- Paperback: 288 pages
- Publisher: Longtail Publishing Limited; 1st edition (1 Jan. 2010)
- Language: English
- ISBN-10: 0955218659
- ISBN-13: 978-0955218651
- Product Dimensions: 15.4 x 1.6 x 23.3 cm
- Average Customer Review: 3.8 out of 5 stars See all reviews (4 customer reviews)
- Amazon Bestsellers Rank: 476,669 in Books (See Top 100 in Books)
All You Need to Know About the City Part 2 Paperback – 1 Jan 2010
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More About the Author
Chris has had a wide-ranging career. He has been a financial journalist and editor, a tutor on an MBA, a marketing director, a City lawyer and a partner in a City law firm, and has held a number of roles ranging across legal training, knowledge management and project management in a top ten global law firm. Chris has also run his own business and worked as a management consultant. He is also an award-wining poet.
From the Publisher
Do not buy if you have already purchased: "All you need to know about Global Financial Markets" as this is the UK version of that book!
From the Author
Here's the deal. I'm going to take you on a flight around the world to
show you the world's financial markets. What we're talking about is
money. Who has it, what it looks like. The bricks 'n' clicks.
Who has it is what I call the `bricks'. The bricks are real. As we look down
they'll be what you see on the ground: the international financial centres
(IFCs) where the financial institutions and the people who work in them reside
- the banks, institutional investors, hedge funds, private equity houses,
brokers, the lot. They're the people with the money.
What it looks like - what forms it takes - I call the `clicks'. These days money is just electronic entries on screens. The clicks are virtual. They're the international financial markets (IFMs), the clouds where all the money floats. What do I mean by money? Currencies and gold for sure. But all those other financial instruments with monetary value too: shares, bonds, derivatives, money market securities and so on. These things used to be traded on the ground, on the trading floors of exchanges. But now the bulk are traded in thin air, incyberspace, between brokers' screens and over the phone.
That's what I mean by the bricks 'n' clicks.
As we fly through the IFM clouds we're going to get right up close to the
weird and wonderful instruments and securities that caused the world's
financial meltdown - securitisation, sub-prime lending, structured investment
vehicles - all of that credit crunch stuff.
But as we look down we'll see an even bigger picture - the world's
economies and how they interact, and how governments stepped in to prevent
In between we're going to touch down in those IFCs: New York, Tokyo,
London, Hong Kong, Shanghai, Singapore, Mumbai, Frankfurt, Dubai - even
Chicago, king of derivatives - getting so close we can smell them.
And along the way we'll glide above the island paradises that are the offshore
financial centres (OFCs).
By the end you'll know all about the IFMs, IFCs and OFCs which together
make up the global financial markets. You'll understand all those confusing
acronyms and bits of jargon people in the financial markets like to bandy
about. You too will be an expert.
Strap yourself in. Time to get airborne.
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Top Customer Reviews
I was worried that Part II would be the same old topics rehashed for the sake of milking Part I's success. I do detect an element of that, but I nonetheless feel like this book has standalone value: it builds on the first one, but takes an international slant, revealing some of the more exotic financial creatures one can find lurking around London, New York, Hong Kong and so on.
On occasion the book sacrifices depth for breadth (dealing with Keynesian economics in half a page, for example), but that aside, the author has chosen a good selection of topics and explained the basics of them beautifully.