An Introduction to Banking provides an introduction to liquidity risk management and asset-liability management. It begins with an overview of modern banking, the goals of a bank, how they operate, and how a breakdown in the banking system contributed to the crisis. Subsequent chapters introduce the fundamental workings of a bank and explore ALM and liquidity risk management in greater detail. As regulators move to enforce liquidity risk management in banks, and ongoing needs to better manage a bank's assets and liabilities, this book is a must-have reference for all finance practitioners.
