades with Citi, William "Bill" Rhodes, the firm's former senior vice chairman and senior international officer, has worked with senior business leaders, statesmen, and strongmen and brokered immense financial deals while looking across the table at finance ministers . . . and up the barrels of guns trained on him. He has earned the cooperation of Fidel Castro over cigars and the admiration of Rupert Murdoch, who said of Rhodes, "By dogged hard work, Bill forms important and great relationships. Everyone knows Bill. Everyone trusts Bill." From these and other experiences, Rhodes has learned a lifetime of lessons about managing amid crises--and, more important, how to lead prudently, decisively, and effectively to prevent crises from ever happening in the first place. In Banker to the World, Rhodes presents his collected wisdom, best-practices, analysis, and anecdotes in one essential volume on the creation of value through leadership--and on the importance of leading by one's values. Dramatically illustrated by more than two dozen examples, Rhodes's principles offer an excellent foundation for leaders at all levels. Having honed his skills in high-level negotiations around the world--including those with the Sandinistas, heads of state, and corporate CEOs in situations ranging from the opening of post-apartheid South Africa and the defusing of the Latin American "debt bomb" to the forestalling of the nationalization of Citi assets in Venezuela—Rhodes dispenses invaluable advice, including: Lead boldly and decisively: Know when to disregard caution for caution's sake--and always insist on a neutral negotiating atmosphere. Anticipate problems by visualizing their impact: Get ahead of risk by taking a comprehensive view of potential obstacles. Confront problems directly and proactively: When faced with a critical situation, going directly to its epicenter is what turns a crisis into an opportunity. You may not be presented with challenges such as restructuring a nation’s multibillion-dollar debt or dealing with Zimbabwean president Robert Mugabe. But in Banker to the World, Bill Rhodes gives takeaway lessons on leading with character, tact, and determination that any manager, executive, or government official will use again and again to evaluate challenges, anticipate responses, and be more decisive in navigating crises of any size.
Download or read book Global Banking written by Roy C. Smith and published by Oxford University Press, USA. This book was released on 2012-02-16 with total page 457 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global Banking, Third Edition wades into the chaos and confusion of today's global banking and capital market environment and strips out the central parts, so each can be examined separately.
Download or read book Global Banking written by Peter K. Oppenheim and published by . This book was released on 1996 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: All personnel involved in international banking in a commercial bank should benefit from this text. Topics discussed include money transfers, principles of foreign exchange, foreign exchange markets, principles of international credit, funding global finance, government agencies, country risk assessment and global financial risk assessment. This text familiarizes the reader with the various international services that banks provide; explains the legal and regulatory constraints that control international finance; describes and analyzes the risks that a bank is exposed to from operations of international banking; and discusses the Eurodollar market and the movement towards a common currency in Europe.
Download or read book The Bankers Blacklist written by Julia C. Morse and published by Cornell University Press. This book was released on 2022-01-15 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: In The Banker's Blacklist, Julia C. Morse demonstrates how the Financial Action Task Force (FATF) has enlisted global banks in the effort to keep "bad money" out of the financial system, in the process drastically altering the domestic policy landscape and transforming banking worldwide. Trillions of dollars flow across borders through the banking system every day. While bank-to-bank transfers facilitate trade and investment, they also provide opportunities for criminals and terrorists to move money around the globe. To address this vulnerability, large economies work together through an international standard-setting body, the FATF, to shift laws and regulations on combating illicit financial flows. Morse examines how this international organization has achieved such impact, arguing that it relies on the power of unofficial market enforcement—a process whereby market actors punish countries that fail to meet international standards. The FATF produces a public noncomplier list, which banks around the world use to shift resources and services away from listed countries. As banks restrict cross-border lending, the domestic banking sector in listed countries advocates strongly for new laws and regulations, ultimately leading to deep and significant compliance improvements. The Bankers' Blacklist offers lessons about the peril and power of globalized finance, revealing new insights into how some of today's most pressing international cooperation challenges might be addressed.
Download or read book Lords of Finance written by Liaquat Ahamed and published by Penguin. This book was released on 2009 with total page 584 pages. Available in PDF, EPUB and Kindle. Book excerpt: Argues that the stock market crash of 1929 and subsequent Depression occurred as a result of poor decisions on the part of four central bankers who jointly attempted to reconstruct international finance by reinstating the gold standard.
Download or read book Collusion written by Nomi Prins and published by Bold Type Books. This book was released on 2018-05-01 with total page 493 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this searing exposéformer Wall Street insider Nomi Prins shows how the 2007-2008 financial crisis turbo-boosted the influence of central bankers and triggered a massive shift in the world order. Central banks and international institutions like the IMF have overstepped their traditional mandates by directing the flow of epic sums of fabricated money without any checks or balances. Meanwhile, the open door between private and central banking has ensured endless opportunities for market manipulation and asset bubbles -- with government support. Through on-the-ground reporting, Prins reveals how five regions and their central banks reshaped economics and geopolitics. She discloses how Mexico navigated its relationship with the US while striving for independence and how Brazil led the BRICS countries to challenge the US dollar's hegemony. She explains how China's retaliation against the Fed's supremacy is aiding its ongoing ascent as a global superpower and how Japan is negotiating the power shift from the West to the East. And she illustrates how the European response to the financial crisis fueled instability that manifests itself in everything from rising populism to the shocking Brexit vote. Packed with tantalizing details about the elite players orchestrating the world economy -- from Janet Yellen and Mario Draghi to Ben Bernanke and Christine Lagarde -- Collusion takes the reader inside the most discreet conversations at exclusive retreats like Jackson Hole and Davos. A work of meticulous reporting and bracing analysis, Collusion will change the way we understand the new world of international finance.
Download or read book Who Elected the Bankers written by Louis W. Pauly and published by Cornell University Press. This book was released on 2018-09-05 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: A former banker and staff member of the International Monetary Fund, Louis W. Pauly explains why people are deeply concerned about the emergence of a global economy and the increasingly integrated capital markets at its heart. In nations as diverse as France, Canada, Russia, and Mexico, the lives of citizens are disrupted when national policy falls out of line with the expectations of international financiers. Such dilemmas, ever more conspicuous around the world, arise from the disjuncture between a rapidly changing international economic system and a political order still constituted by sovereign states. The evolution of global capital markets inspires an understandable fear among people that the governing authorities accountable to them are losing the power to make substantive decisions affecting their own material prospects and those of their children. Pauly points out that today's capital markets resulted from decisions taken over many years by sovereign states, and particularly by the leading industrial democracies, who simultaneously crafted the instrument of multilateral economic surveillance. The effort to build adequate political foundations for global capital markets spans the twentieth century and links the histories of such institutions as the League of Nations, the International Monetary Fund, the European Union, and the Group of Seven.
Download or read book The Bankers New Clothes written by Anat Admati and published by Princeton University Press. This book was released on 2024-01-09 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Wall Street Journal, Financial Times, and Bloomberg Businessweek Book of the Year Why our banking system is broken—and what we must do to fix it New bank failures have been a rude awakening for everyone who believed that the banking industry was reformed after the Global Financial Crisis—and that we’d never again have to choose between massive bailouts and financial havoc. The Bankers’ New Clothes uncovers just how little things have changed—and why banks are still so dangerous. Writing in clear language that anyone can understand, Anat Admati and Martin Hellwig debunk the false and misleading claims of bankers, regulators, politicians, academics, and others who oppose effective reform, and they explain how the banking system can be made safer and healthier. Thoroughly updated for a world where bank failures have made a dramatic return, this acclaimed and important book now features a new preface and four new chapters that expose the shortcomings of current policies and reveal how the dominance of banking even presents dangers to the rule of law and democracy itself.
Download or read book The Blood Bankers written by James S. Henry and published by Thunder's Mouth Press. This book was released on 2003 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: James Henry embarks on a ruthless investigation of international financialrime and of the criminals who profit from laundering, from squeeze and frominancing illegal activities such as drug smuggling. His targets include thearcos family and the paymasters behind Al Qaeda.
Download or read book All the Presidents Bankers written by Nomi Prins and published by Nation Books. This book was released on 2014-04-08 with total page 546 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prins shows how powerful Wall Street bankers partnered with presidents to became the unelected leaders of the 20th century.
Download or read book The Alchemists written by Neil Irwin and published by National Geographic Books. This book was released on 2014-03-25 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The inside story of the world’s most powerful central bankers—and the most intense exercise in economic crisis management the world has ever seen Suddenly, without warning, in August 2007, three men who had never been elected to public office found themselves the most powerful people in the world. They were the leaders of the world’s three most important central banks: Ben Bernanke of the U.S. Federal Reserve, Mervyn King of the Bank of England, and Jean-Claude Trichet of the European Central Bank. In The Alchemists, Washington Post reporter Neil Irwin presents the truly global story of the central bankers’ role in the world economy that we have been missing. Definitive, revelatory, and riveting, it shows us where money comes from—and where it may well be going.
