Banking, Finance & Accountancy 2010

New textbooks to guide you through

the changing financial landscape

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Banking, Finance & Accountancy 2010
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New/New in Title available as
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CONTENTS
Banking 2
Palgrave Macmillan Studies in Banking & Financial Institutions Series 2
Monetary Economics 8
Quantitative Methods 9
Finance and Financial Markets 10
Finance & Capital Markets Series 13
Financial Management 15
International Finance 17
Public Finance 20
Accounting 21
Reference 23
Teaching, Learning & Research in Higher Education 24
Universities into the 21st Century Series 24
Office for National Statistics 25
Index 29
For a complete list of titles, please visit www.palgrave.com.
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Inspection copy Web resource
Journal
available available
Welcome to the new Palgrave Macmillan Banking, Finance an Accountancy 2010
catalogue. In the wake of the international financial crisis and the continuing search
for ways to regain enduring economic stability, we are pleased to bring you analysis
and recommendations from leading experts in the financial world. We have policy
analysis from the FSA’s Banking Sector Director in Crisis: Cause, Containment and
Cure; Dimitris Chorafas’s Financial Boom and Gloom is still hailed as one of the most
readable accounts of the origins of the meltdown and the new Palgrave Macmillan
Dictionary of Finance, Investment and Banking includes all the latest terminology
arising from the events of the debacle.
We’re delighted to partner with some of the most established and respected
organizations in the industry. KMPG help make it easy to understand the latest
International Financial Reporting Standards in their new edition of IFRS – A Visual
Approach and the ever-faithful St. James’s Place Tax Guide, this year in its 39th
edition, will include advice regarding the tax changes following the recent change of
government in Great Britain.
We are also very proud to continue to publish subject leading texts in partnership
with the Open University. Our latest joint venture, Personal Investment, edited by
Marina Mazzucato and an expert author team at the Open University, highlights
the increasing degree to which financial markets, and the various products that are
sold in those markets, affect economic stability. This year we are also pleased to be
publishing two new editions of our bestselling titles: Stephen Valdez’s An Introduction
to Global Financial Markets, now in its 6th edition, and Keith Pilbeams Finance &
Financial Markets, third edition. Both of these texts have been updated to consider the
recent financial crisis and discuss the implications for the future.
Best Wishes,
Lisa von Fircks, Senior Commisioning Editor, l.vonfircks@palgrave.com
Martin Drewe, Publisher, m.drewe@palgrave.com
 BANKING

BANKING PALGRAVE MACMILLAN STUDIES The Management

IN BANKING & FINANCIAL of Consumer Credit
Preludes to the Icelandic INSTITUTIONS Theory and Practice
Financial Crisis 2nd edition
Series Editor: Philip Molyneux
Edited by Robert Z. Aliber, Steven Finlay, Head of
Professor of International ‘The series provides an excellent grounding Analystics, HML, UK
Economics and Finance, in the principles of banking and an increased
University of Chicago understanding of the current and future research This book explains how
Graduate School of Business, and policy agendas in the industry. A must read financial institutions,
USA and Gylfi Zoega, for students, academics and practitioners and such as banks and finance
Professor of Economics, policy makers alike.’ - Jlllohn O.S Wilson, Professor houses, manage their
University of Iceland, Iceland of Banking and Finance, Management School, portfolios of credit cards,
University of St.Andrews, UK loans, mortgages and
This book brings together other types of retail
contributions from world The Palgrave Macmillan Studies in Banking and credit agreements. The
renowned experts to Financial Institutions series is international in second edition has been
examine the financial orientation and includes studies of banking substantially updated,
developments in Iceland, systems in particular countries or regions as well with new chapters on
and the privatization as contemporary themes such as Islamic Banking, capital requirements,
of the banking system, Financial Exclusion, Mergers and Acquisitions, Risk Basel II, scorecard and
drawing conclusions from the Iceland experience Management, and IT in Banking. The books focus on portfolio monitoring.
for other countries. research and practice and include up-to-date and Contents: Consumer Credit Management: An
Contents: R.Aliber: Introduction / G.Zoega: Summary innovative studies that cover issues which impact Introduction / Organizational Matters / Marketing /
of Papers / T.Olaf Sigurjonsson: Privatisation and banking systems globally. Predicting Consumer Behaviour / Customer Acquisition
Deregulation: A Chronology of Events . / PART I: To view all titles in the series please visit: / Customer Management / Collections (Early Stage
INTERNATIONAL ORGANIZATIONS AND THE www.palgrave.com/finance/sbfi.asp Delinquency) / Debt Recovery (Late Stage Delinquency)
CENTRAL BANK OF ICELAND / International Monetary Fraud / Funding and Provision / Capital Requirements /
Fund, Article IV Consultations 2004-2008 / OECD Appendix A: Predictive Models of Consumer Behaviour
Policy Brief 2008 / Central Bank of Iceland, Financial Corporate and Social / Appendix B: Scorecard and Portfolio Monitoring /
Stability Reports 2005-8 / PART II: OTHER PAPERS AND
REPORTS / Fitch Report, February 2006 / L.Christiansen:
Transformations of Money and Appendix C. US and UK Legislation / Appendix D:
Recommended Reading / Bibliography / Index
Iceland’s Geyser Crisis / F.Mishkin & T.T.Herbertsson: Banking April 2010 280pp 216x138mm
Financial Stability in Iceland / F.M.Baldursson & R.Portes: 20 figures and 13 b/w tables
The Internationalization of Iceland’s Financial Sector / Breaking the Serfdom Hardback £65.00 978-0-230-23830-5
W.Buiter & A.Sibert: The Collapse of Iceland’s Banks:
The Predictable End of a Non-viable Business Model Edited by Simon Mouatt,
/ D.Gros: Iceland on the Brink? / T.Gylfason: Events in
Iceland: Skating on Thin Ice / G.Zoega: A Spending Spree
Senior Lecturer in Economics,
Southampton Business
New Issues in Financial
/ R.Z.Aliber: Monetary Turbulence and the Icelandic School, UK and Carl Adams, Institutions Management
Economy / PART III: LESSONS FOR OTHER COUNTRIES Principal Lecturer in
/ A.Sibert: Overbanked and Undersized: Lessons from Information, University of Edited by Franco Fiordelisi,
Iceland Portsmouth, UK Professor of Banking and
Finance, University of Rome
November  2010 272pp 216x138mm As the real economy is III, Italy, Philip Molyneux,
50 illustrations increasingly digitalized, Professor of Banking and
Hardback £67.50 978-0-230-27692-5 banking lags behind. It Finance, Bangor Business
is thus not well placed School, Bangor University,
to support the new UK and Daniele Previati,
economy. This book Professor of Banking and
provides some perspective Finance, University of Roma
on the changes taking III, Italy
place, identifying the systemic weaknesses in the
traditional financial infrastructure, and proposing This book examines new
some radical rethinking to address systemic issues in financial markets
financial instability. and institutions raised
October 2010 256pp 216x138mm
by the global economic
Hardback £65.00 978-0-230-27594-2 crisis that began in 2007. The four main themes
are: management, innovation and technology in
banking; efficiency and productivity; consolidation;

2 Order securely online at www.palgrave.com or telephone +44 (0)1256 302866


and corporate governance issues.
Contents: PART I: BANK MANAGEMENT, INNOVATION
AND TECHNOLOGY / PART II: EFFICIENCY AND
PRODUCTIVITY OF FINANCIAL INTERMEDIARIES / PART
III: CONSOLIDATION IN THE FINANCIAL SECTOR /
PART IV: CORPORATE GOVERNANCE ISSUES
A Full Table of Contents is Available at:
www.palgrave.com
October 2010 288pp 216x138mm
Hardback £65.00 978-0-230-27810-3
The British Insurance
Industry Since 1900
The Era of Transformation
Robert L. Carter, Emeritus Professor of Insurance
Studies, University of Nottingham, UK and Peter Falush,
Economist
A comprehensive chronicle of the transformation
of the intensely competitive Britsih insurance
industry in response to evolving economic, social,
technological and political condituions. It analyzes
the fast-changing shape of the distribution system,
the role of the state and the shifting boundaries of
insurability and risk transfer
May 2009 256pp 216x138mm
81 b/w tablers and 26 figures
Hardback £70.00 978-0-230-21964-9
1000s of scholarly ebooks available at www.palgraveconnect.com, ask your librarian to request a trial
New Issues in Financial
and Credit Markets
Edited by Franco Fiordelisi, Professor of Banking and
Finance, University of Rome III, Italy, Philip Molyneux,
Professor of Banking and Finance, Bangor Business
School, Bangor University, UK and Daniele Previati,
Professor of Banking and Finance, University of Roma III,
Italy
The book presents a contemporary insight into key
trends impacting on global financial institutions
post crisis and highlights new policy and research
areas affecting banks and other financial
institutions. The four main themes are: the financial
crises, credit activity, capital markets and risk
management.
Contents: List of Tables and Figures / F.Fiordelisi,
P.Molyneux & D.Previati: Introduction / PART I:
FINANCIAL CRISES / R.Van Der Linden: China’s
Regulatory Framework of the Financial Sector to be
Tested by the Economic Downturn / C.Porzio, F.Battaglia,
A.Meles & M.Grazia Starita: Financial Turmoil and
Asymmetric Information Theory - Evidence from E-MID
Platform / J.Maudos & J.Fernández De Guevara: The
Impact of European Financial Integration on Economic
Growth / E.Seghezza & G.B.Pittaluga: Can Financial
Supervision Enhance Central Bank’s Independence?
/ J.M.Pastor, J.Quesada & L.Serrano: The Impact of a
Housing Price Bubble on the Intensity of the Recent
Credit Crunch: Evidence from Different Countries /
G.A.Vento & P.La Ganga: Interbank Market and Liquidity
Distribution during the Great Financial Crisis: The E-MID
Case / F.H.Brinkhuis: Quantitative Easing Versus Credit
Easing / B.Casu, A.Ferrari & Tianshu Zhao: Financial
Reforms, Competition and Risk in Banking Markets
/ PART II: THE LENDING BUSINESS: MARKETS AND
INSTRUMENTS / F.Poli & E.T.Uberti: The Diffusion of
Credit Brokers in Italy - A Spatial Econometric Analysis
/ R.Giovannini, V.Pesic & V.Capizzi: Determinants and
Effects of Venture Capital and Private Equity Investments
on Italian SMEs / M.Caratelli: Transparency of Price
Conditions in the Consumer Credit / PART III: CAPITAL
MARKETS AND RISK MANAGEMENT / G.Torluccio &
M.Toscano: Profitability of Momentum and Reversal
Patterns of Pan-European Industries Portfolio /
T.Lindblom & G.Bergendahl: Duration Analysis - An
Exposé / C.Lucarelli & G.Brighetti: Biased or Unbiased Risk
Perception in the Financial Decision Making / T.Lindblom
& M.Willesson: Banks’ Measurement of Operational Risk
and the Effect on Regulatory Capital / Index
September 2010 240pp 216x138mm
38 b/w tables, 37 figures, 3 charts and 8 graphs
Hardback £65.00 978-0-230-27544-7
BANKING
EU Payments Integration
The Tale of SEPA, PSD and Other Milestones
Along the Road
Ruth Wandhöfer, Head of
Payments Strategy & Market
Policy, Citi, UK
‘I very much welcome
the publication of this
book. We are at a critical
point in the evolution of
the European payments
landscape and this book
comes at the right time to
address the key strategic
issues for the payments
industry in Europe and
in a broader global
context.’ - Gerard Hartsink, Chair of the European
Payments Council
This is an inside view of the forces which shaped
SEPA and the PSD written from the unique
perspective of someone closely involved
throughout the process. It uncovers the strategic,
legal and practical implications of the full
harmonisation agenda and provides an assessment
of where these initiatives stand today including key
lessons learned.
Contents: About the Author / Acknowledgements /
Foreword / Preface / Title I – Prelude: Setting the Scene
for EU Payments Integration / Title II – EU Financial
Regulation Explained: The Powers and the Pitfalls / Title
III – EU Payments Legislation and Industry’s Response:
The Early Years / Title IV – PSD: The Odyssey to the Final
Text / Title V – From Publication to Transposition: The
Directive Dilemma / Title VI – SEPA: From Design to
Launch / Title VII – Postlude: The Future for European
Payments in a Global Context / Notes / Bibliography and
Useful Websites / Glossary / Index
October 2010 224pp 216x138mm
Hardback £65.00 978-0-230-24347-7
To view all titles in the series please visit:
www.palgrave.com/finance/sbfi.asp
3
 BANKING

PALGRAVE MACMILLAN STUDIES Mergers and Acquisitions in Capitalism Without Capital

IN BANKING & FINANCIAL European Banking Dimitris N. Chorafas,
International Management
INSTITUTIONS CONT... Franco Fiordelisi, Professor Consultant
of Banking and Finance,
Cooperative Banking University of Rome III, Italy This book examines the
banking crisis of July/
in Europe: Case Studies Provides a detailed August 2007 and its
analytical assessment ensuing after-effects in
of the merger and 2008-2009: economic
Edited by Vittorio Boscia,
acquisition phenomenon crisis, credit crunch,
Full Professor of Banking and
in banking. It advances massive recapitalization
Finance, University of
the prior literature of some banks and
Salento, Italy, Alessandro
focusing on some specific nationalization of other
Carretta, Full Professor of
aspects that have been banks. The author offers
Financial Markets and
investigated by only his views on the factors
Institutions; Director, Ph.D
limited previous analysis which led to this global
Program in Banking and
by assessing the effect financial catastrophe and how it could have been
Finance, University of Rome
produced by M&A avoided.
“Tor Vergata”, Italy and
transactions on bank efficiency and shareholder
Paola Schwizer, Full July 2009 288pp 216x138mm
value.
Professor of Banking, 3 b/w tables and 14 figures
University of Parma, Italy Contents: List of Tables and Figures / Preface / Hardback £65.00 978-0-230-23346-1
Acknowledgements / Why Study M&A in Banking? / ebook available from: Palgrave Connect Economics &
This book investigates Merger and Acquisition Trends in the European Banking
the main features of the Finance Collections
/ Why do Banks Merge? / M&A of Financial Institutions:
evolution of the co-operative banking model in A Review of the Literature / Do M&A’s Create Value for
European countries, using ‘country case-study’ Shareholders? The Short-term Wealth Effect / Do M&A’s
analysis. Structured in two parts, the first deals Create Value for Shareholders? The Long-term Wealth
with a sample of countries that joined the European Effect / Do M&A’s Create Value for Shareholders? The
Union before 2000; the second part with a sample
of newly-admitted European Union member
Effect on the Bank Efficiency / The Post-Acquisition
Integration / Conclusions / References / Index
Financial Boom and Gloom
countries.
November 2009 216pp 216x138mm The Credit and Banking Crisis of 2007–2009 and
Contents: List of Illustrations / Preface / About the 37 b/w tables and 8 figures Beyond
Authors / A.Carretta, P.Schwizer& V.Boscia: Introduction Hardback £65.00 978-0-230-53719-4
/ PART I: CO-OPERATIVE BANKING IN THE WESTERN Dimitris N. Chorafas,
ebook available from: Palgrave Connect Economics &
EU-COUNTRIES / V.Stefanelli: The Banking System in International Management
Portugal: The Case of Credito Agricola Mutuo Group / Finance Collections
Consultant
V.Stefanelli: The Cooperative Banking System in Spain /
P.Marchetti & A.Sabetta: The Cooperative Banking System The credit and banking
in France / V.Stefanelli: The Peculiarity of the UK Case: crisis which hit the
The Mutual Building Societies / M.Cotugno: Cooperative western world in
Banking in the Netherlands: Rabobank Network / M.Biasin: 2007/2008 has and
The German Cooperative Banking System: Volksbanken will continue to have
and Raiffeisenbanken / R.Di Salvo: The Cooperative Credit far-reaching after-
System in Italy / R.Di Salvo, J.S.Lopez& I.Schraffl: The Credit effects. At their core
Cooperative System in Finland / PART II: CO-OPERATIVE are Collateralized Debt
BANKING IN THE NEW EU-COUNTRIES / M.Cotugno: Obligations (CDOs) and
Cooperative Banking in the Newly European Countries / Credit Default Swaos
C.Bussoli: Credit Cooperatives in Romania / M.Cotugno: (CDSs), the main themes
The Bulgarian Cooperative Banking / CONCLUSIONS / of this book.
A.Carretta, P.Schwizer& V.Boscia: Concluding Remarks / March 2009 304pp 216x138mm
Notes / References / Index Hardback £70.00 978-0-230-57811-1
December 2009 280pp 216x138mm ebook available from: Dawson ERA, Ebook Library,
48 b/w tables, 55 figures, 14 graphs and 4 photographs ebooks.com, Ebrary, Myilibrary, NetLibrary, Palgrave
Hardback £60.00 978-0-230-57677-3 Connect Economics & Finance Collections
ebook available from: Palgrave Connect Economics &
Finance Collections

Mergers
4 and Acquisitions Order securely online at www.palgrave.com or telephone +44 (0)1256 302866
 BANKING

Globalization and the Consolidation in the Financial Markets and

Reform of the International
Banking and Monetary System
Edited by Otto Hieronymi,
Professor of International
Relations, Webster
University, Switzerland
The book argues that
a successful monetary
and banking reform
requires: a rollback of
monetary nationalism
and return to monetary
internationalism; trust
in the banking system
with its basic functions
restored; a balance
between competition
and solidarity in order to assure political and social
acceptance of globalization.
Contents: Acknowledgements / Notes on the
Contributors / O.Hieronymi: Introduction / O.Hieronymi:
From ‘Global Finance’ to the Crisis of Globalization
/ O.Hieronymi: An Agenda for the Reform of the
International Monetary System / M.Sakbani: The Global
Financial Crisis, Central Banking and the Reform of the
International Monetary and Financial System / D.Kaeser:
The Role of the IMF / P.Bod: The Financial Landscape
- Seen From a Converging Country / B.Burgenmeier:
International Institutional Reforms Between Economic
Growth and Sustainable Development / A.Baladi: The
Impact of Corporate Governance on Financial Markets
/ E.Carton: Banks, Their Role and Responsibility in
the Crisis, Their Future / G.Csurgai: Sovereign Wealth
Funds: Strategies of Geo-Economic Power Projections
/ S.Marchi: The WTO’s Doha Development Agenda: An
Unclear Roadmap / C.Perez del Castillo: The Multilateral
Trading System: Special and Differential Treatment for
Developing Countries in the WTO / N.Birchler: Swiss
Financial Self-Regulation Mechanisms in the Fight Against
Money-Laundering and Terrorist Financing / C.Viladent:
An Epidemiologic Approach of Financial Markets / Notes /
Bibliography / Index
November 2009 344pp 216x138mm
9 charts, 5 figures, 8 b/w tables and 1 illustration
Hardback £65.00 978-0-230-23530-4
ebook available from: Palgrave Connect Economics &
Finance Collections
European Financial Industry
Edited by Roberto Bottiglia,
Full Professor of Banking and
Finance, Faculty of
Economics, University of
Verona, Italy, Elisabetta
Gualandri, Full Professor of
Banking and Finance,
University of Modena and
Reggio Emilia, Italy and Gian
Nereo Mazzocco, Full
Professor of Banking and
Finance, Faculty of
Economics, University of
Udine, Italy
Globalization and the financial crisis highlight
the problems caused by worldwide banking
organizations and force financial groups to reassess
their development strategies. This book discusses
the impact of the crisis on the consolidation
process in the European financial industry and the
need for regulation and financial supervision.
Contents: List of Tables, Figures and Boxes / Preface
/ Acknowledgements / Notes on Contributors /
Acronyms and Abbreviations / R.Bottiglia, E.Gualandri&
G.N.Mazzocco: Consolidation in the Financial Industry
/ E.Geretto: M& A in Banking: A Literature Review
/ E.Geretto& G.N.Mazzocco: M& A in Banking:
Measurement of Some Effects / R.Ferretti, F.Pattarin&
V.Venturelli: M& A and Equity Risk in the EMU Financial
Sector / R.Bottiglia& L.Chiaramonte: M& A Activity
among Major European Banking Groups / R.Bottiglia&
A.Paltrinieri: Financial Crisis and Ownership of
Global Banks / V.De Crescenzo& F.Pichler: Bank Size,
Consolidation and Operational Risk / A.Dreassi & S.Miani:
Supervision of European Insurance Groups / S.Cotterli &
E.Gualandri: Cross-border Groups: Supervision after the
Crisis / Consolidation in the Stock Exchange Industry;
G.Chesini / J.Floreani& M.Polato: Measuring Value in
Stock Exchange Mergers / A.V.Guccione: Necessary
Reforms for Book–Entry Securities / Notes / References
/ Index
March 2010 264 pp 216x138mm
64 b/w tables, 15 figures and 4 illustrations
Hardback £65.00 978-0-230-23322-5
Organizational Technologies
System Architectures, Practices and Risks in the
Era of Deregulation
Edited by Alexandros-
Andreas Kyrtsis, Professor
of Sociology, University of
Athens, Greece
This book is a valuable
companion for everyone
who is interested in
the historical context
of the co-evolution of
financial markets and
information technologies
in the last thirty years.
The contributors analyze
system architectures and
solution technologies
in banking and finance by focusing on the
particularities of certain practices and risks.
Contents: List of Figures / List of Tables / Preface /
Notes on Contributors / A-A.Kyrtsis: Introduction:
Financial Deregulation and Technological Change /
S.Battilossi: The Eurodollar Revolution in Financial
Technology: Deregulation, Innovation and Structural
Change in Western Banking / J.Pixley: Tensions between
Economic Policies, Technology, and Banker’s Professional
Perceptions / D.MacKenzie: Opening the Black-Box of
Global Finance / D.Gugerli: Data Banking: Computing
and Flexibility in Swiss Banks 1960-1990 / B.Bátiz-Lazo
& C.Reese: Is the Future of ATM Past? / S.V.Scott:
Understanding the Characteristics of Techno-Innovation
in an Era of Self-Regulated Financial Services / A-A.
Kyrtsis: Organizational Diversity, Network Topologies and
the Manageability of Banks / Author and Name Index /
Subject Index
August 2010 272pp 216x138mm
8 figures and 5 b/w tables
Hardback £65.00 978-0-230-23405-5

1000s of scholarly ebooks available at www.palgraveconnect.com, ask your librarian to request a trial 5
 BANKING

PALGRAVE MACMILLAN STUDIES The Swedish Currency Internationalization:

IN BANKING & FINANCIAL Financial Revolution Global Experiences and
INSTITUTIONS CONT... Implications for the Renminbi
Edited by Anders Ögren,
Assistant Professor, EHFF
Edited by Wensheng Peng,
Institute for Research in
Financial Instability Economic and Business
Head of China Research,
Barclays Capital and Chang
History, Stockholm School of
Toolkit for Interpreting Boom and Bust Cycles Shu, Researcher, Hong Kong
Economics, UK
Monetary Authority
Vincenzo D’Apice, How did Sweden go from
Economist, Research This is the first book
a financially backward to collect academic
Department, Italian Banking country to one with a
Association, Italy and studies examining issues
well functioning financial related to the potential
Giovanni Ferri, Professor of system? Why did this
Economics, University of Bari, internationalization of
financial revolution occur the Renminbi. It considers
Italy after the mid-nineteenth policy implications,
This book explains what century and not before? documents the rising
is behind the wave of This book discusses the regional importance
increasingly frequent role of politics and economics in this change and of the Renminbi and
and severe financial what it means for economic development, market discusses key issues in the increasing use of the
crises since the 1980s. integration and financial crises. Renminbi in international trade and finance.
It links theoretical and Contents: Notes on Contributors / A.Ögren: The Swedish
policy misconceptions Contents: List of Figures / List of Tables / Notes on
Financial Revolution: An In-Depth Study / K.Nyberg:
to explain, in plain Contributors / Foreword / PART I: INTERNATIONAL
The Early Modern Financial System and the Informal
words, why and how global finance needs fixing. EXPERIENCES / Global Roles of Currencies / External
Credit Market / K.Lilja: The Revolution of a Market
Otherwise, the world may not withstand the next, Use of the African Rand / Internationalizing a Currency:
for Household Savers, 1820-1910 / T.Petersson: The
even bigger, financial crisis. The Case of the Australian Dollar / Foreign Exchange
Growth and Characteristics of Bank Lending, 1860–1910
Liberalization and its Implications: The Case of the
Contents: F.Allen: Foreword / Introduction / PART I: / A.Ögren: The Modernization of the Bank of Sweden,
Korean Won / PART II: ISSUES ON INTERNATIONAL
UNDERSTANDING FINANCIAL CRISES / Theories of 1850–1880 / H.Lindgren: The Evolution of Secondary
USE OF RENMINBI / The Potential of the Renminbi as an
Financial Crises / Macro Models of Financial Crises / Micro Financial Markets, 1820-1920 / H.Lobell: Financial Market
International Currency / Pros and Cons of International
Models of Financial Crises / Transmission Channels of Integration, 1830–1890 / O.Broberg: Incorporation and
Use of the RMB for China / Renminbi Internationalization:
Financial Crises / International Monetary Fund / PART Financial Modernization / M.Lönnborg & M.Olsson:
Empirical and Policy Analysis / The Effects of the
II: LIBERALIZATION, CRISES AND MEGA CORPORATE The Financial Revolution and the Insurance Industry
Internationalization of Renminbi on the Finance Industry
BANKRUPTCIES / The Great Depression / From Bretton / M.Larsson: The State and the Financial System -
of China / Internationalization of the Renminbi and
Woods to Financial Globalization / Recent Financial Regulation and Regime Change around 1900 / H.Sjögren
its Implications for Monetary Policy / Impact of the
Crises / Mega-Bankruptcies of the Early 2000s / PART III: & S.Knutsen: Institutional Clash and Financial Fragility:
Renminbi Exchange Rate on Asian Currencies / Notes /
THE GREAT CRISIS OF 2007-2009 / The Great Crisis of Sweden’s Financial Crises / A.Ögren & R.Sylla: What We
Bibliography / Index
2007-2009 / Crisis in Academic Economics / Conclusions Can Learn from the Swedish Financial Revolution: An
International Comparison / Notes / Bibliography / Index November 2009 264pp 216x138mm
and Perspectives 63 b/w tables, 23 figures, 9 graphs,
May 2010 248pp 216x138mm February 2010 248pp 216x138mm 2 illustrations and 22 charts
55 figures and 3 b/w tables 19 figures and 10 b/w tables Hardback £65.00 978-0-230-58049-7
Hardback £65.00 978-0-230-24811-3 Hardback £65.00 978-0-230-23404-8
ebook available from: Palgrave Connect Economics &
Finance Collections
Please use the following ISBN to receive all future
books published in this series
Hardback: 978-1-4039-4872-4

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 BANKING

Central Bank Reserves and Interest Rate Models, Asset Central Bank Independence,
Sovereign Wealth Management Allocation and Quantitative Accountability, and Transparency
Techniques for Central Banks and A Global Perspective
Edited by Arjan B. Berkelaar,
Principle Investment Officer Sovereign Wealth Funds
and Head of Multi Asset Class Edited by Bernard J. Laurens,
Investment Strategies, World International Monetary Fund,
Edited by Arjan B. Berkelaar,
Bank, USA, Joachim Coche, Marco Arnone, Catholic
Principle Investment Officer
Senior Asset Management University, Italy and
and Head of Multi Asset Class
Specialist, Bank for Jean-Francois Segalotto,
Investment Strategies, World
International Settlements, Research Fellow, CeMaFiR
Bank, USA, Joachim Coche,
Switzerland and Ken Senior Asset Management This book explores three
Nyholm, Senior Economist, Specialist, Bank for key areas of central
European Central Bank, International Settlements, banking and governance -
Germany Switzerland and Ken autonomy, accountability
Nyholm, Senior Economist, and transparency. It
European Central Bank, looks at links between
Germany the areas, as well as
This is an edited collection of essential readings assessing the impact of
on Reserves Management and Sovereign Wealth central bank autonomy
Management, from the recent SAA conference on macroeconomic performance. The issues
organized by the Bank for International This edited volume contains essential readings for are approached from theoretical and empirical
Settlements, the European Central Bank and the financial analysts and market practitioners working perspectives.
World Bank Treasury. It offers an exchange of views at Central Banks and Sovereign Wealth Funds. It June 2009 296pp 216x138mm
on technical and implemental issues of financial presents the reader with state-of-the-art methods 66 b/w tables and 13 figures
models. that are directly implementable, and industry Hardback £65.00 978-0-230-20107-1
Contents: List of Illustrations / Preface / Introduction / ‘best-practices’ as followed by leading institutions
in their field. International Monetary Fund series
About the Editors / Notes on Contributors / B.Litterman:
Dinner Speech: Asset Allocation in a General Equilibrium Contents: List of Illustrations / Preface / Introduction
Framework / PART I: CENTRAL BANK RESERVES / About the Editors / Notes on Contributors / PART I:
MANAGEMENT / K.Rybinski & U.Krynska: Global INTEREST RATE MODELLING AND FORECASTING / r Guide to Mathematical Modelling
Reserves Management / A.Joia & J.Coche: Conceptual / PART II: PORTFOLIO OPTIMISATION TECHNIQUES
Issues in Central Bank Strategic Asset Allocation / / PART III: ASSET CLASS MODELLING AND 2nd edition
J.Bonza, N.Gomez & R.Pabon: Strategic Asset Allocation: QUANTITATIVE TECHNIQUES /
Balancing Short-Term Liquidity Needs and Real Capital Dilwyn Edwards, Senior Lecturer, School of
Preservation / U.Kisoen: Asset Liability Management A Full Table of Contents is Available at: Mathematics, Statistics and Scientific Computing,
for Central Banks / S.Fisher: Combating Intervention www.palgrave.com University of Greenwich, UK, Michael Hamson, Senior
Risks / V.Sahakyan & J.Coche: Reserves Adequacy November 2009 408pp 216x138mm Lecturer, Department of Mathematics, Glasgow
and Diversification / PART II: SOVEREIGN WEALTH tables, figures and graphs Caledonian University and David Towers, Head of
MANAGEMENT / F.Weinberger, B.Lee & D.Rogal: Asset Hardback £70.00 978-0-230-24012-4 Mathematics, University of Lancaster, UK
Allocation and Portfolio Construction for Sovereign ebook available from: Palgrave Connect Economics &
Wealth Managers / B.Scherer: A Note on Portfolio Choice A basic introduction to Mathematical Modelling,
Finance Collections this book encourages the reader to participate in
for Sovereign Wealth Funds / B.Scherer: Portfolio Choice
for Oil Based Sovereign Wealth Funds / S.Claessens & the investigation of a wide variety of modelling
J.Kreuser: Strategic Investment and Risk Management examples. These are carefully paced so that the
for Sovereign Wealth Funds / Y.Zhang, X.Wei& Y.Hou: readers can identify and develop the skills which
Optimal Scale and Asset Allocation for SWF: China’s are required for successful modelling. The examples
Case / M.Fidora & R.Beck: The Impact of Sovereign also promote an appreciation of the enormous
Wealth Funds on Global Financial Markets / R.Molenaar, range of problems to which mathematical
R.Hoevenaars & E.Ponds: Public Investment Funds modelling skills can be usefully applied.
and Value-Based Generational Accounting / Notes / October 2001 336pp 246x189mm
Bibliography / Appendix / Index Paperback £31.99 978-0-333-79446-3
December 2009 416pp 216x138mm Mathematical Guides
graphs and tables Series Editor: David Towers
Hardback £70.00 978-0-230-58089-3

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 BANKING • MONETARY ECONOMICS

Banking in Turmoil MONETARY ECONOMICS

Strategies for Sustainable Growth
Steven I. Davis, Managing
Director, Davis International
Banking Consultants
HIGHLIGHT
'A provocative discussion
of what the banking The Rise and Fall of an Economic Empire
landscape might look
like after the crisis and With Lessons for Aspiring Economies
practical advice for
meeting the growing Colin Read, Professor of Economics and Finance, SUNY College at
demands of customers, Plattsburgh, USA
staff, investors and
politicians. If banks are We have seen many empires come and go. From the Roman
looking for a guide on Empire to the British Empire, we are now witnessing the decline
how to restructure for of the US as a superpower. How do economic innovations foster
the future, this is it.’ - Sir Brian Pitman, Former global economic dominance, and how does the natural evolution
Chairman, Lloyds Bank Group of an economic empire eventually bring about its demise and
In a time of widespread crisis and uncertainty in the replacement by other economic superpowers?
banking world, this interview-based book analyzes
how bank management is reassessing strategic Contents: Introduction / PART I: FROM 10,000 B.C. TO 1776 – THE
models. DISCOVERY OF ECONOMIES OF SCALE / An Economic Prehistory to
Economic Emperors / Barter, Economic Emperors, and the Decentralized
Contents: List of Figures / List of Institutions Interviewed
Marketplace / Specialization and Surpluses / The First Industrial
/ Preface / Introduction / From Sub-prime to Quasi-
nationalization: What Actually Happened in 2007-2008 Revolution / Colonialism Puts Sugar in Our Tea / PART II: A SECOND INDUSTRIAL REVOLUTION
/ Generic Lessons from the Turmoil: What Have We / A Declaration of Economic Independence / An Economic Bill of Rights / Dominance Through
Learned for Future Reference? / The Lessons for Future Economics / Private Solutions to Public Problems / PART III: THE NEW MERCANTILISTS / The
Risk Management / Business Models: How Might They Consumer as King / A New Colonialism / Dependency Economics / PART IV: ASPIRING NATIONS
Evolve / The Role of Leadership and Culture / Projecting / Transfer of Technology / Economic Imitation is the Sincerest Form of Flattery / Heckscher,
Past Experience: How Might Bank Profitability and Ohlin, and Two Billion / Hungry and Willing to Work for Change / PART V: GROWING PAINS /
Returns Evolve? / Case Studies of Successful Business Complex Economic Systems / Herding Cats and Chaos Theory / Too Big to Fail / Private Property
Models / Outlook for the Future and Unresolved Issues / Gives Way to the Public Good / The Winner’s Curse / PART VI: A NEW ECONOMIC ORDER / The
Bibliography
Politics of a Consumption Economy / Gradual economic Marginalization / A New Economic Order
September 2009 120pp 216x138mm / Convergence / PART VII: FROM WHERE HAVE WE COME, AND WHERE WILL WE GO? / The
17 figures
Hardback £60.00 978-0-230-23571-7
Dance of Demographics / Steady State and Sustainability / Economic Darwinism and Dinosaurs /
Prescriptions for Relevance / Conclusions
ebook available from: Palgrave Connect Economics &
Finance Collections
September 2010 304pp 234x156mm
24 figures
Hardback £25.00 978-0-230-27370-2

8 Order securely online at www.palgrave.com or telephone +44 (0)1256 302866

 MONETARY ECONOMICS • QUANTITATIVE METHODS

Money and Calculation German Monetary QUANTITATIVE METHODS

Economic and Sociological Perspectives Theory Revisited
Edited by Massimo Amato, Luigi Doria and Luca Riccardo Bellofiore, Associate Professor of Economic
Fantacci, all at Bocconi University, Italy Science, University of Bergamo, Italy
Money is an important instrument of calculation: This book focuses on the early contributions
as a unit of account and means of payment, to monetary and business cycle theory from
it serves the purpose of exchange. Yet, it is Menger to Mises and Hayek, and considers how
increasingly becoming itself an object of exchange these debates influenced the course of later
and calculation on financial markets, which tend
economic thought until today. Other lead figures
less to the production and exchange of real goods. re-examined include Schumpeter, Machlup and
The question therefore is: has the economy lost its Neisser; less-known key authors covered include
measure? Albert Hahn and Carl Foehl.
Contents: M.Amato, L.Doria& L.Fantacci: Introduction December 2010 302pp 216x138mm
/ J.Cartelier: Money is the Scribe of a Market Economy Hardback £65.00 978-0-333-76113-7
/ Y.Biondi: Money without Value, Accounting without
Measure: How Economic Theory can Better Fit the
Economic and Monetary System We Live / M.Amato:
Silence is Gold. Some Preliminary Notes on Money,
David Laidler’s
Speech, and Calculation / L.Fantacci: What Kind of Contributions to Economics
Calculation is implied in the Money Rate of Interest? /
D.Bryan& M.Rafferty: A Time and a Place for Everything: Edited by Robert Leeson,
Foundations of Commodity Money / L.Doria: Calculating Associate Professor of
Life and Money as Resources / B.Maurer: Repressed Economics, Murdoch
Futures: Financial Derivatives’ Theological Unconscious / University, Australia
H.Kalthoff & U.Vormbusch: Representing and Modelling:
The Case of Portfolio Management / A.Preda: Brief This book provides a
Encounters: Calculation and the Interaction Order of collection of essays by
Anonymous Electronic Markets leading economists in
honour of David Laidler’s
September 2010 256pp 216x138mm contributions to the field
Hardback £60.00 978-0-230-27777-9 of macroeconomics,
Bocconi on Management with important essays
on central banking,
monetary policy
implementation, inflation
targeting, monetary
theory, monetary framework debates, and the
mathematical theory of banking.
February 2010 392pp 234x156mm
3 charts, 7 figures and 7 tables
Hardback £70.00 978-0-230-01898-3
A Primer for Unit Root Testing
Kerry Patterson, Professor of Economics, University of
Reading, UK
'I would like to congratulate you on writing what
I consider to be the most accessible and helpful
book on the subject of Time Series Analysis.’ -
Professor Abdul Ghaffar Mughal, Central Asian
Academy, Tashkent, Uzbekistan
This book gives an authoritative overview of the
literature on non-stationarity, integration and
unit roots, providing direction and guidance. It
also provides detailed examples to show how the
techniques can be applied in practical situations
and the pitfalls to avoid.
March2010 302pp 216x138mm
Hardback £67.50 978-1-4039-0204-7
Paperback £24.99 978-1-4039-0205-4
Palgrave Texts in Econometrics
Series Editor: Kerry Patterson
ebook available from: Palgrave Connect Economics &
Finance Collections
Applied Econometrics
A Modern Approach Using Eviews and Microfit
Revised edition
Dimitrios Asteriou,
Professor of Economics, City
University London, UK and
Stephen G. Hall, Professor
of Economics, University of
Leicester, UK
This revised edition of
Applied Econometrics is
an ideal text for students
who are looking for a
reliable and practical
grounding in the subject.
Students are introduced
to the various forms of
econometric data and
shown how to transfer and use the data in the most
popular software packages.
March 2007 436pp 246x189mm
Paperback £30.99 978-0-230-50640-4

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 QUANTITATIVE METHODS • FINANCE & FINANCIAL MARKETS

Essential Quantitative Methods Business Statistics FINANCE AND FINANCIAL

For Business, Management and Finance for Non-Mathematicians MARKETS
4th edition 2nd edition
Les Oakshott, Senior Sonia Taylor, formerly
Private Equity
Teaching Fellow and Practice Senior Lecturer, School of The German Experience
Link Manager, Warwick Computing and
Business School, University of Mathematics, University of Paul Jowett and Francoise
Warwick, UK Huddersfield, UK Jowett, both at L.E.K.
Comprehensive and Consulting Gmbh, Germany
Business Statistics is a
practical, this text is student-friendly book This tells the story of
packed with real world written to encourage first the development of the
examples and case year business students to private equity industry
studies. Focused on understand (and enjoy!) in Germany. It is the first
problem-solving and their first experience comprehensive history of
completely updated for of statistics. Each topic the private equity industry
the fourth edition it is is well illustrated, with for any country, revealing
supported by extensive worked examples, tutorial the vicissitudes of private
online resources. sheets, supplementary equity investing, warts
Contents: Preface / Notes / Acknowledgements / PART I: exercises, and computer worksheets in SPSS, and all. It is an engaging
MATHEMATICAL APPLICATIONS / Revision Mathematics Minitab and Excel - all with answers provided. chronicle for anyone
/ Keeping up with Change: Index Numbers / Choosing February 2007 384pp 246x189mm
interested in the industry
Wisely: Investment Appraisal / PART II: COLLECTING& Paperback £33.99 978-0-230-50646-6 or the modern German economy.
INTERPRETING DATA / Collecting Data: Surveys and Contents: List of Figures / List of Tables / Preface
Samples / Finding Patterns in Data: Charts and Tables / / Acknowledgements / Introduction / Minority
Making Sense of Data: Averages and Measures of Spread Participations: 1965-1975 / The Failed Venture Capital
/ PART III: PROBABILITY& STATISTICS / Taking a Chance: Experiment: 1976-1991 / The Early Shoots: GENES
Probablility / The Shape of Data: Probability Distributions Ventures & Matuschka/TVM / The First Phase: From
/ Interpreting with Confidence: Analysis of Sample Data Venture Capital to LBOs / The Second Phase: 3i, CVC,
/ Checking Ideas: Testing a Hypothesis / Cause and Bain, and Matuschka / The Third Phase: Trial and Error
Effect: Correlation and Regression / PART IV: DECISION with LBOs / The Schroders’ Story of the 1980s / The
MAKING TECHNIQUES / How to make Good Decisions 1984-1991 Experience in Retrospect / The Fourth Phase:
/ Forecasting: Time Series Analysis / Making the Most of Frustrating Times 1992-1994 / East German Adventures /
Things: Linear Programming / Planning Large Projects: The Fifth Phase: Retrenchment & Spin-offs: 1995-1996 /
Network Analysis / Managing Stock Levels: Materials The Sixth Phase: The Tsunami Begins / The Seventh Phase:
Mangement and Inventory Control / Taking Account of 2001: The Collapse and its Aftermath / The Eighth Phase:
Randomness / Appendices / Index The Booming Market: 2004-2007 / The Ninth Phase: The
March 2009 528pp 246x189mm Fall / What did Private Equity Ever do for Germany? / A
80 colour tables, 20 diagrams and 50 graphs Note on Sources
Paperback £34.99 978-0-230-21818-5
October 2010 480pp 216x138mm
photographs of interviewees
Hardback £75.00 978-0-230-53776-7

10 Order securely online at www.palgrave.com or telephone +44 (0)1256 302866

 FINANCE & FINANCIAL MARKETS

Financial Globalization Determinants of Crisis: Cause,

Growth, Integration, Innovation and Crisis
Dilip K. Das, Professor of
International Economics,
School of Business,
Contestoga College, Canada
The recent crisis has
redrawn attention to
financial globalization.
Dilip Das examines under
what circumstances it can
be welfare-enhancing and
lead to rapid economic
growth. Written in an
accessible style, the book
gives the latest insights on
the topic.
Contents: The Evolution and Unfolding of Financial
Globalization / Financial Globalization and the Shifting
Sands of the Contemporary Financial Markets / Current
Global Financial Crisis and the Approaching Recovery /
Financial Globalization and the Integrating Emerging-
Market Economies / Macroeconomic Ramifications of
Financial Globalization / Sovereign-Wealth Funds: A
Paradigm Shift in Capital Flows in the Global Economy
September 2010 336pp 216x138mm
7 b/w tables and 1 figure
Hardback £70.00 978-0-230-27860-8
The Venture Capital Investment
Process
Darek Klonowski, Professor of Business Administration,
Brandon University, Canada (has worked in the venture
capital industry for over fifteen years)
The book provides one of the most comprehensive
overviews of the internal and external challenges of
processing venture capital deals, providing an eight
stage investment model that breaks down each
part of the deal into its own specific challenges and
rewards.
September 2010 288pp 234x156mm
Hardback £52.50 978-0-230-61288-4
Financial Development Containment and Cure
Thomas F. Huertas, Director
Yongfu Huang, Post- Banking Sector, Financial
doctoral Researcher, Services Authority, UK
University of Cambridge, UK.
Since 2006, he has initiated The current crisis is
and maintained the Financial emerging as the most
Development Resources severe downturn since the
website (http://www. Great Depression. This
landecon.cam.ac.uk/yh279/ book examines its cause,
fdrnew.html). He is leading the efforts to contain the
the NewEDGE project at crisis and proposes a cure
Cambridge, which is a large that will limit the risk that
project studying the such crises could recur in
decarbonization of global the future.
economy.
This book examines the emergence of both Contents: Introduction / PART I: CAUSE / Rational
financial markets and carbon markets, and provides Exuberance? The Great Moderation and the Search for
an in-depth investigation on the fundamental Yield / Fair Weather Finance / PART II: CONTAINMENT
determinants of financial development. It looks / Conditional Containment / Moving Toward Meltdown:
at specific studies from an economic, political and The Failure of Lehman Brothers and its Aftermath /
geographical perspective. Unconditional Containment / PART III: CURE / Better
September 2010 240pp 216x138mm Resolution / Better Deposit Guarantee Schemes / Better
27 b/w tables and 9 figures Macroeconomic Policy / Better Regulation / Better
Hardback £65.00 978-0-230-27367-2 Supervision / Conclusion: Toward a Globally Consistent
Framework / Notes / References / Index
May 2010 240 pp 216x138mm
Consumer Culture 40 figures and 4 b/w tables
Hardback £65.00 978-0-230-23618-9
and Personal Finance
Money Goes to Market Financial Institutions
Jacqueline Botterill, Assistant Professor, Brock and Markets
University, Canada
2007-2008 — The Year of Crisis
This book explores the personal savings and
credit discourses surrounding post-war British Edited by George G. Kaufman, Professor of Business
consumer culture. This cultural history highlights Administration, Loyola University, USA and Robert
the contradictory meanings of home ownership, R. Bliss Professor, Calloway School of Business and
domesticity, women’s consumerism, and banking Accountancy, Wake Forest University, USA
deregulation that underwrote unprecedented
financial crisis and consumer indebtedness. This book is a collection of research papers that
contribute to the understanding of ongoing
January 2010 264pp 216x138mm developments in financial institutions and markets
2 b/w illustrations both in the United States and globally.
Hardback £55.00 978-0-230-00867-0
November 2009 228pp 216x138mm
Consumption and Public Life Hardback £60.00 978-0-230-61927-2
Series Editors: Frank Trentmann and Richard Wilk
ebook available from: Palgrave Connect Economics &
Finance Collections

1000s of scholarly ebooks available at www.palgraveconnect.com, ask your librarian to request a trial 11
 FINANCE & FINANCIAL MARKETS
Anatomy of a Financial Crisis
A Real Estate Bubble, Runaway Credit Markets,
and Regulatory Failure
Marc Jarsulic, Economist and
Attorney who works in
Washington, D.C. He has
been Professor of Economics,
University of Notre Dame,
USA, Senior Risk Advisor, U.S.
Securities and Exchange
Commission, and has
practiced antitrust law at the
Federal Trade Commission
and in private practice
An indepth look at the
origins and development
of the current financial
crisis, from an economist
and Washington insider. Jarsulic explains how
a wide array of financial institutions, including
mortgage banks, commercial banks, and
investment banks created a credit bubble that
supported nonprime mortgage lending and helped
to inflate house prices.
Contents: The Building Blocks of the Financial Crisis /
/ The House Price Bubble Ends, the Foreclosure Wave
Begins / The Credit Bubble Bursts, the Financial Crisis
Begins / Who Caused this Disaster? / Implications and
Solutions
April 2010 208pp 234x156mm
Hardback £42.50 978-0-230-61568-7
Follow Palgrave Macmillan on
Facebook®. Become a ‘fan’ of our
Facebook® page to get the latest
news, reviews and event invites.
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12 Order securely online at www.palgrave.com or telephone +44 (0)1256 302866
Finance & Financial Markets
3rd edition
Keith Pilbeam, Professor of
International Economics and
Finance, City University
London, UK
'Comprehensive, student-
friendly text...provides a
terrific introduction for
students on economics,
finance and business
programmes.' - John
Goddard, Professor of
Financial Economics,
Bangor University, UK
'Pilbeam has created a comprehensive textbook
that will skillfully guide students through the
essential building blocks of modern finance...'
- Gabriele M. Lepori, Assistant Professor,
Department of Finance, Copenhagen Business
School, Denmark
Finance & Financial Markets is a comprehensive
and accessible introduction to finance, making the
operation of financial institutions, markets and
instruments readily understandable for students
on business, economics and finance courses and
those wanting to understand the workings of the
financial world.
Contents: The World of Finance / Financial
Intermediation and Financial Markets / Financial
Institutions / Monetary Policy and Interest Rate
Determination / Domestic and International Money
Markets / The Domestic and International Bond Market
/ Portfolio Analysis: Risk and Return in Financial Markets
/ The Capital Asset Pricing Model / Stockmarkets and
Equities / The Efficiency of Financial Markets / The
Foreign Exchange Market / Theories of Exchange Rate
Determination / Financial Futures / Options / Option
Pricing / Swap Markets / Financial Innovation and the
Credit Crunch / Regulation of the Financial Sector
March 2010 544pp 246x189mm
70 figures and 80 tables
Paperback £39.99 978-0-230-23321-8
Progress-Driven Entrepreneurs,
Private Equity Finance and
Regulatory Issues
Zuhayr Mikdashi, Professor
of Banking and Financial
Systems, University of
Lausanne, Switzerland
With a Contribution by
Benoit Leleux
Foreword by Samuel L.
Hayes, III
'Professor Mikdashi’s new
book on entrepreneurship
via the private equity
route is propitiously
timed…This book is rich
in insights.’ - Samuel L.
Hayes, Harvard Business School, USA
Durable business performance is crucially
dependent on a stakeholders’ strategy and
accessible entrepreneurial finance available within
macro-economic and regulatory environments.
These reflections on issues and policies of
progress are mainly concerned with enabling
entrepreneurial risk-takers to operate within an
optimal business environment.
Contents: List of Exhibits& Boxes / About The Author
/ Acknowledgements / S.Hayes: Foreword / Preface /
PART I: ENTREPRENEURS OVERCOMING SOCIETAL
CHANGES / Case Studies / PART II: FINANCIERS AS
BUSINESS DEVELOPERS / Diversity of Entrepreneurial
Financiers / Strategies for Investee Companies /
Transaction Approaches for Business Deals / Vying for
Gain / PART III: INVESTMENT DYNAMICS / Private Equity
as Wealth Recycler; B.Leleux / A Concluding Reflection
/ Index
December 2009 216pp 216x138mm
Hardback £60.00 978-0-230-51498-0
ebook available from: Palgrave Connect Economics &
Finance Collections
 FINANCE & FINANCIAL MARKETS

Capital Market Instruments FINANCE AND Dark Pools

Analysis and Valuation CAPITAL MARKETS SERIES The Structure and Future of Off-Exchange Trading
3rd edition and Liquidity
Series Editor: Erik Banks, Senior Risk Advisor,
UniCredit Group Erik Banks, Head of Risk
Moorad Choudhry, Head of
Associate Editor: Gianluca Oricchio, General Management, UniCredit,
Treasury, Europe Arab Bank
Manager, CBM University, Italy Germany
plc, UK, Didier Joannas,
Regional Director, Thomas The Finance and Capital Markets series is designed 'This is an excellent book.
Reuters, North Asia, Gino to bring you authoritative, yet accessible, It is bang up-to-date,
Landuyt, Head of Treasury books written by experts in their field. These in what is a very fast
Sales, Europe Arab Bank plc, books provide clear, practical guidance not only changing area. It is clearly
UK, Richard Pereira, for industry professionals, but also serve as a written, and provides
Investment Actuary and Rod framework of current analysis for scholars and
Pienaar, Executive Director,
a very comprehensive
form a comprehensive reference resource for description of these
UBS AG Prime Services, UK
libraries. markets and how they
Foreword by Vince Cable, work. While it fully
MP
Risk and Financial Catastrophe covers dark pools, its
coverage is much wider
Revised and updated guide to some of the most than that - covering trading in equity markets
important issues in the capital markets today, Erik Banks, Head of Risk
Management, UniCredit, more generally.’ - Professor Charles Sutcliffe,
with an emphasis on fixed-income instruments. ICMA Centre, University of Reading, UK
Fundamental concepts in equity market analysis, Germany
foreign exchange and money markets are also The risk process Dark Pools is a practical text dealing with the
covered to provide a comprehensive overview. commonly used in increasingly important topic of dark pools, or
Analysis and valuation techniques are given for the corporate world non-displayed, off-exchange trading and liquidity.
practical application. to deal with risks may It discusses the development of the equity trading
be suitable for non- marketplace over the past two decades and how
Contents: PART I: INTRODUCTION / Introduction to
catastrophic events, but dark pools may evolve in a post-financial crisis
Financial Market Instruments / Market-Determined
not for extreme events. By world.
Interest Rates and the Time Value of Money / The 2007-
2008 Financial Market Crisis: Origins and Lessons Learned analyzing a series of past Contents: PART I: THE NATURE OF CATASTROPHE /
/ PART II: DEBT CAPITAL MARKET CASH INSTRUMENTS / disasters and the relevant Taxonomy of Risk / Catastrophes / Financial Catastrophe
Money Market Instruments and Foreign Exchange / Fixed ‘lessons learned’, this / PART II: THE RISK FRAMEWORK / The Risk Management
Income Securities I / Fixed Income Securities II: Interest book proposes a series of Process / Models, Metrics and Limitations / PART III:
Rate Risk / Fixed Income Securities II / Option Adjusted prescriptive measures to PRACTICAL MANAGEMENT / Past Catastrophes /
Spread Analysis I / Interest Rate Modelling / Fitting the cope with future disasters. Lessons Learned and Prescriptive Measures / The Future of
Yield Curve / Spline Methodology and Fitting the Yield Contents: PART I: THE NATURE OF CATASTROPHE / Risk Management / Notes / Bibliography / Index
Curve / Inflation-Index Bonds / PART III: STRUCTURED Taxonomy of Risk / Catastrophes / Financial Catastrophe April 2010 240pp 234x156mm
FINANCIAL PRODUCTS / Mortgage Backed Securities / PART II: THE RISK FRAMEWORK / The Risk Management 22 figures
I / Mortgage Backed Securities II / Collateralized Debt Process / Models, Metrics and Limitations / PART III: Hardback £130.00 978-0-230-23810-7
Obligations / PART IV: DERIVATIVE INSTRUMENTS / PRACTICAL MANAGEMENT / Past Catastrophes /
Short Term Interest Rate Derivatives / Swaps / Option Lessons Learned and Prescriptive Measures / The Future of
I / Options II / Options III / Credit Derivatives / PART Risk Management / Notes / Selected References / Index
V: EQUITY INSTRUMENT ANALYSIS / Introduction to
Equity Instrument Analysis / Introduction to Financial August 2009 224pp 234x156mm
53 figures
Ratio Analysis / PART VI: RATE APPLICATIONS Hardback £130.00 978-0-230-57731-2
SOFTWARE / Rate Computer Software
November 2009 576pp 234x156mm
graphs, tables and screenshots
Paperback £49.00 978-0-230-57603-2

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 FINANCE & FINANCIAL MARKETS

FINANCE AND CAPITAL Derivatives and Internal Models Global Custody

MARKETS SERIES CONT... 4th edition and Clearing Services
Hans-Peter Deutsch, Ross McGill, Managing
Strategy, Value and Risk Founder and Managing Director, T Consult and
Director of d-fine, Frankfurt, Globetax, UK and Naren
The Real Options Approach Germany Patel, Securities Industry
2nd edition Practioner, UK
Review of the 3rd ed
edition: 'Its accessible style,
Jamie Rogers, Executive coupled with excellent
Director, Weston Group, USA 'Whether you are looking
graphics and informed
for a standard reference
'The idea that options content, makes Global
or a stand-alone learning
exist in almost every Custody a worthwhile
guide, Derivatives
decision scenario is read for insiders and
and Internal Models
intuitively sensible. novices alike.’ - Securities
deserves a place on your
What we need to do is & Investment Review
bookshelf.’ - Risk
recognize them, assess The global custody product was conceived out
their value and include This book provides a thorough introduction to of changes to United States pension law. Today,
that value in the decision pricing and risk management of modern financial service providers act for clients in many countries
making process. This instruments formulated in precise mathematical worldwide, handling assets across one hundred
language, covering all relevant topics with such countries of investment. The range of services is
concise book effectively a depth of detail that readers are enabled to
gets those two basic ideas ever more sophisticated. Measured by the value of
literally develop their own pricing and risk tools. assets held under custody, it is a multi trillion dollar
over in a manner that can be understood by even Accompanying website with hundreds of real world
the most mathematically-challenges executives.’ industry.
examples
- Maria Barbera, Innovations E-newsletter June 2009 776pp 234x156mm Contents: PART 1: AN INTRODUCTION TO CUSTODY
67 figures and 22 b/w tables AND CLEARING / A Brief History of Custody / Custody
Updated and revised, this second edition applies Today / Key Issues / Clearing and Settlement / PART
advanced financial analytics within a strategic Hardback £130.00 978-0-230-22215-1
2: ASSET SERVICING / Asset Servicing Key Issues /
framework that recognizes an environment ebook available from: Dawson ERA, Ebook Library, Withholding Tax / OTC Derivatives / Trustee and Fund
where sustainable competitive advantage is a ebooks.com, Ebrary, Myilibrary, NetLibrary, Palgrave Accounting Services / Securies Financing and Lending
progressively more difficult task. Real Options offer Connect Economics & Finance Collections / PART 3: MANAGING RISK / Vendor Landscape /
the link to value and the strategic opportunities Corporate Governance / Network Management / PART 4:
that lie in an increasingly dynamic landscape TECHNOLOGY / Standards, Messaging and Mediation /
Contents: List of Figures and Tables / Preface / PART 5: THE FUTURE / The Future
Acknowledgements / Introduction / PART I THE December 2007 344pp 234x156mm
EVOLUTION OF STRATEGY, VALUE AND MEASURING Hardback £135.00 978-0-230-00700-0
RISK / Strategy: From Corporate Planning to Shareholder
Value / Valuation / Investment Risk / Five Shareholder
Value Case Studies / PART II DEVELOPMENTS IN Please use the following ISBN(s) to order all titles
STRATEGY, VALUE AND RISK MANAGEMENT / in the series:
Developments in Strategy / Real Options / Firm Value Hardback: 978-0-333-96273-2
/ Risk Management / PART III QUANTIFYING REAL Paperback: 978-0-230-57608-7
OPTIONS 59 / Derivatives / Data Analysis / Option
Pricing Methods / Implementing Real Options / PART
IV REAL OPTIONS CASE STUDIES AND PRACTICAL To view all titles in the series please visit:
IMPLICATIONS / Seven Strategic Real Options Case www.palgrave.com/fcm
Studies / Conclusion and Practical Implications /
References / Index
September 2009 224pp 234x156mm
54 figures and 33 b/w tables
Hardback £130.00 978-0-230-57737-4

14 Order securely online at www.palgrave.com or telephone +44 (0)1256 302866


FINANCIAL MANAGEMENT
Personal Investment
Financial Planning in an Uncertain World
Edited by Mariana
Mazzucato, Jonquil Lowe,
Alan Shipman and Andrew
Trigg
'The authors unlock
the doors to the secrets
of what every private
investor should know
- how to secure a more
certain tomorrow by
embracing the risks and
perils of a less-than-
certain world today.
– David Kuo, Investment
Expert, The Motley Fool, www.fool.co.uk
This innovative new teaching text provides an
introduction to personal investment in a world
defined by uncertainty. With a focus on risk, socio-
economic change and the regulatory framework,
and a wealth of international case studies, the
book covers all the key issues that affect personal
investment decisions and their ultimate success or
failure.
Contents: Themes in Personal Investment / Structure of
the Book / PART ONE: PRODUCTS AND PLAYERS / From
Saving to Investment / Investment Choices / PART TWO:
STRATEGIES AND MARKETS / Risk-return Strategies
/ Markets and Players / PART THREE: BUBBLES AND
THE ECONOMY / Economic Fluctuations / Bubbles and
Investment Behaviour / PART FOUR: REGULATION AND
THE LONG TERM / Regulating the Financial System /
Investing for the Long Term
March 2010 448pp 246x189mm
Paperback £36.99 978-0-230-24660-7
Co-published with The Open University
1000s of scholarly ebooks available at www.palgraveconnect.com, ask your librarian to request a trial
Strategic Performance
Management
A Managerial and Behavioural Approach
Andre De Waal, Associate
Professor of Management,
Maastricht School of
Management, The
Netherlands
Strategic Performance
Management provides
students with the tools
and understanding to
evaluate how a business
is performing. Grounded
in the latest academic
research, it integrates
practical insights
from current industry
developments. This balanced mix of theory and
practice is particularly attractive to MBA students.
Contents: PART ONE: INTRODUCING STRATEGIC
PERFORMANCE MANAGEMENT / Introduction /
Strategic Performance Management / PART TWO:
THE STRATEGIC PERFORMANCE MANAGEMENT
DEVELOPMENT CYCLE / Designing a Strategic
Management Model / Responsibility Structure /
Scenarios and Strategic Objectives / Strategic Action
Plans / Designing a Strategic Reporting Model / Balanced
Scorecard / Exceptions, Actions and Rolling Forecasts /
Performance Management ICT Architecture / Designing a
Performance-Driven Behavioural Model / Organisational
Performance-Driven Behaviour / Individual Performance-
Driven Behaviour / Strategic Alignment / PART
THREE: IMPLEMENTING STRATEGIC PERFORMANCE
MANAGEMENT / Implementation / PART FOUR:
SPECIALS / Performance Management in the Public
Sector / Performance Management in Developing
Countries / Appendix
October 2006 432pp 234x156mm
Paperback £32.99 978-1-4039-9884-2
FINANCIAL MANAGEMENT
Shipping Derivatives
and Risk Management
Amir H. Alizadeh, Director
MSc Energy, Trade and
Finance and Nikos K.
Nomikos, both at Cass
Business School, City
University, UK
‘A thorough investigation
of the fascinating
shipping markets by
experts in the field.
A “must have” for
practitioners and
researchers in the
commodity world.’ -
Helyette Geman, Director, Commodity Finance
Centre, Birkbeck College, University of London
and ESCP-EAP
Acomprehensive book on shipping derivatives and
risk management which covers the theoretical and
practical aspects of financial risk in shipping. The
book provides a thorough overview of the practice
of risk management in shipping with the use of
theoretical examples and real-life applications.
Contents: Introduction to Risk Management and
Derivatives / Introduction to Shipping Markets /
Statistical Tools for Risk Analysis and Modelling / Freight
Market Information / Forward Freight Agreement /
Technical Analysis and Freight Trading Strategies /
Options on Freight Rates / Pricing and Risk Management
of Option Positions / Value-at-Risk in Shipping and
Freight Risk Management / Financial and Interest Rate
Risk Management in Shipping / Credit Risk Measurement
and Management in Shipping / Ship Price Risk and Risk
Management / Real Options and Optionalities in Shipping
April 2009 528pp 216x138mm
Hardback £75.00 978-0-230-21591-7
ebook available from: Dawson ERA, Ebook Library,
ebooks.com, Ebrary, Myilibrary, NetLibrary, Palgrave
Connect Economics & Finance Collections
15
 FINANCIAL MANAGEMENT

Money Makers Greed and Corporate Failure The New International

Inside the New World of Finance and Business
The Lessons from Recent Disasters Money Game
Stewart Hamilton, 7th edition
David Snider Associate
Professor of Accounting and
Consultant, Bain & Company
Finance, IMD, Switzerland Robert Z. Aliber, Professor
and Chris Howard,
and Alicia Micklethwait, of International Economics
President’s Associates
Accountant and Writer and Finance, University of
Presidential Professor, Vice
President for Strategic and Foreword by Sir David Chicago Graduate School of
Leadership Initiatives; Tweedie Business, USA
Director, Honors College ‘Stewart Hamilton and The International Money
Leadership Center, University Game has been fully
of Oklahoma, USA and is a Alicia Micklethwait have
managed to produce a rewritten to take account
Rhodes Scholar of changes in the world
serious academic analysis
In the wake of global economy, it provides a
as a rattling good read. comprehensive overview
financial crisis the
businesses driving our Board rooms around the of international financial
modern economy have world should have this developments, including
changed. While elite fields of business and finance book as prescribed reading.’ - Sir Robert Smith, both the structure of
play a dominant role in the global economy, how Chairman, Scottish and Southern Energy plc and payments arrangements
they work remains a mystery to most outsiders. The Weir Group plc and the series of credit and asset bubbles and the
Money Makers reveals the selective and secretive financial crises.
April 2006 224pp 234x156mm
industries of the private sector that drive the Hardback £29.00 978-1-4039-8636-8 June 2010 376pp 234x156mm
modern economy. Hardback £75.00 978-0-230-01894-5
Choice Outstanding Academic Title 2006 Paperback £24.99 978-0-230-01897-6
Contents: Introduction / The Billionaire Borrowers:
Private Equity and Leverage Buyouts / From ‘Gaga’ to ebook available from: Barnes & Noble, Inc., Dawson
Google - The Shepherds of Business from Infancy to ERA, Ebook Library, ebooks.com, Myilibrary,
Infamous: Venture Capital and Entrepreneurship / The NetLibrary, Palgrave Connect Business &
Billion Dollar Brokers of Investment Banking / The Million Management Collections, Waterstone’s Financial Management
Dollar Analysis of Management Consulting / Market
Mavericks and Stock Market Wizards - The Secretive 4th edition
World of Hedge Funds / Leading the Big Guys that Make
the Economy Move: The Management of Fortune 500 Geoffrey Knott, formerly
Companies / Conclusion Principal Lecturer in
Manias, Panics and Crashes Accounting, Norwich City
March 2010 256pp 234x156mm Kindleberger, Aliber, Manias, Panics and Crashes
Manias, Panics and Crashes, Kindleberger, Aliber

College, UK
Hardback £18.99 978-0-230-61401-7 A History of Financial Crises
ebook available from: Dawson ERA, Ebook Library, Financial Management
5th edition is the ideal course
ebooks.com, Ebrary, Myilibrary, NetLibrary,
text for business
Waterstone’s Charles P. Kindleberger, formerly Ford Professor of and management
Economics, Massachusetts Institute of Technology, undergraduates and
USA and Robert Z. Aliber, Professor of International MBA students taking an
Economics and Finance, University of Chicago Graduate introductory module in
School of Business, USA Financial Management.
'Manias, Panics and Crashes is a scholarly account The concise yet thorough
for the way that mismanagement of money and style of the book makes
it highly accessible for
credit has led to financial explosions over the students coming to the subject for the first time.
centuries.’ - Richard Lambert, Financial Times
April 2004 384pp 246x189mm
August 2005 320pp 234x156mm Paperback £34.99 978-1-4039-0382-2
Paperback £24.99 978-1-4039-3651-6

16 Order securely online at www.palgrave.com or telephone +44 (0)1256 302866


Mastering Financial Management
John Whiteley, Business
Consultant and Writer
This book offers a unique
blend of academic rigour
and practical insight
and uses examples and
illustrations drawn from
a wide range of real-life
situations. Mastering
Financial Management
will help you to tease
out meaning from
company accounts, make
your financial reports
interesting and influential,
manage budgets and motivate people to achieve
targets, and much more. Ideal as a text for all
students requiring an introduction to financial
management and for business managers with no
financial background.
October 2003 248pp 234x156mm
Paperback £17.99 978-1-4039-1336-4
Palgrave Master Series (Business)
Series Editor: Richard Pettinger
Marketing Financial Serivices
2nd Edition
Jillian Farquhar ,Reader in Marketing at the Business
School, Oxford Brookes, University, UK and Authur
Meidan, ,Professor of Marketing, Sheffield University
Management Svhool, UK
A comprehensive guide to decision making for
students of Financial Services Marketing, or
marketers working within the financial sector. The
2nd edition is fully comprehensively revised and
updated, with a new structure and many new well-
related chapters to the financial services market,
reflecting changes in the sector and the availability
of new technologies.
June 2010 424pp 246x189mm
40 b/w tables, 30 diagrams, 10 b/w photos
Paperback £35.99 978-230-20118-7
1000s of scholarly ebooks available at www.palgraveconnect.com, ask your librarian to request a trial
FINANCIAL MANAGEMENT • INTERNATIONAL FINANCE
INTERNATIONAL FINANCE
Introduction to
International Economics
2nd edition
Henk Jager, Professor of International Economics,
University of Amsterdam, The Netherlands, Catrinus
Jepma, Professor and Elise Kamphuis, both at University
of Groningen, The Netherlands
An accessible introduction to international
economics for students from a non-economics
background. Its European focus and emphasis on
real world examples mean it is well suited to a
business oriented approach with examples from
a number of different sectors to help cement
understanding of key concepts.
Contents: Introduction / PART 1: INTERNATIONAL
TRADE AND FACTOR MOBILITY / The World Economy:
Key Data and Concepts / International Trade Theory
/ International Production Factors, Foreign Direct
Investment and the Multinational Enterprise / PART 2:
TRADE POLICY / Trade Policy: A Welfare Theory Analysis
/ Modern Arguments Relating to Protection / Trade Policy
and Market Forms / The Practice of Protection / Business,
Government and Lobbying / Economic Integration
/ PART 3: BALANCE OF PAYMENTS, EXCHANGE
RATES AND INTERNATIONAL CAPITAL FLOWS / The
Balance of Payments and the Foreign Exchange Market /
International Capital Flows / The Exchange Rate Explained
/ Exchange Rate Systems and Effects / Intenational Risk:
Types and Hedges / PART 4: THE INTERNATIONAL
MONETARY SYSTEM / International Monetary
Cooperation / Monetary Obstacles to Economic
Development 1; A Debt Crisis / Monetary Obstacles to
Economic Development 2: Currency Crises / Extremely
Fixed Exchange Rates
March 2011 384pp 246x189mm
44 figures and 48 tables
Paperback £34.99 978-0-230-20241-2
The Global Crash
Towards a New Global Financial Regime?
Edited by Leila Simona
Talani, Director of Studies,
Master in European and
International Politics and
Master in Research, European
Studies and Modern
Languages Department,
University of Bath, UK
This book provides
a comprehensive
interdisciplinary account
of the events leading
to the financial crisis,
its institutional causes
and consequences, its
economic characteristics and its socio-political
implications. It offers an in-depth assessment of
the future of global financial stability.
Contents: L.Talani: Introduction / P.Grauwe: The
Banking Crisis: Causes, Consequences and Remedies /
S.Collignon: The Moral Economy of Money and the Future
of European Capitalism / E.Jones: Reconsidering the Role
of Ideas in Times of Crisis / H.Plaschke: Challenging the
Dollar in International Monetary Relations? The Lost
Opportunities of the Euro / G.Fazio: Emerging Markets
and the Global Financial Crisis / A.Cafruny: Europe in the
Global Financial Crisis / L.Talani: The Impact of the Global
Financial Crisis on the City of London: Will the UK Finally
Decide to Join EMU? / M.Artis: The Global Financial Crisis
and British Membership of the Euro: Time to Think Again!
/ L.Talani: Conclusions: Towards a New Global Financial
Regime?
May 2010 208pp 216x138mm
27 figures and 7 tables
Hardback £60.00 978-0-230-24341-5
17
 INTERNATIONAL FINANCE

Understanding the Operational Control Growth and Value

Financial Crisis in Asset Management Creation in Asset Management
Investment, Risk and Governance Processes and Costs Edited by Paul Verdin,
Edited by Steen Thomsen, Edited by Michael Pinedo, Professor of Strategy and
Dierctor, Centre for Stern School of Business , Organization, Solvay
Corporate Governance, USA Business School, Belgium
Caspar Rose and Ole
Leading academics and World-leading experts
Risager, Professor of
executives identify and and specialists identify
Economics, all at
discuss ways to reduce the ways to enable growth
Copenhagen Business
level of costs in today’s in the investment
School, Denmark
investment management management industry,
Presenting experience, industry. Addresses such post-crisis. Contributions
research and thought questions as: What role do by influential academics
leadership from experts in costs play in the current and executives collected
various disciplines (from market environment? in an edited volume,
INSEAD, Stern Business What are the primary answering the most
School, Deutsche Bank drivers of cost? How are important questions
and Allianz among costs reduced? facing the industry today on how to recover and
others), this book explores why the financial crisis grow after the meltdown.
Contents: List of Figures and Tables / L.B.Falkenberg:
happened and presents recommendations for the Contents: List of Figures and Tables / Foreword /
Foreword / M.Pinedo: Global Asset Management;
building of a new, sustainable financial system. Introduction / PART I / Overview / PART II / Overview /
An Introduction to its Processes and Costs / PART
Contents: List of Figures and Tables / L.B.Falkenberg: I: PERSPECTIVES FROM INDUSTRY / U.Alptuna, PART III
Foreword / O.Risager: Introduction: Macroeconomic M.Hatzakis & Reha Tutuncu: A Best Practices Framework June 2010 232pp 240x170mm
Perspectives on the Financial Crisis: An Overview / PART for Operational Infrastructure and Controls in Asset Paperback £39.99 978-87-993151-2-3
I: REGULATION AND RISK MANAGEMENT / C.Rose: Management / A.Schneider: Managing Costs at Published by SimCorp StrategyLab
Overview: Regulation and Risk Governance / J.Hull: Investment Management Firms / K.Arfelt: Lean Six
The Credit Crisis of 2007 and its Implications for Risk Sigma in Asset Management / Management of Risk,
Management / D.Lando: Some Thoughts on the Role of Technology and Costs in a Multi-line Asset Management
Mathematical Models in Light of the Crisis / M.Schröter: / J.Biggs: Business / M.Cruz: Strategic and Tactical Cost
Enterprise Architectures for Investment Managers from Management in the Asset Management Industry /
a Risk Management Perspective / PART II: REGULATION K.J.Nordgard & L.Falkenberg: Cost-effectiveness in
AND GOVERNANCE / S.Thomsen: Overview: Corporate the Asset Management Industry: An IT Operations
Governance and the Financial Crisis / J.Dermine: Avoiding Perspective / PART II: PERSPECTIVES FROM ACADEMIA
International Financial Crises: An Incomplete Reform / D.Campbell & F.X.Frei: Cost Structure Patterns in the
Agenda / I.Walter: Reputational Risk and the Financial Asset Management Industry / Y.Amihud& H.Mendelson:
Crisis / R.Adams: Governance and the Financial Crisis / Transaction Costs and Asset Management / A.Baruah,
K.J.Nordgard: Governance, Risk and Compliance in the D.Mani& A.Whinston: Does Strategic Outsourcing Create
Financial Sector: An IT Perspective in Light of the Recent Financial Value? / K.Dehnad: A Stitch in Time…
Financial Crisis / PART III: IN PRACTICE / C.Rose: Three April 2010 224pp 240x170mm
Executive Interviews: Evidence from the Front Line of Paperback £39.99 978-87-993151-1-6
Investment Management
Published by SimCorp StrategyLab
April 2010 232pp 240x170mm
Paperback £39.99 978-87-993151-0-9
Published by SimCorp StrategyLab

18 Order securely online at www.palgrave.com or telephone +44 (0)1256 302866


An Introduction to
Global Financial Markets
6th edition
Stephen Valdez, formerly
Financial Trainer and
Consultant and former
Director of Profile Financial
Training Plc., and Philip
Molyneux, Professor of
Banking and Finance, Bangor
Business School, Bangor
University, UK
'A book that no
international banker
or banking academic
should miss if he/she
wants to stay up-to-date
on banking developments on a rapidly changing
banking landscape worldwide.' - Alicia Garcia-
Herrero, Chief Economist for Emerging Markets,
Economic Research, Banco Bilbao Vizcaya
Argentaria, S.A. (BBVA), Hong Kong Branch
This book describes the various financial sectors in
clear, easy to understand terms. It provides a broad
and balanced introduction to financial markets
across the world and comprehensive coverage
of commercial and investment banking, foreign
exchange, money and bond markets, stock markets
and derivatives products.
Contents: Preface / Acknowledgements / PART I:
INTRODUCTION / The Debt Merry-go-round / PART II:
BANKING / Banking Background / The Role of the Central
Bank / Commercial Banking / Investment Banking / PART
III: SECURITIES MARKETS / The Money and Bond Markets
/ Stock Exchanges / Hedge Funds and Private Equity /
Financial Crisis / PART IV: FOREIGN EXCHANGE AND
EUROPEAN ECONOMIC AND MONETARY UNION /
Foreign Exchange / European Economic and Monetary
Union / PART V: DERIVATIVE PRODUCTS / Traded
Options / Financial Futures / Other Derivative Products /
PART VI: THE NEW TIGER ECONOMIES / The New Tiger
Economies: China and India / PART VII: Trends in the
Global Financial Markets / Key Trends / Glossary
April 2010 528pp 234x156mm
50 b/w tables and 5 figures
Paperback £29.99 978-0-230-24309-5
1000s of scholarly ebooks available at www.palgraveconnect.com, ask your librarian to request a trial
African Finance in
the 21st Century
Edited by Marc Quintyn,
Division Chief, Africa, IMF
Institute and Geneviève
Verdier, Economist,
International Monetary Fund
With contributions by
experts from official
agencies in Africa,
international financial
institutions, the private
sector, and academia, this
book focuses on financial
sector development in
Sub-Saharan Africa and
how institutions can play
a more active role in economic development.
Contents: List of Tables of Figures / Notes on
Contributors / L.Lipschitz: Foreword / M.Quintyn
& G.Verdier: Introduction and Overview / PART I:
FINANCE IN AFRICA - DEVELOPMENTS, DIAGNOSIS
AND DETERMINANTS / S.Haber: The Finance-Growth
Nexus: Theory, Evidence and Implications for Africa /
P.Honohan: Finance in Africa: A Diagnosis / L.Kasekende:
Developing a Sound Banking System / D.Ghura, R.J.Singh
& R.Kpodar: Financial Deepening in the CFA Franc
Zone: Role of Institutions / E.Aryeetey & A.Pokuaa
Fenny: From Informal Finance to Formal Finance –
Lessons from Linkage Efforts / L.Senbet & I.Otchere:
Stock Markets in Africa / PART II: FINANCE IN AFRICA
- POLICY ISSUES AND CASE STUDIES / I.Lukonga &
S.Kal Wajid: Regulatory Frameworks in Sub-Saharan
Africa: Ensuring Efficiency and Soundness / M.Quintyn &
M.Taylor: Building Supervisory Structures in Africa – An
Analytical Framework / J.Wakeman-Linn & S.Wagh:
Regional Financial Integration as an Engine for Financial
Development / J.Isern, E.Lahaye & A.Linthorst: Access
to Finance in Africa – Consolidating the Positive Trends
/ N.Mylenko: Developing Credit Reporting in Africa:
Opportunities and Challenges / E.Andrianasolo: Case
Study on Microfinance Institutions in Madagascar:
Policies for a Viable Sector / C.Rusagara: Financial Sector
Development Program: The Case of Rwanda / Notes /
Bibliography / Index
December 2009 344pp 216x138mm
57 figures, 46 b/w tables and 4 illustrations
Hardback £70.00 978-0-230-58050-3
Published in association with the International
Monetrary Fund
INTERNATIONAL FINANCE
€uro Crash
The Implications of Monetary Failure in Europe
Brendan Brown, Director
and Head of Research,
Mitsuibishi (UFJ) Securities
International plc., UK
'The majority of
economic analysts,
especially those in
financial markets,
follow governments,
central banks and
international institutions
in trusting to large-
scale macroeconomic
forecasts...Brendan
Brown...belongs to the select band of
commentators who prefer to derive their analysis
from the market prices of key variables.’ - The
Financial Times
This sequel to the author’s earlier well-received
Euro On Trial, shows how European Monetary
Union became a main engine of the global credit
bubble and puts forward a set of remedies which
would reduce the danger of further economic
debacle emanating from serious flaws in the
present policy-making framework of the European
Central Bank.
March 2010 224pp 216x138mm
Hardback £60.00 978-0-230-22910-5
Finance for a Better World
The Shift Toward Sustainability
Edited by Henri-Claude de Bettignies, INSEAD
and François Lépineux, Research Fellow, INSEAD
andProfessor and Head, Centre for Responsible Business,
ESC Rennes School of Business, France
What has prompted the shift toward sustainability
in numerous financial areas? Can investors’
mindsets be changed to embrace a long-term
view? Can shareholders and activists play a greater
role in encouraging financial actors to behave more
responsibly? These are some of the relevant topics
that are explored in this forward-looking set of
essays.
April 2009 280pp 216x138mm
Hardback £65.00 978-0-230-55130-5
ebook available from: Dawson ERA, Ebook Library,
ebooks.com, Ebrary, Myilibrary, NetLibrary, Palgrave
Connect Economics & Finance Collections
19
 INTERNATIONAL FINANCE • PUBLIC FINANCE
International Finance
3rd edition
Keith Pilbeam, Professor of
International Economics and
Finance, City University
London, UK
International Finance
is a well-established
and internationally
renowned introduction
to the subject for both
undergraduate and
postgraduate students. It
provides comprehensive
coverage of both
traditional and modern
theories relating to the
balance of payments, exchange rate determination
and the international monetary system. There is
extensive use of data and empirical evidence to
illustrate the relevance of theories and concepts
discussed.
Contents: Introduction / PART 1: BALANCE OF
PAYMENTS THEORY AND PRACTICE / PART 2:
EXCHANGE RATE DETERMINATION: THEORY,
EVIDENCE AND POLICY / PART 3: THE INTERNATIONAL
MONETARY SYSTEM
November 2005 528pp 246x189mm
diagrams, tables and graphs
Paperback £38.99 978-1-4039-4837-3
Comparative Contract Law
Cases, Materials and Exercises
Thomas Kadner Graziano,
Professeur Ordinaire,
University of Geneva,
Switzerland
'If anyone still needs
convincing that
comparative private
law is an exercise worth
doing, they need look
no further than this
excellent and ground-
breaking book.'- Andrew
Tettenborn, Bracton
Professor of Law,
University of Exeter, UK
September 2009 536pp 246x171mm
Paperback £34.99 978-0-230-57979-8
20 Order securely online at www.palgrave.com or telephone +44 (0)1256 302866
PUBLIC FINANCE Portfolio and Risk Management
for Central Banks and Sovereign
Innovations in Financing Wealth Funds
Public Services Edited by Joachim Coche, Senior Asset Management
Specialist, Bank for International Settlements,
Country Case Studies
Switzerland, Ken Nyholm, Senior Economist, European
Edited by Stephen J. Bailey, Professor of Public Sector Central Bank, Germany and Gabriel Petre, Senior
Economics, Glasgow Caledonian University, UK, Pekka Investment Strategist, World Bank Treasury, The World
Valkama, Head of Research and Adjunct Professor, Bank, USA
Department of Economics and Accounting and Ari-
This book contains original readings on Reserves
Veikko Anttiroiko, Adjunct Professor, Department of
Management for central banks and sovereign
Regional Studies, both at University of Tampere, Finland
wealth funds. It aims to outline best practice in
This book explores new forms of private, mutual respect of strategic asset allocation, facilitating
municipal, public-private and ‘reverse’ state knowledge-sharing across organizations and
funding of public investments, co-payments and encouraging collaboration and dialogue between
shared contributions, vouchers, and pooled public reserves and asset management specialists in the
risk-financing. It includes case studies taken from organizations.
the Nordic countries, UK, Spain, Slovenia, Slovakia, October 2010 256pp 216x138mm
Turkey and South Korea. Hardback £65.00 978-0-230-27353-5
Contents: P.Valkama, A-V.Anttiroiko & S.J.Bailey:
Innovative Public Finance: Definition, Practice and
Context / D.Asenova, M.Beck & S.J.Bailey: Beyond
PFI: Procurement of Public Sector Infrastructure and Consumer Credit
the Evolving Plurality of Methods in the UK / S-T.Kim: in the United States
Innovations in Private Sector Provision of Infrastructure
in South Korea / B.Acerete: The Distinctive Financing of A Sociological Perspective from the 19th Century
Road Infrastructures in Spain: Evolution and Innovation to the Present
/ N.Hrovatin: Public Private Partnerships in Slovenia:
Reverse Financial Innovations Enhancing the Public Role Donncha Marron, Lecturer
/ N.Anderson, S.J.Bailey & H.Pautz: Local Government in Sociology, School of
Funding Agencies: Lessons from Success and Failure Applied Social Studies,
/ J.Hood, B.Stein & P.Valkama: Innovation in Local Robert Gordon University,
Government Risk Financing: Lessons from the UK and Aberdeen, UK
Nordic Experiences / M.Beblavý, P.Mederly & E.Sičáková-
Beblavá: Innovations in Financing Higher Education in The object and scope
Slovakia / H.Kirmanoglu & P.Akkoyunlu: Innovation in of this book is the
the Turkish Budgetary System: Recent Developments in development of marketed
Public Governance / S.J.Bailey: Co-Payments: Innovations consumer credit within
in the Balance between Public and Private Finance / the United States from
P.Valkama, S.Bailey & I.C.Elliott: Vouchers as Innovative the mid decades of the
Funding of Public Services / I.C. Elliott, P.Valkama & nineteenth century up
S.J.Bailey: Public Service Vouchers in the UK and Finland until the present day.
July 2010 288pp 216x138mm
32 b/w tables and 29 figures December 2009 288pp 216x138mm
Hardback £65.00 978-0-230-24159-6 Hardback £55.00 978-0-230-61518-2
ebook available from: Palgrave Connect Social &
Cultural Studies Collections
 PUBLIC FINANCE • ACCOUNTING

Public Finance and Financing Social Policy ACCOUNTING

Public Policy Mobilizing Resources for Social Development
3rd edition Edited by Shea McClanahan, Research Analyst, Social
IFRSs - A Visual Approach
Policy and Development Programme and Katja Hujo, Structured Overviews of the IFRSs
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Technology, USA Development (UNRISD), Switzerland
Gruber’s Public Finance Edited by KPMG
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the first text written to debates away from expenditures and austerity and Financial Reporting
reflect current realities towards revenues and resources. The book explores Standards (IFRSs) issued
of public finance, with an the potential and the developmental impact of by the International
emphasis on empirical different categories of resources for financing social Accounting Standards
work and coverage of policy in a development context. Board (IASB) in January
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ACCOUNTING

St James’s Place
HIGHLIGHT Tax Guide 2009–2010
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A Carter 3
African Finance in the 21st Century Quintyn
Verdier 19
Alexander Economic Sanctions 21
Aliber The New International Money
Game 16
Aliber Zoega Preludes to the Icelandic
Financial Crisis 2
Alizadeh Nomikos Shipping Derivatives and
Risk Management 15
Amato Doria Fantacci Money and
Calculation 9
Anatomy of a Financial Crisis Jarsulic 12
Applied Econometrics Asteriou Hall 9
Asteriou Hall Applied Econometrics 9
B Huang 11
Bailey Valkama Anttiroiko Innovations in
Financing Public Services 20
Banking in Turmoil Davis 8
Banks Dark Pools 13
Banks Risk and Financial Catastrophe 13
Banks The Palgrave Macmillan Dictionary of
Finance, Investment and Banking 23
Becoming An Academic McAlpine Akerlind 24
Bellofiore German Monetary Theory
Revisited 9
Berkelaar Coche Nyholm Central Bank
Reserves and Sovereign Wealth
Management 7
Berkelaar Coche Nyholm Interest Rate
Models, Asset Allocation and Quantitative
Techniques for Central Banks and Sovereign
Wealth Funds 7
Boscia Carretta Schwizer Cooperative Banking
in Europe: Case Studies 4
Botterill Consumer Culture and Personal
Finance 11
Bottiglia Gualandri Mazzocco Consolidation in
the European Financial Industry 5
1000s of scholarly ebooks available at www.palgraveconnect.com, ask your librarian to request a trial
The British Insurance Industry Since 1900
Brown €uro Crash 19
Business Accounting Collis Hussey 22
Business Statistics Taylor 10
C
Capital Market Instruments Choudhry
Joannas Landuyt Pereira Pienaar 13
Capitalism Without Capital Chorafas 4
Capitalism Without Capital Chorafas 4
Carter The British Insurance Industry Since
1900 3
Central Bank Independence, Accountability,
and Transparency Laurens Arnone Segalotto 7
Central Bank Reserves and Sovereign Wealth
Management Berkelaar Coche Nyholm 7
Chorafas Capitalism Without Capital 4
Chorafas Capitalism Without Capital 4
Chorafas Financial Boom and Gloom 4
Choudhry Joannas Landuyt Pereira Pienaar
Capital Market Instruments 13
Coche Nyholm Petre Portfolio and Risk
Management for Central Banks and Sovereign
Wealth Funds 20
Collis Hussey Business Accounting 22
Comparative Contract Law Kadner
Graziano 20
Consolidation in the European Financial
Industry Bottiglia Gualandri Mazzocco 5
Consumer Credit in the United States
Marron 20
Consumer Culture and Personal Finance
Botterill 11
Cooperative Banking in Europe: Case Studies
Boscia Carretta Schwizer 4
Corporate and Social Transformation of
Money and Banking Mouatt Adams 2
Crisis: Cause, Containment and Cure
Huertas 11
INDEX
Currency Internationalization: Global
Experiences and Implications for the
Renminbi Peng Shu 6
D
D’Apice Ferri Financial Instability 6
Dark Pools Banks 13
Das Financial Globalization 11
David Laidler’s Contributions to Economics
Leeson 9
Davis Banking in Turmoil 8
de Bettignies Lépineux Finance for a Better
World 19
De Waal Strategic Performance
Management 15
Derivatives and Internal Models Deutsch 14
Determinants of Financial Development
Deutsch Derivatives and Internal Models 14
Durlauf Blume The New Palgrave Dictionary
of Economics 24
E
Economic & Labour Marketing Review Office
for National Statistics 25
Economic Sanctions Alexander 21
Edwards Hamson Towers Guide to
Mathematical Modelling 7
Entwistle Teaching for Understanding at
University 24
Essential Quantitative Methods Oakshott 10
EU Payments Integration Wandhöfer 3
€uro Crash Brown 19
F
Finance & Financial Markets Pilbeam 12
Finance for a Better World de Bettignies
Lépineux 19
Financial Boom and Gloom Chorafas 4
Financial Globalization Das 11
29
 INDEX
Financial Instability D’Apice Ferri 6
Financial Institutions and Markets Kaufman
Bliss 11
Financial Management Knott 16
Financial Markets and Organizational
Technologies Kyrtsis 5
Financial Statistics Office for National
Statistics 26
Financing Social Policy McClanahan Hujo 21
Finlay The Management of Consumer Credit 2
Fiordelisi Mergers and Acquisitions in
European Banking 4
Fiordelisi Molyneux Previati New Issues in
Financial and Credit Markets 3
Fiordelisi Molyneux Previati New Issues in
Financial Institutions Management 3
G An Introduction to Global Financial Markets
German Monetary Theory Revisited
Bellofiore 9
The Global Crash Talani 17
Global Custody and Clearing Services McGill
Patel 14
Global Inequalities and Higher Education
Unterhalter Carpentier 25
Globalization and the Reform of the
International Banking and Monetary System
Hieronymi 5
Greed and Corporate Failure Hamilton
Micklethwait 16
Growth and Value Creation in Asset
Management Verdin 18
Gruber Public Finance and Public Policy 21
Guide to Mathematical Modelling Edwards H
Hamson Towers 7
H Kindleberger Aliber Manias, Panics and
Hamilton Micklethwait Greed and Corporate
Failure 16
30 Order securely online at www.palgrave.com or telephone +44 (0)1256 302866
Hieronymi Globalization and the Reform Kyrtsis Financial Markets and Organizational
of the International Banking and Monetary Technologies 5
System 5
Huang Determinants of Financial L
Development 11
Huertas Crisis: Cause, Containment Laurens Arnone Segalotto Central Bank
and Cure 11 Independence, Accountability, and
Transparency 7
I Leeson David Laidler’s Contributions to
Economics 9
IFRSs - A Visual Approach KPMG 21
M
Innovations in Financing Public Services
Bailey Valkama Anttiroiko 20
The Management of Consumer Credit Finlay 2
Interest Rate Models, Asset Allocation and
Quantitative Techniques for Central Banks Manias, Panics and Crashes Kindleberger
and Sovereign Wealth Funds Berkelaar Coche Aliber 16
Nyholm 7 Marron Consumer Credit in the
International Finance Pilbeam 20 United States 20
Mastering Accounting Skills Nicholson 23
Valdez Molyneux 19 Mastering Financial Management Whiteley 17
Introduction to International Economics Mastering Financial Services Whiteley 17
Jager Jepma Kamphuis 17 Mazzucato Lowe Shipman Trigg Personal
Investment 15
J McAlpine Akerlind Becoming An Academic 24
McClanahan Hujo Financing Social Policy 21
Jager Jepma Kamphuis Introduction to
McGill Patel Global Custody and Clearing
International Economics 17
Services 14
Jarsulic Anatomy of a Financial Crisis 12
Mergers and Acquisitions in European
Jowett Private Equity 10 Banking Fiordelisi 4
Mikdashi Progress-Driven Entrepreneurs,
K Private Equity Finance and Regulatory
Issues 12
Kadner Graziano Comparative Contract Law
Money and Calculation Amato Doria
20
Fantacci 9
Kaufman Bliss Financial Institutions and
Money Makers Snider Howard 16
Markets 11
Montgomery Understanding the International
Key Concepts in Accounting and Finance
Student Experience 24
Sutherland Canwell 23
Mouatt Adams Corporate and Social
Transformation of Money and Banking 2
Crashes 16
Klonowski The Venture Capital Investment
Process 11
Knott Financial Management 16
KPMG IFRSs - A Visual Approach 21

N Banks and Sovereign Wealth Funds Coche
The New International Money Game Aliber 16
New Issues in Financial and Credit Markets
Fiordelisi Molyneux Previati 3
New Issues in Financial Institutions
Management Fiordelisi Molyneux Previati 3
The New Palgrave Dictionary of Economics
Durlauf Blume 24
Nicholson Mastering Accounting Skills 23
O Q
Oakshott Essential Quantitative Methods 10
Office for National Statistics Economic &
Labour Market Review 25
Office for National Statistics Financial
Statistics 26
Office for National Statistics United Kingdom
Balance of Payments 2010 25
Office for National Statistics United Kingdom
Economic Accounts 26
Office for National Statistics United Kingdom
National Accounts 2010 25
Ögren The Swedish Financial Revolution 6
Operational Control in Asset Management
Pinedo 18
P 2010-2011 22
The Palgrave Macmillan Dictionary of
Finance, Investment and Banking Banks 23
Patterson A Primer for Unit Root Testing 9
Peng Shu Currency Internationalization:
Global Experiences and Implications for the
Renminbi 6
Personal Investment Mazzucato Lowe
Shipman Trigg 15
Pilbeam Finance & Financial Markets 12
Pilbeam International Finance 20
Pinedo Operational Control in Asset
Management 18
1000s of scholarly ebooks available at www.palgraveconnect.com, ask your librarian to request a trial
Portfolio and Risk Management for Central
Nyholm Petre 20
Preludes to the Icelandic Financial Crisis
Aliber Zoega 2
A Primer for Unit Root Testing Patterson 9
Private Equity Jowett 10
Progress-Driven Entrepreneurs, Private Equity
Finance and Regulatory Issues Mikdashi 12
Public Finance and Public Policy Gruber 21
Quintyn Verdier African Finance in the 21st
Century 19
Read The Rise and Fall of an Economic
Empire 8
The Rise and Fall of an Economic
Empire Read 8
Risk and Financial Catastrophe Banks 13
Rogers Strategy, Value and Risk 14
S and Higher Education 25
Shipping Derivatives and Risk Management
Alizadeh Nomikos 15
Sinclair Lipkin St James’s Place Tax Guide
2009-2010 22
Sinclair Lipkin St James’s Place Tax Guide
Snider Howard Money Makers 16
St. James’s Place Tax Guide 2009-2010
Sinclair Lipkin 22
St. James’s Place Tax Guide 2010-2011
Sinclair Lipkin 22
Strategic Performance Management
De Waal 15
Strategy, Value and Risk Rogers 14
Sutherland Canwell Key Concepts in
Accounting and Finance 23
The Swedish Financial Revolution Ögren 6
INDEX
T
Talani The Global Crash 17
Taylor Business Statistics 10
Teaching for Understanding at University
Entwistle 24
Thomsen Rose Risager Understanding the
Financial Crisis 18
U
Understanding the Financial Crisis Thomsen
Rose Risager 18
Understanding the International Student
Experience Montgomery 24
United Kingdom Balance of Payments 2010
Office for National Statistics 25
United Kingdom Economic Accounts Office
for National Statistics 26
United Kingdom National Accounts 2010
Office for National Statistics 25
Unterhalter Carpentier Global Inequalities
V
Valdez Molyneux An Introduction to Global
Financial Markets 19
The Venture Capital Investment Process
Klonowski 11
Verdin Growth and Value Creation in Asset
Management 18
W
Wandhöfer EU Payments Integration 3
Whiteley Mastering Financial Management 17
Whiteley Mastering Financial Services 17
31
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