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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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
Philip Coggan has been a journalist for the Financial Times since 1986, including spells as a Lex columnist, personal finance editor and economics correspondent.
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Book Description Penguin UK, 1999. Paperback. Book Condition: New. 3rd. Bookseller Inventory # DADAX0140233997
Book Description Penguin UK, 1995. Paperback. Book Condition: New. book. Bookseller Inventory # 0140233997