The Money Machine: How the City Works
What happens in the City has never affected us more
In this excellent guide, now fully revised and updated, leading financial journalist Philip Coggan cuts through the headlines, the scandals and the jargon to explain the nuts and bolts of the financial system.
What causes the pound to rise or interest rates to fall? Which are the institutions that really matter? Why
As for my research, I like that it draws out a lot of the different players/financial systems/institutions that are involved. He does a decent job of articulating what motivates each area of finance. I would highly suggest this for those that are trying to learn the market environment. Though it's ...more
An excellent appraisal of the various financial institutions, products, instruments, and managers involved in the global money machine. Despite calls for more regulation, more crashes will happen in the future, as influential people seek to gain. With too little control over shadows banks, room for fraud continues to be a concern, and - yet - conversely, too much power is concentrated in the hands of the few who can manipulate what happens in the system, ...more
Overall its a very easy read, and not laborious. A great book, particularly for beginners or those with little understanding of the financial services sector, but an equally engaging read for the more experienced. Contextualises a lot of the modern economic trends and innovations, while also ...more