How the Global Financial Markets Really Work

An essential handbook for anyone hoping to understand the financial world of the 21st century. William Kay, The Sunday Times, London This book provides an easy-to-read and up-to-date overview of the players and products of the capital markets, explaining how and why things went so spectacularly wrong in the credit crunch. Janette Rutterford, Professor of Financial Management, Open University Business School An excellent introduction to financial markets. Wide-ranging, easy to read, and with a wealth of information for investors. John Calverley, Head of Research, North America, Standard Chartered Bank, and author of When Bubbles Burst: Surviving the Financial Fallout Alexander Davidson has provided a very useful overview of the structure and operation of the broad range of financial markets. This provides a framework in which the challenges and implications of the credit crunch can be explained. Duncan McKenzie, Director of Economics, International Financial Services, London A concise and readable commentary, particularly focused on making sense of recent events. Its scope is remarkably wide and the descriptions are well complemented by the glossary and other appendix materials Professor Stewart Hodges, Faculty of Finance, Cass Business School, London Never has it been more important for all of us to understand how financial services work and this superb general guide deserves to be read widely. Alexander Davidson has done an excellent job in explaining how it all fits together and how the 'City' impacts the rest of society, and the world. Lord Mayor of the City of London, Alderman Ian Luder This is an excellent introduction to how the City and global finance actually work. Alexander Davidson explains all of the main topics clearly and comprehensively. Anybody who wants to work in finance in the post-credit crunch world would do well to read this book. Allister Heath, Editor, City AM, London The author provides a thorough analysis of the global financial markets and sets out in clear terms the interdependence of markets in the modern era. The book is a valuable aid for policymakers, campaigners with an interest in global financial markets, and students alike.