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Informationen zum Autor Alexander Davidson is a leading financial journalist who has written widely for the national press. He is the author of several books, including the best-selling How to Win in a Volatile Stock Market and H ow to Understand the Financial Pages , both published by Kogan Page. Alexander may be contacted via his website at www.flexinvest.co.uk. Klappentext How the City Really Works clearly explains the workings of the City! as well as its relationships with other international financial centres. The book features sections on the dangers of fraud and money laundering! credit derivatives! the latest governance issues! and the current state of the pensions market. It provides further coverage of the key roles within the City! from stockbrokers and foreign exchange dealers to accountants and Lloyd's underwriters! and demonstrates how they relate to each other. Packed with information and insights on the key products - from bonds to new share offerings and derivatives - How the City Really Works gives you a crash course in: City markets; hedge funds and traders; City regulation; the City's relationships with the United States and Europe. This informative and entertaining guide to London's financial markets offers practical advice on how you can put the information it contains to profitable use when making your investment decisions. Zusammenfassung How the City Really Works is a comprehensive guide to how London's financial markets operate. It offers advice on how you can put the information it provides to practical and lucrative use and includes sections on: the City of London! the Bank of England! commercial banking! investment banking and all types of financial products. Inhaltsverzeichnis Foreword xxviii Acknowledgements xxxii 1 The City of London 7 Introduction; The City defined; Financial markets; The City as a world leader; No gain without pain; Markets are people; The future; The next step 2 The Bank of England 17 Introduction; Origin; Role; Lender of last resort; More crisis reactions; Liquidity provision; Helping the government packages; Profit from the crisis; The future 3 Commercial banking 27 Introduction; Overview; History; Commercial banks in operation; Structured investment vehicles; Building societies; Raising capital; Credit collection Bad loans; Capital adequacy; The financial crisis 4 Introduction to equities 41 Introduction; Shares; Market indices; Stockbrokers; The next step 5 How to value shares 46 Introduction; Analysts' forecasts; Ratios; Discounted cash flow analysis; Market influencers 6 New share issues 52 Introduction; Capital raising 7 Investment banking 58 Introduction; Overview; Initial public offering; Specialist types of share issues; Bond issues; Mergers and acquisitions; The future 8 Introduction to derivatives 68 Introduction; Cash and derivatives; Four types of derivative and transactions; Hedging and speculation; On-exchange versus OTC derivatives; Clearing and settlement; The credit crisis; European regulation 9 Derivatives for retail investors 78 Introduction; Options; Futures; Warrants; Financial spread betting; Contracts for difference 10 Wholesale market participants 86 Introduction; Banks; Investors; Inter-dealer brokers 11 Interest rate products 89 Introduction; Money markets; The interbank market; Debt securities; Repos; Interest rate derivatives; Index swaps; Forward rate agreements; Interest rate forwards; Government bonds; Yields and redemption; Market Size; Borrowing and the economy 12 Credit products 98 Introduction; Overview; Bonds; Credit derivatives; The future 13 Commodities 110 Introduction; Overview; The range of commodities - hard; The range of commodities - soft, The investment case for commodities, Regulation 14 Foreign exchange 121 Introduction; Global overview; The participants; Exchange rates; Supply and demand; Transaction ty...
