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How the Global Financial Markets Really Work

How the Global Financial Markets Really Work

The Definitive Guide to Understanding International Investment and Money Flows

Alexander Davidson

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How the Global Financial Markets Really Work is an in-depth examination of the factors that shape international money flows, and the cross-border influences that impact on every economy in the world.

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About the book

With EU legislation, the increasing reach of the US economy, greater flexibility of financial instruments, and M&A activity across borders, financial markets are becoming ever more international. Overshadowing them all is the spectre of the credit crunch - a global tsunami that stemmed originally from the subprime mortgage crisis in the US but quickly became a global issue, hitting both international money markets and high street lending.

How the Global Financial Markets Really Work brings clarity and sense to an often complex international environment, showing how circumstances in one country can have a dramatic effect on the financial environment 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, such as Hong Kong and Sydney, but will also offer insight to the unique issues facing emerging markets, including Eastern Europe, China, India and the United Arab Emirates.

Table Of Contents

    • Chapter - 00: Introduction;
    • Chapter - 01: A global village;
    • Chapter - 02: Commercial banks;
    • Chapter - 03: Specialist banking services;
    • Chapter - 04: Central banks;
    • Chapter - 05: Stock markets;
    • Chapter - 06: Money markets and bonds;
    • Chapter - 07: Investment banking;
    • Chapter - 08: Credit derivatives and asset-backed securities;
    • Chapter - 09: Insurance;
    • Chapter - 10: Financial services regulation;
    • Chapter - 11: Money laundering and fraud;
    • Chapter - 12: Corporate governance and accounting;
    • Chapter - 13: Foreign exchange;
    • Chapter - 14: Commodities;
    • Chapter - 15: Derivatives for retail investors;
    • Chapter - 16: Exchanges and trading systems;
    • Chapter - 17: Clearing and settlement;
    • Chapter - 18: Emerging markets;
    • Chapter - 19: Pooled investments;
    • Chapter - 20: Forecasters, persuaders and commentators;
    • Chapter - 21: Personal finance


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

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

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

Book Details

  • EAN: 9780749453930
  • Edition: 1
  • Published: 3rd July 2009
  • Paperback
  • Format: 234x156
  • 320 pages

About the Author

Alexander Davidson is a leading financial journalist, and a senior editor at Complinet. He is the author of How the City Really Works , The Complete Guide to Online Stock Market Investing and How to Understand the Financial Pages, all published by Kogan Page.

Alexander Davidson

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