Finance: The Basics

by Erik Banks

Overview

Now in its fourth edition, Finance: The Basics is a clear and practical introduction to the world of finance. It thoroughly explains essential financial statements, tools, and concepts; fundamental financial instruments and transactions; and global financial participants, markets, and systems.

This fully revised edition captures the most important aspects of a changing financial landscape, including:

• A new chapter dedicated to the emerging world of digital currencies, with a review of digital finance and a detailed discussion of regulated and unregulated digital currencies (including cryptocurrencies)
• New sections dealing with a range of social issues that directly impact on finance, including sustainability; environmental, social, and governance (ESG) and socially responsible investing (SRI) imperatives; microfinance; and impact investing
• Twelve updated real-world case studies ('Finance in Action' studies) and nine new case studies focused on annuities, sustainability, green financings, microfinance, digital currencies, financial technology/decentralised finance, ESG and SRI investing, quantitative easing and tightening, and the financial emergence of China
• A concise and comprehensive glossary containing key terms discussed in the book
• Supplemental digital resources, including PowerPoints for instructors and a test bank of questions for students

Each chapter is accompanied by an overview and summary, illustrations and tables, real-life case studies, and recommended readings. Finance: The Basics is essential reading for anyone interested in the fascinating world of finance.

Product Details

ISBN-13:	9781000849974
Publisher:	Taylor & Francis
Publication date:	03/31/2023
Series:	The Basics
Sold by:	Barnes & Noble
Format:	eBook
Pages:	358
File size:	6 MB

About the Author

Erik Banks is an experienced practitioner and regular contributor to the literature in the field of financial risk management, traded markets, derivatives, and regulation. He has spent over 30 years in international commercial and investment banking, working at major financial institutions in New York, London, Tokyo, Hong Kong, Munich, and Milan, and is the author of over 20 books on risk, derivatives, markets, and governance.

Table of Contents

PART 1: Concepts and tools 1. The world of finance 2. The financial statements 3. Financial concepts and tools PART 2: Instruments and marketplaces 4. Common and preferred stock 5. Loans and bonds 6. Investment funds 7. Derivatives and insurance 8. Corporate finance 9. Digital Currencies 10. Financial Participations 11. The Global Financial Markets

Editorial Reviews

"In this second edition (1st ed., 2006), Banks (author of several works including The Palgrave Macmillan Dictionary of Finance, Investment, and Banking, Sep'10 and The Failure of Wall Street, June '05) provides a concise introduction to fundamental financial concepts. The book is readable and well organized and includes many relevant real-world examples. Recommended" — J. Fitzpatrick, SUNY Fredonia (CHOICE, June 2011)

From the Publisher