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The Money Machine: How the City Works [9780141980737]

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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.


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.
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SKU:
9780141980737
ISBN13:
9780141980737
Availability:
Delivery usually in 2-6 working days.
Author:
Philip Coggan
Publisher:
Penguin Books Ltd
Publication:
26-Feb-2015
Format:
Paperback
Pages:
240
Weight:
180 Grams
  • 5
    A brilliant introduction to the money markets

    Posted by Robby G on 23rd Apr 2017

    CDOs, interest rates, GDP, building societies, the subprime crisis, hedge funds, equity - the world of money is a complicated place. Fortunately, Philip Coogan is here to help with this succinct and wonderfully basic, yet detailed, account of what happens in the City of London. Just as importantly it shows how the money markets affect us all - and why.

    He explains why money is so important and that it’s more than just coins or notes: first, it is a measure of value (the amount you pay for something can be easily compared to something else); secondly, it is a store of value (it can be saved until needed); and, lastly, it is a means of exchange (it’s how we pay for things).

    There are many books about finance - and especially the 2008-9 crisis, but this is an excellent introduction to the subject as a whole.

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