Introduction to Global Financial Markets

An Introduction to Global Financial Markets describes the various financial sectors in clear and easy-to-understand terms. The book reflects the fact that the world is moving towards a single global market and provides a broad and balanced introduction to financial markets across the world.The fourth edition has been fully updated to cover the latest developments in the field.These include the impact of 9/11 and the relative collapse of world stock markets; new capital ratios for banks; current retail banking developments; the results of the latest world FX survey; the problems faced by the European Economic Union; attempts to reform Lloyd's of London, and a review of current trends.Providing comprehensive coverage of commercial and investment banking, foreign exchange, money and bond markets, trade finance, stock markets, and options, futures, and other derivatives, this book is the ideal primer for those who require a basic understanding or are new to the world of finance. It has been a best seller in the City of London's major financial bookshop and is ideal reading for students of banking, finance, economics and business, at undergraduate and postgraduate level, as well as professionals wishing to gain an insight into financial markets and institutions.