Consider this the flight manual for the next crisis. In a high-interest rate environment, the duration gap is your enemy. Chapter 7 ("Managing the Duration Gap in a Falling Reserve Regime") should be memorized.
In the decade since the original Principles of Banking became a cornerstone of financial literature, the global banking landscape has undergone a seismic shift. The 2008 financial crisis exposed flaws in liquidity management, the COVID-19 pandemic tested operational resilience, and the rise of fintech and digital assets challenged the very definition of a "bank." The Principles of Banking Edition- 2