\u003cp\u003e\u003ci\u003eThe Economics of Banking\u003c/i\u003e describes and explains the behaviour of banks by examining trends and operations in banking within a mathematically accessible microeconomic framework. This new 3\u003csup\u003erd\u003c/sup\u003e edition has been fully revised and updated to reflect the major changes that have taken place in the banking sector and many new topics including new coverage of Islamic banking.\u003c/p\u003e \u003cp\u003e\u003cbr /\u003e This accessible and user-friendly textbook is essential reading for final year undergraduate and postgraduate students taking courses in banking.\u003cbr /\u003e \u003cbr /\u003e \u003c/p\u003e \u003cp\u003e\u003cb\u003eNew to this Edition:\u003c/b\u003e\u003c/p\u003e \u003cul\u003e \u003cli\u003eFully updated including new material on the financial crisis and the many implications for banking\u003c/li\u003e \u003cli\u003eNew coverage of Islamic banking\u003c/li\u003e \u003cli\u003eDiscussion of microfinance/credit unions is included in chapter 4\u003c/li\u003e \u003cli\u003eNew coverage of the Shadow Banking System\u003c/li\u003e \u003cli\u003eThe impact of Basel 3 and the Vickers Report is discussed particularly with regards to the idea of ring fencing\u003c/li\u003e \u003cli\u003eUpdated statistics and financial data\u003c/li\u003e \u003c/ul\u003e \u003cp\u003e \u003c/p\u003e
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