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<p>Principles of banking and fi nance
M. Buckle, E. Beccalli
FN1024, 2790024
2011
Undergraduate study in
Economics, Management,
Finance and the Social Sciences
This is an extract from a subject guide for an undergraduate course offered as part of the
University of London International Programmes in Economics, Management, Finance and
the Social Sciences. Materials for these programmes are developed by academics at the
London School of Economics and Political Science (LSE).
For more information, see: www.londoninternational.ac.uk
This guide was prepared for the University of London International Programmes by:
M. Buckle, MSc, PhD, Senior Lecturer in Finance, European Business Management School,
Department of Accounting, University of Wales, Swansea.
E. Beccalli, Visiting Senior Fellow in Accounting, London School of Economics and
Political Science.
This is one of a series of subject guides published by the University. We regret that due to
pressure of work the authors are unable to enter into any correspondence relating to, or aris-
ing from, the guide. If you have any comments on this subject guide, favourable or unfavour-
able, please use the form at the back of this guide.
University of London International Programmes
Publications Office
Stewart House
32 Russell Square
London WC1B 5DN
United Kingdom
Website: www.londoninternational.ac.uk
Published by: University of London
© University of London 2008
Reprinted with minor revisions 2012
The University of London asserts copyright over all material in this subject guide except where
otherwise indicated. All rights reserved. No part of this work may be reproduced in any form,
or by any means, without permission in writing from the publisher.
We make every effort to contact copyright holders. If you think we have inadvertently used
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Contents
i
Contents
Chapter 1: Introduction .......................................................................................... 1
General introduction to the subject ..........