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Best Treasury Management Book

Updated on April 9, 2024
Article byWallstreetmojo Team
Reviewed byDheeraj Vaidya, CFA, FRM
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List of Top 10 Best Treasury Management Book

Treasury management plays a central role in the smooth functioning of banks and financial institutions. It involves several critical functions, including working capital, investment, and risk management. Below is the list of such treasury management books:

  1. Treasury Management: The Practitioner’s Guide ( Get this book )
  2. Treasury Risk Management ( Get this book )
  3. The Bond Book ( Get this book )
  4. Treasury’s War ( Get this book )
  5. The Treasury Bond Basis ( Get this book )
  6. Treasury Finance and Development Banking, + Website ( Get this book )
  7. Treasury Markets and Operations ( Get this book )
  8. Treasury Fundamentals ( Get this book )
  9. International Cash Management ( Get this book )
  10. The Handbook of Global Corporate Treasury ( Get this book )

Let us discuss each treasury management book in detail, along with its key takeaways and reviews.

Best Treasury Management Book

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#1 – Treasury Management: The Practitioner’s Guide  

by Steven M. Bragg  (Author)  

Treasury Management: The Practitioner's Guide

Book Review

This work covers several aspects of treasury management in-depth and offers a thoroughly practical treatment of the subject. The author discusses issues of central significance to treasury management, including cash flow, methods, working capital management, investment management, financing, and risk management, among other areas. The role of a treasurer is elaborated, including how he raises debt and equity for the company’s financing needs and invests funds while managing various risks. This work aims to develop an understanding of the responsibilities of a treasurer along with the tools and techniques for fulfilling these responsibilities for efficient cash management and able handling of treasury systems. There is greater stress on the practical application of concepts instead of focusing on the theory of cash flow management and financing. A definitive guide on treasury management for professionals and anyone interested in acquiring a detailed practical understanding of the field.

Best Takeaway from this top treasury management book

A practical guide for treasury management professionals, details a treasurer’s responsibilities. It describes the tools and techniques necessary for carrying out tasks efficiently. The author deals at length with practical aspects of working capital management, financing, and risk management, among other related concepts. In short, a highly commendable work of practical significance in treasury management for professionals, amateurs, and students alike.

<< Get this book >>

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#2 – Treasury Risk Management

by S.K. Bagchi  (Author)

Treasury Risk Management

Book Review

This book is a specialized work dealing with the changing dynamics in the modern global financial industry and how it shapes the broader framework within which treasury risk management plays a key role in helping banks and financial institutions function efficiently. Several international banking regulatory accords, including Basel-1 and Basel-2, have been discussed by the author as part of an effort to incorporate changes in the broader operational framework of banking and financial institutions. Some key concepts covered in this work include Asset Liability Management (ALM) principles, RBI guidelines on market risk management, and managing risk in mutual fund investments. Overall, excellent work for academically interested professionals to develop a detailed understanding of the international banking regulatory norms and the context in which treasury risk management functions in the modern global industry.

Best Takeaway from this best Treasury Management book

A complete overview of treasury risk management for professionals offers a detailed treatment of recent changes in international banking regulatory norms. These regulatory norms and several newly developed guidelines have a decided impact on the theory and practice of treasury risk management, some of which have been outlined by the author in this work. An excellent practical treatise on the regulatory framework for banking and emerging risk practices in the renewed global context.

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#3 – The Bond Book

Everything Investors Need to Know About Treasuries, Municipals, GNMAs, Corporates, Zeros, Bond Funds, Money Market Funds, and More 

by Annette Thau  (Author)  

The Bond Book, Third Edition: Everything Investors Need to Know About Treasuries, Municipals, GNMAs, Corporates, Zeros, Bond Funds, Money Market Funds, and More

Book Review

This best book on treasury delves at length into the evolution of the fixed income market in the post-2008 era and how one can make use of advanced strategies and techniques to invest with fixed income securities with confidence. With a specific focus on bond markets, the author discusses methods for identifying suitable investment opportunities in individual bonds and bond funds, which can yield some of the finest returns with a carefully implemented strategy. Some instruments include closed-end funds, open-ended funds, and Exchange-Traded-Funds (ETFs). The work details how the changes in rating scales have helped shape the market for municipal bonds along with the relevance of bond insurance and Build America Bonds (BABs) in the current market scenario. The author also elaborates on how equities investors can effectively diversify their portfolios by investing in fixed income securities for higher security and higher returns.

Best Takeaway from this Top Treasury Management book

A definitive guide on the bond-investing and fixed-income securities market in the post-2008 era details several tools and techniques for assessing and evaluating an entire gamut of fixed-income instruments. The author demonstrates how equities investors can utilize fixed-income instruments for greater strategic advantage when it comes to diversifying their portfolios and enhancing returns on the same. Offering a wealth of information on an entire range of fixed-income instruments, this work makes for essential reading for any bond investor, professional, or student to understand how the fixed income markets operate.

<< Get this book >>

#4 – Treasury’s War

The Unleashing of a New Era of Financial Warfare 

by Juan Zarate (Author)  

Treasury's War: The Unleashing of a New Era of Financial Warfare

Book Review

TThis best treasury book is a unique work in its own right, presenting an insider’s account of unprecedented financial warfare waged by the United States against its enemies. The author outlines how to isolate and target terrorist groups, rogue regimes, and criminal syndicates. A small group of dedicated individuals in the U.S. utilized its financial prowess and strategic financial position to undermine potential foes. However, he stresses that the treasury utilized the central position of the U.S. dollar and the financial markets as critical tools in this new form of warfare. He goes on to describe, in as simple terms as possible, how this novel financial warfare has slowly been integrated into foreign policy and how it is set to change the shape of future warfare like never before.

Best Takeaway from this Best Treasury Management book

A monumental work that brings out the sheer power of the treasury and the tools at its disposal while discussing the novel form of financial warfare adopted by the United States against state and non-state enemies. The author narrates how America utilized its financial might in this war on terror states and rogue regimes. It is a fascinating work for professionals, students, and academically interested readers to discover the hidden power of the treasury and how it can be unleashed to achieve strategic goals.

<< Get this book >>

#5 – The Treasury Bond Basis:

An in-Depth Analysis for Hedgers, Speculators, and Arbitrageurs (McGraw-Hill Library of Investment and Finance) 

by Galen Burghardt  (Author), Terry Belton (Author)  

The Treasury Bond Basis: An in-Depth Analysis for Hedgers, Speculators, and Arbitrageurs (McGraw-Hill Library of Investment and Finance)

Book Review

A powerful work on the complex relationship between the cash market and the futures market for treasury note and bond futures offers a unique perspective to understand these markets better and profit from the unique trading opportunities presented. The authors outline how bond futures have attracted traders and hedgers for the kind of trading advantages afforded and to manage the exposure to interest rate fluctuations efficiently. This thoroughly updated third edition covers various strategies and techniques for carrying out successful volatility arbitrage trades and hedging through exotic options and bond futures. It is an excellent reference guide on treasury futures, which outlines the fundamental concepts and mechanisms of treasury bond basis with great clarity.

Best Takeaway from this Best book on Treasury Management

This exceptional work lays bare the complex relationship between the cash and futures market by exploring treasury bond and note futures and how they operate. The author does a commendable job of not only introducing the readers to efficient trading and hedging methodologies in treasury bonds and futures but also helping create a deeper understanding of the cash and futures market for any trader.

<< Get this book >>

#6 – Treasury Finance and Development Banking, + Website:

A Guide to Credit, Debt, and Risk 

by Biagio Mazzi  (Author)  

Treasury Finance and Development Banking, + Website: A Guide to Credit, Debt, and Risk

Book Review

This best treasury management book explores the creation of credit right from the moment treasury or debt management operation by the government or a corporation to raise capital. Traditionally, it was thought necessary to analyze credit and credit risk only when dealing with counterparty credit risk, high-yield debt, or credit-linked derivatives. However, they brought out their real significance to banking operations and the functioning of financial markets in the 2008 global meltdown. As a result, readers would be able to learn a great deal about the structure and function of treasuries and how debt influences all other financial activities. The author explains several critical concepts through real-world examples, illustrated with the help of graphs and market data screenshots. It comes with a companion website, offering a host of powerful tools, including the interest rate and credit modeling apps, among other things.

Best Takeaway from this Top book on Treasury management

An outstanding work on credit and credit risk details their impact on banking operations and financial markets and addresses the critical role of the treasury in the creation of debt. This work covers several key concepts, including basic credit modeling, determining the fair value of loans, bond pricing, and asset-liability management. It is supplemented by a companion website for additional material of practical utility.

<< Get this book >>

#7 – Treasury Markets and Operations

by Hong Kong Institute of Bankers (HKIB) (Author)  

Treasury Markets and Operations

Book Review

This top treasury management book deals with the fundamentals of treasury operations in banking and financial institutions and how it impacts their relationship with various financial markets. This work comprises finance experts at the Hong Kong Institute of Bankers. They intend to help banking professionals understand treasury control and acquire the latest tools and techniques. It doubles up as a reference work, providing useful info on upcoming Basel III and addresses emerging issues in both currency and money markets and the role the treasury has to play in the larger context. To enhance practical utility, the authors have illustrated concepts with the help of case studies to demonstrate how ineffective money control can hurt financial institutions. It is a highly recommended read for students and banking professionals to enhance their knowledge of treasury operations concepts and practices.

Best Takeaway from this Best book on Treasury Management

A definitive guide to treasury operations in banking and financial institutions, which helps readers learn the intricacies of the trade. Authors have laid bare the relationship between the bank’s various financial markets, including foreign exchange, bond market, and derivatives, and the role of the treasury in the scheme of things. Case studies are used to illustrate how issues in treasury control can affect financial institutions adversely.

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#8 – Treasury Fundamentals

by Antonio Morelli  (Author)  

Treasury Markets and Operations

Book Review

This best treasury book deals with the very fundamentals of treasury functions irrespective of the financial market or sector in which they might apply. The author delves at length into the concepts and principles of corporate treasury and the tools and techniques utilized for cash management, asset management, and risk management, among other essential treasury operations. It includes several multiple-choice questions to help assess your knowledge and skills and also features a comprehensive treasury glossary to benefit the readers. In short, a useful primer on treasury operations for students, laypeople, and entry-level professionals.

Best Takeaway from this Top book on Treasury management

An introductory book on treasury management of great practical utility that acquaints readers with the fundamentals of the treasury in a systematic and easy-to-understand manner. The best thing about this work is that it does not specifically deal with the treasury in the specific context of any market but, in general, as a function of universal significance to the financial industry.

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#9 – International Cash Management 

(Treasury Management and Finance Series) 

by Willem van Alphen  (Author), Carlo R. W. de Meijer (Author), Steve Everett (Author)  

International Cash Management (3rd ed)

Book Review

A thorough guide on the concepts and practices of modern cash management and the duties entrusted with a case manager. This work highlights the strategic significance and supporting role of a cash manager in treasury operations in an international organization. Moreover, it strongly suggests how things have changed dramatically in the post-2008 era, where cash managers have increasingly adopted an advisory role in financial organizations. Today, they actively develop cash management infrastructure and contribute heavily towards working capital management. This is a highly recommended work for those interested in discovering the significance of cash management in treasury operations.

Best Takeaway from this book

Excellent work on the roles and responsibilities of case managers in the post-2008 era, where they are adopting a more competitive outlook and carrying out several key tasks. The work elaborates on the increasing significance of cash management in the context of treasury operations in international organizations.

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#10 – The Handbook of Global Corporate Treasury

by Rajiv Rajendra 

The Handbook of Global Corporate Treasury

Book Review

This top book on treasury management offers a complete overview of the role and responsibilities of a modern corporate treasurer. It outlines a complete approach to managing a global corporate treasury system. The author elaborates on every aspect of a modern treasury system, including treasury design, cash management, cash flow design, performance evaluation, and other critical functionalities. In addition, readers would be acquainted with some of the latest tools employed for designing and managing an efficient treasury system and utilizing them to align the treasury of a global firm with its broader structure, outlook, and goals. Several core concepts and processes are explained with the help of illustrations, along with several numerical examples to illustrate key mathematical aspects. There is also a companion website, which offers several tools and customizable templates for practical use by treasurers and CFOs.

Best Takeaway from this book

A highly effective guide on modern treasury management and how a global firm can adapt its model for treasury operations to fit in with its specific needs. The author has also provided information on several powerful tools and techniques for designing, measuring, and implementing a treasury management system and explained key concepts and processes with the help of illustrations. A companion website fulfills the need for updated information and examples of practical utility for the readers.

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