Książki, monografie, podręczniki, rozdziały (WOiZ)

Stały URI dla kolekcjihttp://hdl.handle.net/11652/178

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20081

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Autorsearch.filters.applied.operator.equals: search.filters.author.Bakalarczyk, SebastianTematsearch.filters.applied.operator.equals: search.filters.subject.banki - kierowanie

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  • Pozycja
    Management of modern banks
    (Wydawnictwo Politechniki Łódzkiej, 2008) Bakalarczyk, Sebastian; Scientific Editor of the Division : Lewandowski, Jerzy; Penc, Józef; Kaczmarek, Bogusław
    In times of global competition banks, as service organizations, must search a manner not only to reach new clients but also to maintain the existing ones. The specificity of financial services and their elasticity is hard to realize from the unique market of bank products. Clients, in this situation, have the choice of a full palette of similar services. They probably choose the best way for themselves. In economics, a financial market is a mechanism that easily allows people to buy and sell (trade with) financial securities such as: bonds and stocks, commodities such as: precious metals or agricultural products and other fungible items of value at low transaction costs and at prices that reflect the efficient-market hypothesis. Financial markets have evolved significantly over the past several hundred years and are constantly being improved with regards to liquidity. These markets are the perfect places, where borrowers and lenders can find each other and successfully make transactions. Without them finding lenders would not be an easy process for borrowers. Intermediaries, such as banks, can help in this process, because they take deposits from those who have spare money to save and use the pool of deposited money to lend to those who want to borrow. From a management perspective, risk has three connotations: risk as opportunity; risk as uncertainty; and risk as a hazard. When we look at risk as an opportunity, the inherent relationship between risk and return becomes obvious. This work present a review of available literature which is used to meet the objectives of the reported research. It is structured as follows: a familiarisation of the main features accompanying the Asset-Backed Commercial Paper as a most common form of SPV funding and as a starting point of pricing the stand-by facility; models and approaches that might be helpful in solving given problems. Following Merton and Matz, and Neu, it is known that the contingent claim can be treated as an option. One should decide, however, what kind of option should be used. The last part includes characteristics of banking innovations, more widely financial innovations, and the specificity of these instruments in India or Islamic countries. From the point of view of their specificity this has a particular cognitive meaning for Europeans which find them as unknown and often incomprehensible products. The present monograph is an analysis of the chosen areas of bank management. The book has fourteen chapters and contains the following: Principles of Functioning and Instruments of Financial Markets operated by banks; Purpose of Financial Markets; Instruments of the Financial Market; Types of Operations on the Financial Market; Commercial Papers and Option Pricing models; Choosing the Proper Pricing Mmodel; Longstaff-Schwartz Model; Facility Pricing; a Sensitivity Analysis of the Applied Model and its Limitations; Banking and Financial Innovations; Islamic Banking Products and the Indian Financial Market. The book is mainly addressed to students. It could also be useful for business managers and people working in banks. The Author hopes that the knowledge contained in this publication will help understand specific bank management using modem products and models of analysis. This is especially important for preparing prognoses, analyses and risk management.