Substantially revised and updated, this third edition of The UK Financial System presents a comprehensive explanation of the workings of the financial system of the United Kingdom. It contains full details of the main financial markets and institutions as well as presenting some key theoretical developments such as asymmetric information, the efficient markets hypothesis and the term structure of interest rates, thus providing an analytical framework to aid understanding of the institutional structure. Recent changes in the UK financial system are also covered.
Detailed, succinct, and absolutely vital resource for anyone embarking on a career in the city who wishes to learn more about the UK (and international) financial system, and how the economic machine *really* works. Highly recommend.