UK Financial System: Theory and Practice

by John L. Thompson (Author), M. Buckle (Author)

• Used

  Paperback
  1995

  $4.34

  A comprehensive explanation of the way in which the financial system of the United Kingdom works, and discussion of issues raised by extensive changes to the system. This text provides both the institutional structure and the economic theory behind the financial systems. The 17 chapters each take one aspect of financial systems as its theme and then provides, through sub-sections, a comprehensive analysis of the various concerns of that area. Opening chapters provide an introduction to financial systems and a consideration of flow of funds accounting. Other chapters cover financial institutions; financial markets, including the equity and bond markets, the sterling and Euro-security markets, foreign exchange and financial futures markets; management of risk; the single European Market; efficiency of the United Kingdom financial system; and prudential regulation.

• Used

  Paperback
  1998

  $3.25

  Presenting an explanation of the workings of the financial system of the United Kingdom, this text contains details of the main financial markets and institutions. It presents 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. Changes in the late 1990s in the UK financial system which are covered include: the new framework for prudential regulation of the financial system with the introduction of the super-regulator and the Financial Services Authority; the framework for the operation of monetary policy including an independant Bank of England and the gilt repo market; the electronic order book for trading FTSE 100 shares on the London Stock Exchange and developments in the banking sector.