Provides a broad introduction to principle global financial markets and
institutions from the US, Japan, UK, Germany, and France.
Describes various financial sectors in clear terms, using mathematical formulae
and statistical examples while keeping in mind the needs of the non-numerate reader.
Includes chapters summaries and a glossary. For advanced students, those working in
banking and financial institutions in a support role, and staff in suppliers of
information and computer services to the financial markets. This is an extensively revised
edition of An Introduction to Western Financial Markets. The original title was first
published in 1993.
PROFESSOR PHILIP MOLYNEUX is Head of Bangor Business School, Professor
in Banking and Finance and Director of the Institute of European Finance at Bangor
University, UK. He previously held the Special Chair of Financial Services and Financial
Conglomerates at Erasmus University, Rotterdam, Netherlands, and was Visiting Professor at
Bocconi University, Milan, Italy. He has published a variety of texts on banking areas and
acted as a consultant to New York Federal Reserve Bank, the World Bank, the European
Commission, the UK Treasury, Citibank Private Bank, Bermuda Commercial Bank, McKinsey
& co, Credit Suisse and various other international banks and consulting firms.
STEPHEN VALDEZ is a retired financial trainer and consultant and is
the former Director of Profile Financial Training Plc. He formed Valdez Financial Training
in 1985 to provide simple introductory courses on financial markets. The courses were used
around the world by major banks, financial institutions, software houses and information
providers. The company was later sold to The Financial Training Co. Ltd. with Stephen
Valdez acting as consultant.
Table of Contents
1 The Debt Merry-Go-Round 3
2 Banking Background 15
3 The Role of the Central Bank 55
4 Commercial Banking 73
5 Investment Banking 111
6 The Money and Bond Markets 129
7 Stock Exchanges 185
8 Hedge Funds and Private Equity 235
9 Financial Crisis 263
10 Foreign Exchange 311
11 European Economic and Monetary Union 343
12 Traded Options 381
13 Financial Futures 401
14 Other Derivative Products 415
15 The New Tiger Economies: China and India 441
16 Key Trends 469
Glossary 479
Index 490
504 pages, Paperback