Author: Biz India

Author: Beat Weber Publisher:  Cambridge University Press – 275 pages Book Review by: Sonu Chandiram Money essentially, is a store of value and a means of exchanging value for goods and services  received. Over the course of millennia since man began to trade goods and services, money has taken many physical forms – beads, stones, metals, and particularly, paper. Then credit cards followed, and when they were first issued, they were generally not bound or secured by any physical assets of either the borrower or lender. Most means of exchange in current-day use by over 7.7 billion people on...

Editors: Evan J. Criddle, Evan Fox-Decent, Andrew S. Gold, Sung Hui Kim, and Paul B. Miller Publisher:  Cambridge University Press – 342 pages Book Review by: Sonu Chandiram A fiduciary is a person who holds a legal or ethical relationship of trust with another person or persons. He or she typically takes care of money or other assets in a prudent way for another person. One party, for example, a corporate trust company or the trust department of a bank, acts in a fiduciary capacity to another party, who, for example, has entrusted funds to the fiduciary for safekeeping...

Author: Celine Dauverd Publisher:  Cambridge University Press – 299 pages Book Review by: Sonu Chandiram The Spanish Empire was one of the largest empires in history and a long-term one, spanning the late fifteenth to the early nineteenth century. Spain controlled not only parts of the Earth’s Western Hemisphere (known then as the New World) but also the Asian archipelago of the Philippines. This empire also included parts of Europe, Africa, and Oceania. It has been described by historians as the first global empire. The Republic of Genoa was an independent state for almost eight centuries from 1005 to...

Editor: Mario Quagliariello Publisher:  Cambridge University Press – 329 pages Book Review by: Sonu Chandiram The global financial crisis of 2007-2008 had the most significant, and in many cases, the most life-changing effects on thousands of companies and hundreds of thousands of people the world over since the Great Depression of the 1930s. It began in 2007 when prospective home buyers with low credit scores were lent money by banks who took aggressive risks by not properly assessing the borrowers’ ability to repay their loans.  Such risk-taking spread widely and developed into a large international banking crisis, and ended...