"A great write-up on the art of banking. Essential reading for anyone working in finance." Dan Cunningham, Senior Euro Cash & OBS Dealer, KBC Bank NV, London "Focused and succinct review of the key issues in bank risk management." Graeme Wolvaardt, Head of Market Risk Control, Europe Arab Bank plc, London The importance of banks to the world's economic system cannot be overstated. The foundation of consistently successful banking practice remains efficient asset-liability management and liquidity risk management. This book introduces the key concepts of banking, concentrating on the application of robust risk management principles from a practitioner viewpoint, and how to incorporate these principles into bank strategy. Detailed coverage includes: Bank strategy and capital Understanding the yield curve Principles of asset-liability management Effective liquidity risk management The role of the bank ALM committee Written in the author's trademark accessible style, this book is a succinct and focused analysis of the core principles of good banking practice.

In Language and Meter, Dieter Gunkel and Olav Hackstein unite fifteen linguistic studies on a variety of poetic traditions, including the Homeric epics, the hieratic hymns of the Ṛgveda, the Gathas of the Avesta, early Latin and the Sabellic compositions, Germanic alliterative verse, Insular Celtic court poetry, and Tocharian metrical texts. The studies treat a broad range of topics, including the prehistory of the hexameter, the nature of Homeric formulae, the structure of Vedic verse, rhythm in the Gathas, and the relationship between Germanic and Celtic poetic traditions. The volume contributes to our understanding of the relationship between language and poetic form, and how they change over time.

This paper presents a detailed account of the rich set of macroprudential measures taken in four Southeastern European countries—Bulgaria, Croatia, Romania, and Serbia—during their synchronized boom and bust cycles in 2003–12, and assesses their effectiveness. We find that only strong measures helped contain domestic credit growth, the share of foreigncurrency- denominated loans provided by the domestic banking sector, or the domestic banking sector’s reliance on foreign borrowing during the boom years. We also find that circumvention via direct external borrowing often fully offset the effectiveness of these strict measures, and thatmeasures taken during the bust had no discernible impact. We conclude that (i) proper calibration of macroprudential measures is of the essence; (ii) only strong, broad-based macroprudential measures can contain credit booms; (iii) econometric studies of macroprudential policy effectiveness should focus on measures rather than on instruments (i.e. classes of measures) and in so doing allow for possible non-linear and state-contingent effects.

This four-volume set, edited by a leading expert in the field, brings together in one collection a series of papers that have been fundamental to the development of renewable energy as a defined discipline. Some of the papers were first published many years ago, but they remain classics in their fields and retain their relevance to the understanding of current issues. The papers have been selected with the assistance of an eminent international editorial board. The set includes a general introduction and each volume is introduced by a new overview essay, placing the selected papers in context. The range of subject matter is considerable, including coverage of all the main renewable technologies, the fundamental principles by which they function, and the issues around their deployment such as planning, integration and socio-economic assessment. Overall, the set provides students, teachers and researchers, confronted with thousands of journal articles, book chapters and grey literature stretching back decades, with a ready-made selection of and commentary on the most important key writings in renewable energy. It will be an essential reference for libraries concerned with energy, technology and the environment.

Of the 1.2 billion adolescents in the world today, 90% live in low- and middle-income countries. These adolescents face many challenges in their lives. Enrollment in secondary schools is still low in many parts of the world, with illiteracy rates approaching 30% in the least developed countries. Further, adolescents not in school are more vulnerable to trafficking, recruitment into armed conflict, and child labor. Many adolescent girls marry and begin bearing children at a young age, contributing to the perpetuation of poverty and health problems. Despite these many challenges, adolescents also represent a resource to be cultivated through educational opportunities and vocational training to move them toward economic independence, through initiatives to improve their reproductive health, and through positive interpersonal relationships to help them avoid risky behaviors and make positive decisions about their futures. Edited by Jennifer E. Lansford and Prerna Banati, the Handbook of Adolescent Development Research and its Impact on Global Policy tackles both the challenges and the promise of adolescence by presenting cutting-edge research on social, emotional, behavioral, cognitive, and physical development. In addition to providing actionable strategies for policy-makers and practitioners, this volume consciously adopts a positive framing of adolescence, representing young people as opportunities, rather than threats. Throughout the book, readers will find a valuable investment at the individual and societal levels as a way to contribute to a positive shift in the public discourse around young people today.

Der Aufstieg der Volksrepublik China stellt die internationale Politik und Diplomatie vor immense Herausforderungen. Gleichzeitig nehmen die Spannungen zwischen den USA und der Volksrepublik unaufhörlich zu. Beide Staaten steuern unmittelbar auf einen Konflikt zu, den keine Seite intendiert und dessen allumfassende Konsequenzen noch kaum absehbar sind. Ein besonderer Schauplatz dieser wachsenden Auseinandersetzung ist die Region Südostasien, in der sowohl die USA, im Verbund mit einigen Anrainerstaaten, als auch die Volksrepublik China miteinander in einem harten Wettbewerb um die regionale Vorherrschaft stehen. Dieses Buch zeigt anhand der territorialen und maritimen Konflikte in der Südchinesischen See auf, dass Chinas zunehmend proaktive und rücksichtslosere Position gegenüber diesen Konflikten und den Konfliktparteien auch eine Folge der zunehmenden Wahrnehmung von Respektlosigkeit und dem damit einhergehenden Wunsch Chinas, dies entsprechend zu korrigieren, ist und nicht allein eine strategische Entscheidung oder gar unvermeidliche Entwicklung darstellt. Auf diesen Ergebnissen aufbauend wird die Möglichkeit eines nachhaltigen Konfliktmanagements diskutiert und entsprechend eine Reihe konkreter Handlungsempfehlungen formuliert.

An in-depth look at how banks and financial institutions manage assets and liabilities Created for banking and finance professionals with a desire to expand their management skillset, this book focuses on how banks manage assets and liabilities, set up governance structures to minimize risks, and approach such critical areas as regulatory disclosures, interest rates, and risk hedging. It was written by the experts at the world-renowned Hong Kong Institute of Bankers, an organization dedicated to providing the international banking community with education and training. Explains bank regulations and the relationship with monetary authorities, statements, and disclosures Considers the governance structure of banks and how it can be used to manage assets and liabilities Offers strategies for managing assets and liabilities in such areas as loan and investment portfolios, deposits, and funds Explores capital and liquidity, including current standards under Basel II and Basel III, funding needs, and stress testing Presents guidance on managing interest rate risk, hedging, and securitization