Preface to the Second Edition vii
Preface to the First Edition xi
1. BANKING IN THE NEW MILLENNIUM 1
2. EVOLUTION OF COMMERCIAL BANKING 21
3. BANKING SYSTEMS 27
4. FUNCTIONS OF A COMMERCIAL BANK 47
5. ANALYSIS OF ASSETS AND LIABILITIES OF
6. EFFICIENCY OF THE BANKING SYSTEM 105
7. MANAGEMENT OF CAPITAL 125
8. RISKS IN COMMERCIAL BANKING 145
9. DERIVATIVES FOR RISK MANAGEMENT 159
10. INTEREST RATE RISK 169
11. LIQUIDITY RISK 187
12. CREDIT RISK 195
13. INVESTMENT MANAGEMENT 225
14. FOREIGN CURRENCY DEALING 245
15. FOREIGN CURRENCY RISK 263
16. INTERNATIONAL BANKING 291
GLOSSARY 325
INDEX 337