CUVANT INAINTE   "Business of Banking"

The book “The business of banking” is addressing the students of the Economic Faculties, especially to those having a foreign affairs profile, focusing on the banking field issues. At the same time, the book intends to be a support for the future economists in the banking field, as well as for the bankers, the foundation upon which they can expand their technical knowledge of the Romanian banking system; money services; foreign exchange operations; international trade; payment methods and means of payment or settlement; lending, and risks. It is underlined the fact that the book is a very important work, especially for the beginners, for those which are studying for the first time the subject explained in the book. Various people must be thanked for the help given: my students and my sponsor the Commercial Bank of Greece. Ligia Georgescu–Golosoiu
March 2002

PREFATA "Business of Banking"

The aim of Business of Banking is to equip the students of the Economic Faculties with the ability to take an active part in banking activities in English. The course is intended to be used by students at intermediate to advanced economic levels and is planed to get them actively understanding of economic and banking issues, not only during the classroom.
At the same time, Business of Banking is addressing not only the Romanian students, but also the foreign students who are studying in Romania and are interested in expanding their technical knowledge of the banking system. The book consists of a variety of materials and is organized around seventeen chapters, divided into two volumes. The first volume ranks from The Banking System in Romania and England to Risk management and the second volume ranks from the exchange rates to Guarantees or Bonds. These seventeen are known to be frequently used by economists and bankers in the banking field.
The material in each chapter contains a definition, descriptive passages or extracts about the topic. This provides the student with some of the structural items and vocabulary used when talking about the topic.
Finally, the readers will be acquired the ability to argue, to discuss, to hear and say things they have not heard before, and to be aware of what reaction is hoping to provoke. In short they get a flexible ability to communicate (not only in Romanian, but in English too) in the give-and-take situation of real conversation on economic, trade or banking issues. For this reason we appreciate that the book represents a real support for all those who are on their way to become economists or bankers, as well as for people who intend to start a business in this period of transition.

Professor Gabriela Anghelache
PhD in Finance
Chief of Money Department