Global
Banking
Few sectors of the global economy have experienced the dynamic and structural change
that has occurred over the past several decades in banking and financial services or as
much turbulence and damage to the economy and to ordinary people. Regulatory and
technological changes have been among the main catalysts of change in the financial
industry worldwide, making entrenched competitive structures obsolete and mandating the
development of new products, new processes, new strategies, and new public policies toward
the industry.
This third edition of Global Banking reassess the continuing
transformational process of global banking and finance--its causes, its course, and its
consequences. It begins with an overview of the most recent developments and goes on to
examine the major dimensions of international commercial and investment banking, including
money and foreign exchange markets, debt capital markets, international bank lending,
derivatives, asset-based and project financing, and equity capital markets. Later, the
various advisory businesses--mergers and acquisitions, privatizations, institutional asset
management, and private banking--are analyzed. In each case, the factors that distinguish
the winners from the losers are identified. This is brought together in the final section
of the book, which deals with problems of strategic positioning and execution, as well as
critical risk issues and regulations
Roy C.
Smith is Kenneth Langone Professor of Finance at Stern School of Business, NYU
and a former partner of Goldman, Sachs & Co. He is the author of several books on
banking and finance.
Ingo
Walter is Seymour Milstein Professor of Finance and Economics and Vice Dean of
Faculty at Stern School of Business, NYU. He is the author of several books on finance and
economics.
Gayle DeLong is of Associate
Professor of Economics and Finance at Baruch College, where she is a Zicklin Fellow. She
has published articles in various journals.
Table of Contents
Preface --
The World of Global Banking
Part I -- Global Capital-raising and Trading
1. Foreign Exchange and Money Markets
2. International Bank Lending
3. Asset Related and Project Financing
4. Global Bond Markets
5. Global Equity Markets
6. Derivatives and Swaps Markets
Part II -- Advisory and Investment Services
7. Mergers, Acquisitions and Corporate Advisory Services
8. Privatizations
9. Institutional Asset Management - Mutual and Pension Funds
10. Hedge Funds, Private Equity and Alternative Investment Vehicles
11. Global Private Banking
Part III -- Competitive Strategies
12. Strategic Drivers of Structural Change in Global Banking
13. Assessing and Managing Cross Border Risk
14. Systemic Risk in Global Banking
15. Dealing With Regulatory and Compliance Issues
16. Strategy and Strategic Positioning
17. Managing Competitive Global Banking Firms
456 pages, Hardcover