TY  - BOOK
AU  - Arora,Neha
TI  - Banking across boundaries: placing finance in capitalism 
SN  - 9789393884121
AV  - HG173 
U1  - 332.15 
PY  - 2022/// ; Reprint 2023
CY  - New Delhi, India
PB  - Random Publications LLP
KW  - Finance
KW  - Banks and banking
KW  - International banking
KW  - International finance
KW  - Capitalism
N1  - Includes bibliographical references and index; Banks as financial intermediaries -- Financial and banking sector -- Banking system reformation -- Fractional reserve banking -- Financial markets and institutions -- Bank regulation -- Credit risk management for banking -- Capital risk management for banking -- Capital market and trade cycle -- Banking issues in the 21st century -- Internet banking in emergency markets
N2  - "Banking Across Boundaries is a theoretically precise and empirically meticulous work of political economy that grapples seriously with the large-scale spatial patterns and dynamics of capitalist development and adds to our knowledge and understanding of them. A bank's capital, also known as equity, is the margin by which creditors are covered if the bank's assets were liquidated. A measure of a bank's financial health is its capital/asset ratio, which is required to be above a prescribed minimum. In economics, a market is defined as a set of arrangements whereby buyers and sellers come together and enter into contracts to exchange goods or services. An international financial market works on exactly the same principles. Financial instruments and services, which include diverse items such as currencies, private banking services and corporate finance advice, are traded internationally, that is, across national frontiers. In the new millennium, nearly all financial markets in the main1 industrialised economies are international. The main exceptions are retail banking markets and personal stockbroking, but even here there are some global features. Obtaining foreign exchange for holiday makers is a long-established international transaction, and now debit cards issued by banks may be used world-wide, allowing customers to withdraw cash in a local currency. Some foreign banks, if permitted by the authorities, are expanding into retail markets, though currently these institutions tend to offer a few niche products and/or target high net worth individuals. The book nevertheless delves deeply into the histories of banking, from merchant capitalism through the industrial age to the contemporary period of 'financialized' capitalism." -- Back cover
ER  -