Treasury management is one of the essential steps in the functioning of any financial institution. There are a plethora of activities involved in treasury management such as risk management, investment management etc. each of which significantly affect the future of organisations.
To help professionals understand better about this concept as well as to help them formulate various principles with regards to treasury management, we have listed the top 5 books which explain the topic in great detail.
The Bond Book
The book is as good as its name when it comes to investing in bonds and other securities as it guides the users on how to invest with confidence. The author Annette Thau in this book explains how a user can identify suitable investment opportunity by filtering out the noise in the market. Some of the topics which the author covers include, closed-end funds, open-end funds, and ETFs. Throughout the book, the author explains, how fixed income securities can be utilised to diversify portfolios and hence make greater profits.
Treasury Markets and Operations
Neatly explaining the operations and functions involved in treasury management, this book by the Hong Kong Institute of Bankers, is focussed on giving a greater perspective to bankers about treasury management. Helping readers learn the intricacies of trade, the author has tried to explain concepts such as foreign exchange, bond market etc. using various illustrations and examples.
Treasury Fundamentals
As is obvious from the name itself, Treasury Fundamentals is focussed towards educating the beginners with the basic of treasury management. The author Antonio Morelli, in this book, explains concepts such as cash management, asset management etc. in great detail. Once you are done with the basics, the book contains exercises and MCQs which test your knowledge and allow you to grasp the subject better.
The Handbook of Global Corporate Treasury
One of the finest books on treasury management, The Handbook of Global Corporate Treasury dwells deep into the role of a corporate treasurer and how to better manage a corporate treasure. The book explains and elaborates on every concept of global treasury management such as cash flow, performance evaluation etc. and explains how to align the goals of the same with the organisation’s goal. The author later goes on to explain tips of creating powerful treasury management system and maintaining the same.
Treasury Management: The Practitioner’s Guide
If you are entirely new to the treasury management domain, then this book written by Steven M. Bragg is your one-stop guide for learning about the same. The book starts by explaining and covering the basics such as cash flow management, investment management etc. and then later goes into advanced concepts such as designing a treasury management model. If you are looking for a comprehensive guide to explain A to Z of treasury management, then this book is the one you should go for.
So these were the top 5 books on treasury management, which we believe will provide you with a good insight into treasury management. If you think you know other better books, do let us know about them in the comment section below.
