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.
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The Money Machine: How the City Works (3rd Edn) (Penguin Business Library)
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Paperback. Condition: Very Good. The Money Machine: How the City Works (3rd Edn) (Penguin Business Library) This book is in very good condition and will be shipped within 24 hours of ordering. The cover may have some limited signs of wear but the pages are clean, intact and the spine remains undamaged. This book has clearly been well maintained and looked after thus far. Money back guarantee if you are not satisfied. See all our books here, order more than 1 book and get discounted shipping. Seller Inventory # 7719-9780140233995
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The Money Machine: How the City Works (Penguin Business Library)
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Paperback. Condition: Used; Good. Dispatched, from the UK, within 48 hours of ordering. This book is in good condition but will show signs of previous ownership. Please expect some creasing to the spine and/or minor damage to the cover. Aged book. Tanned pages and age spots, however, this will not interfere with reading. Damaged cover. The cover of is slightly damaged for instance a torn or bent corner. Seller Inventory # CHL8573399
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The Money Machine: How the City Works (Penguin Business Library)
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Paperback. Condition: Very Good. This book is in very good condition and will be shipped within 24 hours of ordering. The cover may have some limited signs of wear but the pages are clean, intact and the spine remains undamaged. This book has clearly been well maintained and looked after thus far. Money back guarantee if you are not satisfied. See all our books here, order more than 1 book and get discounted shipping. Seller Inventory # 6545-9780140233995
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Money Machine : How the City Works
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The Money Machine: How the City Works
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Softcover. Condition: Fine. Leichte Risse; Farbveränderung durch Alter/Sonne. Seller Inventory # e1c95a59-4b3b-4486-8a1e-75f75b228ce5