Updated June 16, 2023
Best Books to Learn Treasury Management
Treasury management is key to optimizing a company’s liquidity and mitigating operational and financial risks. Treasury management books give a comprehensive overview of the entire field of treasury management. It is essential for those new to the area, as it helps them understand the various concepts and terminology.
This list of treasury management books provides an overview of the role of the treasurer and the treasury department and issues in treasury management. It will be an excellent resource for those new to cash management, providing clear and concise explanations of key concepts and strategies.
Below is the list of the top 10 treasury management books.
|
# |
Book | Author | Published |
Rating |
| 1 | Treasury Management: The Practitioner’s Guide | Steven M Bragg | 2010 | Amazon: 4.4
Goodreads: 3.89 |
| 2 | International Cash Management | Michiel P. Ranke | 2018 | Amazon: 5
Goodreads: 4.00 |
| 3 | Essentials of Managing Treasury | Karen A. Horcher | 2005 | Amazon: 3.3
Goodreads: 4.43 |
| 4 | The Handbook of Global Corporate Treasury | Rajiv Rajendra | 2013 | Amazon: 3.8
Goodreads: 4.20 |
| 5 | The Treasury Bond Basis | Galen Burghardt and Terry Belton | 2005 | Amazon: 4.2
Goodreads: 4.18 |
| 6 | Treasury’s War: The Unleashing of a New Era of Financial Warfare | Juan C. Zarate | 2015 | Amazon: 4.3
Goodreads: 3.78 |
| 7 | Treasury Fundamentals | Antonio Morelli | 2013 | Amazon: 3.9
Goodreads: 4.00 |
| 8 | Treasury Operations Handbook | Philip J. L. Parker | 2010 | Amazon: 3.6
Goodreads: 2.67 |
| 9 | The Bond Book | Annette Thau | 2010 | Amazon: 4.6
Goodreads: 4.05 |
| 10 | Treasury Markets and Operations | Hong Kong Institute of Bankers | 2014 | Amazon: 5
Goodreads: 4.00 |
Here are the reviews and main takeaways from the top 10 treasury management books listed above.
Book #1: Treasury Management: The Practitioner’s Guide by Steven
Author: M. Bragg
You can purchase it here.
Review
The author debates several treasury management aspects like working capital management, investment management, debt management, foreign exchange risk management, interest risk management, and equity management. It will help you learn how to deal with clearing, settlement, and treasury systems.
Key Points
- The book covers several features of treasury management comprehensively.
- It’s a guide for practicing and aspiring treasury management professionals.
- The book also elaborates on cash forecasting and cash transfer methods.
- This book allows a quick understanding of the real treasury management world.
Book #2: International Cash Management
Author: Michiel P. Ranke
You can purchase it here.
Review
The book elaborates on the daily schedule of a treasury manager. It includes daily account balance management, cash flow forecasts, financial markets, and financial product transactions. The author lays down the steps to adequately manage corporate cash through netting, cash pools, and payments and collection systems. It highlights the role of treasury managers in managing working capital.
Key Points
- The book gives a detailed view of the banking and corporate treasury.
- This book analyzes the modern capital management system.
- It also gives an insight into administration studies and business economics of cash management.
- It also suggests the best practices a manager can follow to ensure prudent treasury management.
Book #3: Essentials of Managing Treasury
Author: Karen A. Horcher
You can purchase it here.
Review
The book helps understand the development of treasury management to its current form. It provides excellent insights into different techniques to manage foreign currency movements between corporations and the associated risks.
Key Points
- The book gives an overview of treasury procedures and practical technological methods of treasury management.
- This book describes the best treasury management practices in a concise form.
- It covers the treasury management history, development, and current best practices.
- A reader learns the practical treasury management environment, strategies, and challenges financial and treasury professionals face.
Book #4: Handbook of Global Corporate Treasury
Author: Rajiv Rajendra
You can purchase it here.
Review
The author simplifies the complex financial world, making it exciting and easy to read. It provides a guide on cheaper and more efficient solutions to common issues faced in the global treasury market.
Key Points
- The book is a guide to help corporate finance and treasury officers get a global perspective of the operations of the corporate treasury.
- It is a guide to the global perspective of operating a corporate treasury.
- The author provides reference points one can use to replicate efficient global treasury functions.
- Bankers can also learn novel methods to add value to their clients.
Book #5: The Treasury Bond Basis
Author: Galen Burghardt and Terry Belton
You can purchase it here.
Review
It is a book series that analyzes speculators, hedgers, and arbitrageurs. The book shows the market’s diversities making it a reference for treasury bonds worldwide. It emphasizes options valuations and delivery and the future of bonds trading.
Key Points
- This book gives a comprehensive guide to the treasury bond and futures market.
- It is a good book for students and professionals who want to trade in the financial market.
- The book helps to understand how to trade treasury bonds, futures, and options.
- A market speculator gets an update on how to hedge and arbitrate in numerous markets.
Book #6: Treasury’s War: The Unleashing of a New Era of Financial Warfare
Author: Juan C. Zarate
You can purchase it here.
Review
It’s a great read, and it provides answers to many questions. This book is a must-read for those interested in knowing about financial warfare. The book elaborates on how the United States puts pressure and deals with its governments that come in the way of its political and economic ambitions.
Key Points
- The book exposes the financial war campaign in the United States, financial warfare in general, and how financial power works.
- The author Juan Zarate was once a senior Treasury and White House official.
- He is an expert in current economic warfare trends.
Book #7: Treasury Fundamentals
Author: Antonio Morelli
You can purchase it here.
Review
This book is a good reference point if you are new to treasury management. A comprehensive treasury glossary facilitates a proper understanding of the concepts. Professionals can use the book to brush up on their fundamentals, and beginners can use it to build their fundamentals.
Key Points
- The book details the fundamentals of cash management, risk management, asset management, accounting, and treasury resources.
- This book is a primer on the fundamental principles of treasury management.
- The book covers all major technologies and services used in a modern treasury unit.
Book #8: Treasury Operations
Author: Philip J. L. Parker
You can purchase it here.
Review
The book analyzes the treasury transaction workflow, global settlement, and treasury systems. It also talks about data management, risk management, and compliance.
Key Points
- This book is a guide to treasury back-office operations.
- It is a practical guide for treasury professionals and candidates for the ACI (The Financial Markets Association) Operations certificate.
- Four chapters of the book specifically deal with basic dealing activities in the foreign exchange, money market, derivatives, and capital markets.
Book #9: The Bond Book
Author: Annette Thau
You can purchase it here.
Review
It provides helpful investment insights, especially for retirees or those expecting to retire in a few years. Investors who want to diversify their portfolios and create passive income cash flows will learn much from this book.
Key Points
- The book discusses money market funds, zeros, municipalities, and corporates.
- This book comprehensively covers all about treasuries and bond funds.
- The author educates on appropriate incomes during retirement and the best investment portfolio.
- It also highlights the safe and junk bonds of the bond market.
Book #10: Treasury Markets and Operations
Author: Hong Kong Institute of Bankers
You can purchase it here.
Review
The book provides bankers with a thorough understanding of how the overall composition of assets and liabilities should be formulated and managed to support the banking business model.
Key Points
- The book is an excellent asset to bankers and finance professionals.
- This book deeply delves into the treasury management of banks and financial institutions.
- The book establishes the relationship between the banking sector and the bond, foreign exchange, and derivatives markets.
Recommended Books
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