The Money Machine: How the City Works (3rd Edn) - Couverture souple

Coggan, Philip

 
9780140233995: The Money Machine: How the City Works (3rd Edn)

Synopsis

Intended for the lay reader, this book explains the workings of the London Stock Exchange, banks and pension funds, building societies, foreign exchanges and all those institutions that make up that nebulous body, "The City". The actions of these bodies have a major effect of the life of everyone, but most people have only the haziest idea how they work. This is a guide to high finance: it explains the means by which billions of pounds are borrowed and invested every day. It shows how the Foreign Exchange works and why interest rates fluctuate. The reader of this book will learn what "tombstones" are, what the FT 100 share index tells you, the difference between "forward cover" and "hedging" and what dollar denominated payments are.

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Revue de presse

If you are looking for an immediately practical book, then the best basic guide continues to be The Money Machine (Financial Times)

Philip Coggan's excellent primer on the City. (London Review of Books)

A marvellously clear account of the City and all the modern financial developments (Business Review)

Both interesting and informative ... it is written in a way that makes it an easy read (Business)

Fascinating (Accountancy Age)

An excellent introduction to many of the key financial institutions which do business in the City ... Even if you have been working in the City for years, it is quite likely that you will learn a great deal from this book. Certainly it makes you realize the extent of financial dealings taking place daily in the City. (citylondon.co.uk)

The Lonely Planet for things financial (Observer)

Présentation de l'éditeur

What happens in the City has never affected us moreIn this excellent guide, now fully revised and updated, leading financial journalist Philip Coggan cuts through the headlines, the scandals and the jargon to explain the nuts and bolts of the financial system.What causes the pound to rise or interest rates to fall? Which are the institutions that really matter? Why is it we need the Money Machine - and what happens when it crashes? Coggan provides clear and concise answers and shows why we should all be more familiar with a system we so intimately depend upon.

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