Inside International Finance

Inside International Finance : A Citizen's Guide to the World's Financial Markets, Institutions and Key Players

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Description

A layman's guide to the world that lies behind the headlines in finance - the markets, the mechanisms, the players and the investment opportunities offered by international diversification. It begins with an account of the development of the international financial system since World War II, focusing particularly on recent developments and the massive expansion of financial flows in the 1980s. It goes on to describe and explain the principal international financial markets and instruments, and provides the rudiments of global investment. Leading institutions, firms and financial centres are then profiled and their roles examined. Finally, issues arising from the proposed single European currency and the spate of financial scandals are discussed.show more

Product details

  • Paperback | 224 pages
  • 156 x 212 x 22mm | 439.99g
  • Orion Publishing Co
  • Orion Business (an Imprint of The Orion Publishing Group Ltd )
  • London, United Kingdom
  • New edition
  • New edition
  • 0752820702
  • 9780752820705

Review Text

The economies of the world are becoming increasingly interconnected. The international aspect is important to such an extent that finance ministers are not able to implement financial policies in their own countries without due consideration of the impact in other parts of the globe. Inside International Finance provides an excellent authoritative overview of international finance in the world today for the non-expert. The book begins with a brief chronological look at the functioning of the international finance system since World War II, focusing on the different exchange-rate mechanisms and bringing the reader up to speed on recent developments, particularly the massive explosion in financial flows that transcend borders. Following on, the principal characteristics of the main financial markets are described, along with an overview of the state of the art in the complex financial instruments used by traders. Two further chapters are devoted to the rudiments of international commercial banking and global investment banking. The activities and role of the key players - the leading financial institutions, firms and financial centres - are then profiled in a concise but informative manner. Finally, issues arising from the proposed European Monetary Union and EuroCurrency are discussed, and the book would not be complete without a mention of financial crises and scandals. Inside International Finance is largely written in a non-technical, accessible manner and provides an ideal foundation for anybody wishing to understand the complexities of global finance - including students, starting practitioners, private investors, business people or laymen. This book is very similar to the excellent bestseller How the Stock Market Works by Chapman, but is vastly better structured and presented. (Kirkus UK)show more