Product Description

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 is it we need the Money Machine – and what happens when it crashes? Coggan provides clear and concise answers and shows why we should all be more familiar with a system we so intimately depend upon.

Product Details

• Amazon Sales Rank: #9834 in Books
• Published on: 2009-07-02
• Original language: English
• Binding: Paperback
• 240 pages

FINANCIAL TIMES
If you are looking for an immediately practical book, then the best basic guide continues to be THE MONEY MACHINE.

LONDON REVIEW OF BOOKS, John Lanchester
Philip Coggan's excellent primer on the City.

About the Author
Philip Coggan has been a journalist for the Financial Times since 1986, including spells as a Lex columnist, personal finance editor and economics correspondent.

Customer Reviews

Excellent insight into the growth of the City of London
This book is a must for anyone new to financial markets, and particularly to the City of London.
It describes the history of finance in the City and how the different markets came about, what they're about, and how government policy shaped the competitive and busy financial centre that it is now.
This book isn't an in-depth study of the markets, and its easy style will appeal to anyone wishing to gain an insight into what makes the City tick.
I read this book 3 years after I started working in financial IT, and I wished I'd read it much sooner.
Buy it for your train journey.

Excellent
An excellent book. Most people hear loads of finacial terms every day, but don't really know what they mean. They maybe semi understand.

It is not at all hard to learn the basics of economics. It's a subject where if you can grasp about say, 7 rules, then you can figure out what's going on with all the others without bothering too much.

This book concentrates on expressing these rules with simple examples in plain english, which is all you need to understand a great deal of financial jargon.

Buy this book and be a veritable fountain of knowledge for the rest of your life!

Nobody tells it like Philip Coggan...
Years of experience writing for the FT definitely makes Philip Coggan an authoritative voice on the way the city works...

A great overview of the London market, and the development of the various different financial and investment instruments/products that exist within the city.

A recommended read for anybody seeking to extend their knowledge of the London financial market.