Economia Hoy - La Globalizacion y La Nueva Relacion Sociedad-Naturaleza / Polimodal

Book Description

The fourth edition of Managing Financial Institutions: An Asset/Liability Approach provides comprehensive coverage of asset and liability management techniques for depository institutions, finance companies, insurance companies, pension funds, mutual funds, securities firms, and diversified financial services firms, all of which operate in an increasingly competitive environment. The text is suitable for use in courses on financial institutions and commercial bank management.

Customer Reviews:

By academics for introductory and academic short-course.......2006-02-05

With one review, it's easy to get 5 stars. While I don't write too many reviews, I did read this book and felt the average needed to be reflected, not the skew.

This is a remedial book written by academics with very little practical industry knowledge. Reading through the list of "acknowledgements" will give you the idea. Nothing but professors at colleges and universities. Now, there is nothing wrong with a strong academic influence, but when you define Asset Liability Management as (p. 31) "...the management of the net interest margin to ensure its level and riskiness are compatible with the risk/return objectives of the institution" you realize these authors don't have a clue. Really? That's ALM. Managing the NIM? What about duration profile, economic value, VaR, securitization programs, pricing, liquidity profile, ALCO process, forecasted balances, maturity strategies on retail and wholesale funding, risk position, regulatory requirements (read FRB SR 96-13), FAS 133, swap book, vega risk, negative convexity profile, etc. To think it is only about the NIM is juvenille, but very appropriately academic. Moreover, they define the NIM as = Interest income less expense/total assets. No. That isn't correct. So if the objective of ALM is to manage the NIM and you can't get the definition correct, this is probably a problem. The correct view of the NIM is interest income less expense/earning assets or, more ideally, average earning assets. Go read the FFIEC's definition in the Uniform Bank Performance Report (www.ffiec.gov).

Having made these points, I think the book has merit for, again, a very simplistic intro course. One hopes that in any future editions the authors seek to get professional advice before taking to press. They have some good background research and the book could be made really good; however, they need to infuse it with practical details and vision. As is, it is a stale, incomplete and common book. If you want better insights, just read Wilmott, Bessis, Fabozzi, and Hull.

Gardner et.al. review.......2000-08-12

I have not read this edition but I have several earlier editions and will soon have this one. Their books are always state of the art and a must read for institutional risk managers. The text provides numerous comprehensible detailed examples of managing risk at modern financial institutions. Market coverage is also excellent. This one is for anyone who actually has to manage risk. It is not however an intro book for the novice who is looking only for general information.

Managing Financial Institutions, an Asset/Liability Approach.

Average customer rating:

Managing Financial Institutions, an Asset/Liability Approach.
Mona J. & Mills, Dixie L. Gardner
Manufacturer: The Dryden Press
ProductGroup: Book
Binding: Hardcover
ASIN: B000NXPRY8

Managing Financial Institutions: An Asset-Liability Approach (Dryden Press Series in Finance)

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Managing Financial Institutions: An Asset-Liability Approach (Dryden Press Series in Finance)
Mona J. Gardner
Manufacturer: Harcourt
ProductGroup: Book
Binding: Hardcover

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ASIN: 0030980798

Book Description

This dynamic text allows learners to analyze and apply theory to managing performance for financial institutions. It is up-to-date, including new types of financial institutions and the evolving nature of the financial services industry. Not only does this text include risk management of financial institutions, it includes managing and analyzing different types of financial institutions. Additionally, this text provides the necessary institutional detail that learners need to know to be successful in the management of financial services firms. Numerous applied cases are included so learners can better understand how the concepts are applied. Targeted at the MBA corporate finance course, this book can also be used for both a banking course and financial institution management course.

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Managing Financial Institutions: An Asset-Liability Approach
Mona J.; Mills, Dixie L.; Cooperman, Elizabeth S. Gardner
Manufacturer: South-Western College Pub
ProductGroup: Book
Binding: Paperback
ASIN: B000OA56TQ

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Managing Financial Institutions: An Asset/Liability Approach
Mona J. Gardner
Manufacturer: Harcourt
ProductGroup: Book
Binding: Paperback
ASIN: B000OEI8JC

Book Description

Our business environment is one of record pace and quick productivity. Technology has enabled us to communicate and produce in a way we never thought possible. However, as we move through our careers, it's still important to slow down and remember that it always pays to have good manners. Business Etiquette and Protocol is designed for today's high-speed professionals who value the human element in achieving business success. Business Etiquette and Protocol is one title in the Professional Development Series by South-Western. This series is the perfect resource for learning the non-technical strategies and tactics needed to compete in today's business world.

Customer Reviews:

Book for those starting a business career.......2007-06-06

I purchased the book as a requirement for an elective business class that I was taking as a part of a technical master's degree I was pursuing. I have found the book useful in my business career and have referenced it once in a while. The book has been borrowed by friends as they train new employees in dining etiquette and sales calls. Although I do not agree with all of the ideas presented, I have found the book useful in defining how one should act in business situations.

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The Path To High Achievement
P.H.D. B. Eugene Griessman
ProductGroup: Book
Binding: Audio Cassette
ASIN: B000PZ04XI

Product Description

insights, advice and lessons learned from high-achievers

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The Path To Success Starts With You

Path to High Achievement
B. Eugene Griessman
Manufacturer: Careertrack Inc.
ProductGroup: Book
Binding: Audio Cassette

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The Achievement Factors: Candid Interviews With Some of the Most Successful People of Our Time

ASIN: 1559774916

Customer Reviews:

The Path To Success Starts With You.......2000-02-18

I purchased the two inspiring audio cassettes, "The Path To High Achievement" because I wanted to see what makes the famous and successful tick.

What I found were useful, practical methods that were clearly articulated by Dr. Griessman in a way that made me learn a lot about myself. I highly recommend this motivational program to anyone who wants to get ahead in life and follow the steps of those already there.

It won't happen overnight or simply by listening. You must put these tactics into play in your everyday life in order to overcome any obstacles along the way to your own personal achievement.

Book Description

This digital document is an article from Cornell Hotel & Restaurant Administration Quarterly, published by Cornell University on December 1, 2001. The length of the article is 5204 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: The path to performance: What managers must do to create a high-achievement culture. (Human Resources).
Author: David H. Maister
Publication: Cornell Hotel & Restaurant Administration Quarterly (Refereed)
Date: December 1, 2001
Publisher: Cornell University
Volume: 42 Issue: 6 Page: 90(7)

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