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Germany's Sparkassen are publicly held savings banks. No other advanced industrial economy relies as heavily on such small, publicly-owned financial institutions to fuel its economy. Mark Cassell explores the unique entity that is the German public banking system and the lessons it offers to banking systems worldwide.
A practical primer to the modern banking operation Introduction to Banking, Second Edition is a comprehensive and jargon-free guide to the banking operation. Written at the foundational level, this book provides a broad overview of banking to give you an all-around understanding that allows you to put your specialty work into context within the larger picture of your organization. With a specific focus on risk components, this second edition covers all key elements with new chapters on reputational risk, credit risk, stress testing and customer service, including an updated chapter on sustainability. Practical material includes important topics such as the yield curve, trading and hedging, a...
The United States has two separate banking systems today—one serving the well-to-do and another exploiting everyone else. How the Other Half Banks contributes to the growing conversation on American inequality by highlighting one of its prime causes: unequal credit. Mehrsa Baradaran examines how a significant portion of the population, deserted by banks, is forced to wander through a Wild West of payday lenders and check-cashing services to cover emergency expenses and pay for necessities—all thanks to deregulation that began in the 1970s and continues decades later. “Baradaran argues persuasively that the banking industry, fattened on public subsidies (including too-big-to-fail bailouts), owes low-income families a better deal...How the Other Half Banks is well researched and clearly written...The bankers who fully understand the system are heavily invested in it. Books like this are written for the rest of us.” —Nancy Folbre, New York Times Book Review “How the Other Half Banks tells an important story, one in which we have allowed the profit motives of banks to trump the public interest.” —Lisa J. Servon, American Prospect
One important cause of the 2007-2009 crisis was illiquidity combined with exposure of many financial institutions to liquidity needs. But what is liquidity and why is it so important for financial institutions to command enough liquidity? This book brings together classic articles and recent contributions to this important field.
Viruses are the agent responsible for perhaps up to one million cases of cancer worldwide each year. Significantly, the study of viruses has also provided important clues to the causes and development of the most common human cancers. This volume presents an account of those viruses which have been directly associated with common human malignancies such as human papillomavirus (HPV), cervical carcinoma, Epstein-Barr virus (EBV) and Burkitt's lymphoma. In addition, the biology and biochemistry of those viruses which have been shown to be capable of transforming cells in culture are described in detail. Thus adenovirus are discussed, as are the other small DNA tumour viruses - Simian virus 40 (SV40) and polyoma virus. Consideration has also been given to human T-cell leukaemia virus (HTLV), hepatitis B virus (HBV) and human herpes virus 8 (HHV8), amongst others. General themes such as the host's immune response to viral infection, virally-induced apoptosis and the use of viruses as a delivery system in gene therapy have been discussed. Individual chapters have been written by an international group of experts in their own field of research.
This book analyses the widely-held view of the merits of the 'bank-based' German system of finance for investment, and shows that this view is not supported by evidence from the post-war period. The institutional features of the German system are such that universal banks have control of voting rights at shareholders' meetings due to proxy votes, and they also have representation on companies' supervisory boards. These features are claimed to have two main benefits. One is that the German system reduces asymmetric information problems, enabling banks to supply more external finance to firms at a lower cost, and thus increasing investment. The other is that German banks are able to mould and control managements of firms on behalf of shareholders, and thus ensure that firms are run efficiently. This book assesses whether empirical evidence backs up these claims, and shows that the merits of the German system are largely myths.
All Amelia wants is a fresh start and an honest life running her new café - and maybe someone to share it with. But a clean break from the past isn't so easy, especially when trouble keeps finding her. With constant supply problems and her café running in the red, her dream seems about to slip through her fingers. When thieves break in to her business, two of Amelia's hottest customers intervene. Dane and Forrest are regulars, and Amelia isn't sure if they're big fans of her coffee...or if both men just might be interested in her. They invite her to the biggest event of the year to meet their boss, Stephan Moriarty: tech mogul, richest man in the city, and most eligible bachelor. It isn't ...
This book constitutes the refereed proceedings of the 12th Algorithms and Data Structures Symposium, WADS 2011, held in New York, NY, USA, in August 2011. The Algorithms and Data Structures Symposium - WADS (formerly "Workshop on Algorithms and Data Structures") is intended as a forum for researchers in the area of design and analysis of algorithms and data structures. The 59 revised full papers presented in this volume were carefully reviewed and selected from 141 submissions. The papers present original research on the theory and application of algorithms and data structures in all areas, including combinatorics, computational geometry, databases, graphics, parallel and distributed computing.
This comprehensive introduction to vocabulary makes research and theory accessible to language teachers.
This book presents novel approaches to formulate, analyze, and solve problems in the area of distributed service networks, notably based on AI-related methods (parallel/cloud computing, declarative modeling, fuzzy methods). Distributed service networks are an important area of research and applications. The methods presented are meant to integrate both emerging and existing concepts and approaches for different types of production flows through synchronizations. An integration of logistics services (e.g., supply chains and projects portfolios), public and multimodal transport, traffic flow congestion management in ad hoc networks, design of high-performance cloud data centers, and milk-run distribution networks are shown as illustrations for the methods proposed. The book is of interest to researchers and practitioners in computer science, operations management, production control, and related fields.