The Money Machine: How the City Works (3rd Edn) (Penguin Business Library) - Softcover

Coggan, Philip

 
9780140233995: The Money Machine: How the City Works (3rd Edn) (Penguin Business Library)
Softcover
ISBN 10: 0140233997 ISBN 13: 9780140233995
Publisher: Penguin, 1995

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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Review

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, John Lanchester

About the Author

Philip Coggan has been a journalist for the Financial Times since 1986, including spells as a Lex columnist, personal finance editor and economics correspondent.

"About this title" may belong to another edition of this title.

Publisher
Penguin
Publication date
1995
Language
English
ISBN 10 
0140233997
ISBN 13 
9780140233995
Binding
Paperback
Edition number
3
Number of pages
224