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From bestselling author Glen Arnold, this is a jargon-busting book that describes how financial markets work, where they are located and how they impact on everyday life. It assumes no specialised prior knowledge of finance theory and provides an authoritative and comprehensive run-down of the workings of the modern financial system.
Using real world examples from media such as the Financial Times, Arnold gives an international perspective on the financial markets with frequent comparisons in the workings of major financial centres such as the Bank of England and the City, the Federal Reserve System and Wall Street, the Japanese Central Bank, the European Central Bank and IMF and World Bank.
List of contents
Preface
Author's acknowledgments
Publisher's acknowledgements
Chapter 1 The purpose of financial markets
Chapter 2 An overview of the markets and institutions
Chapter 3 Banking: retail and corporate
Chapter 4 Investment banking
Chapter 5 Other types of banking
Chapter 6 Central banking
Chapter 7 Pooled investment funds
Chapter 8 Insurance
Chapter 9 Money markets
Chapter 10 Bond markets – governments and corporate
Chapter 11 Bond markets - the more exotic
Chapter 12 Equity markets
Chapter 13 Raising share capital
Chapter 14 Futures markets
Chapter 15 Options and swaps
Chapter 16 Foreign exchange markets
Chapter 17 Hedge funds and private equity
Chapter 18 Regulation of the financial sector
Chapter 19 The financial crisis
Index
About the author
Glen Arnold is a businessman, investor and a professor of investment at Salford University. He’s the author of numerous finance and investing books including Corporate Financial Management, The Handbook of Corporate Finance, The Financial Times Guide to Investing and The Great Investors, all published by Financial Times-Prentice Hall.
Summary
From bestselling author Glen Arnold, this is a jargon-busting book that describes how financial markets work, where they are located and how they impact on everyday life. It assumes no specialised prior knowledge of finance theory and provides an authoritative and comprehensive run-down of the workings of the modern financial system.
Using real world examples from media such as the Financial Times, Arnold gives an international perspective on the financial markets with frequent comparisons in the workings of major financial centres such as the Bank of England and the City, the Federal Reserve System and Wall Street, the Japanese Central Bank, the European Central Bank and IMF and World Bank.
