The financial crisis that stemmed from subprime mortgage lending in the US has ensnared markets around the world. How is it that lending practices in Florida or California can wreak havoc in Asia or Europe?
How the Global Financial Markets Really Work brings clarity and sense to an often complex international financial environment, showing how circumstances in one country can have a dramatic effect in many others. The book examines financial markets as they are today - global and, for better or worse, interlinked and inter-dependent. It covers the markets of the US and Europe, as well as other key financial centres around the world, but will also offer insight to the unique issues facing emerging markets, including Eastern Europe, China, India, Africa and the Middle East.
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Alexander Davidson is a financial journalist and a senior editor at Complinet. He is the author of How the Global Financial Markets Really Work, The Complete Guide to Online Stock Market Investing and How to Understand the Financial Pages, all published by Kogan Page.
"An essential handbook for anyone hoping to understand the financial world of the 21st century." William Kay, The Sunday Times, London "John Calverley, Head of Research, North America, Standard Chartered Bank, and author of When Bubbles Burst: Surviving the Financial Fallout" "Alexander Davidson has provided a very usefuloverview of the structure andoperationof thebroad range of financial markets.This provides aframework in whichthechallengesand implications of thecredit crunchcan beexplained." Duncan McKenzie, Director of Economics, International Financial Services, London "Professor Stewart Hodges, Faculty of Finance, Cass Business School, London" "Never has it been more important for all of us to understand how financial services work and this superb general guide deserves to be read widely. Alexander Davidson has done an excellent job in explaining how it all fits together and how the City impacts the rest of society, and the world." Lord Mayor of the City of London, Alderman Ian Luder "Allister Heath, Editor, City AM, London" "The author provides a thorough analysis of the global financial markets and sets out in clear terms the interdependence of markets in the modern era. The book is a valuable aid for policymakers, campaigners with an interest in global financial markets, and students alike." Mick McAteer, Director, The Financial Inclusion Centre, London
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