Issues in Money and Banking

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The book examines the current state of global banking systems, highlighting the vulnerabilities faced by small and mid-sized banks amidst economic shifts. It contrasts the confidence of large institutions in adapting to the new Euro with the struggles of smaller banks, which are increasingly reliant on riskier borrowers. As banks seek higher profits, many have ventured into less stable sectors like asset management and trading. The author encourages a reevaluation of critical banking issues in light of these challenges and the evolving financial landscape.