Product Description

Saunders and Cornett’s Financial Institutions Management: A Risk Management Approach, 6th edition focuses on managing return and risk in modern financial institutions. The central theme is that the risks faced by financial institutions managers and the methods and markets through which these risks are managed are becoming increasingly similar whether an institution is chartered as a commercial bank, a savings bank, an investment bank, or an insurance company. Although the traditional nature of each sector’s product activity is analyzed, a greater emphasis is placed on new areas of activities such as asset securitization, off-balance-sheet banking, and international banking.

Product Details

• Amazon Sales Rank: #40131 in Books
• Published on: 2008-01-01
• Original language: English
• Binding: Paperback
• 870 pages

About the Author
Anthony Saunders is the John M. Schiff Professor of Finance and the Chair of the Department of Finance at the Stern School of Business at New York University. Professor Saunders received his PhD from the London School of Economics and has taught both undergraduate and graduate level courses at NYU since 1978. Throughout his academic career, his teaching and research have specialized in financial institutions and international banking. He has served as a visiting professor all over the world, including INSEAD, the Stockholm School of Economics, and the University of Melbourne. He is currently on the Executive Committee of the Salomon Center for the Study of Financial Institutions, NYU. His research has been published in all the major money and banking and finance journals and in several books. In addition, he has authored or co-authored several professional books, the most recent of which is Credit Risk Measurement: New Approaches to Value at Risk and Other Paradigms, John Wiley and Sons, New York, 1999

Customer Reviews

An essential book for everyone!
As a student of Banking and Financial Management at the University of Piraeus, I studied a lot about Finance, Financial Management and Risk Management. All the theory is located in this book! Our professors used this book for class workshops. The level of detail is just extraordinary, the theoretical part well documented and of course brilliantly written, something that gives every person the chance to read this book and quickly understand the basic underlying concepts of Financial Management. The practical problems and questions give you the possibility to combine the theoretical knowledge with some situattions you can find in the real world! I owe this book a lot! Some pretty good grades, but most of all the valuable knowledge I gained from it whilre reading it! And believe me, it's fun reading it also!
A "killer" book, essential for every personal or even commercial library!

The best book on financial institutions. Period
This is possibly the best book in risk management available today. This is due to the combination of breadth and depth of the text. The author gently introduces the student to an important subject and explains with pains how to manage each and every kind of risk. The two chapters on Interest rate risk are absolutely fabulous. There is a sense of contunuity in the sense that the concepts you learn in one chapter has applications in another. The problems at the end of the chapters are are also challenging and will require an in-depth understanding of the subject. This book is the ultimate.

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