Money Machine 3rd Edition: How The City Works (Penguin Business Library)

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9780140233995: Money Machine 3rd Edition: How The City Works (Penguin Business Library)

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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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.

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 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

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Philip Coggan
Published by Penguin UK (1999)
ISBN 10: 0140233997 ISBN 13: 9780140233995
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Philip Coggan
Published by Penguin UK (1995)
ISBN 10: 0140233997 ISBN 13: 9780140233995
New Paperback Quantity Available: 1
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