The London money market
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About This Book
London's domestic and international money markets have undergone considerable evolution in recent years and a number of complementary markets have arisen.
In this second edition the author explains the evolution and economic significance of the traditional money markets and covers in detail the working of the newer ones. The book analyses the impact of the new markets on the existing discount market and describes the difficulties arising from the Bank of England's new monetary regulations of 1971, an area little understood and scarcely documented. For a complete understanding the author sets out the changes in interest-rate structures that have occurred and describes the theoretical aspects of money markets and central banking.
In this second edition the author explains the evolution and economic significance of the traditional money markets and covers in detail the working of the newer ones. The book analyses the impact of the new markets on the existing discount market and describes the difficulties arising from the Bank of England's new monetary regulations of 1971, an area little understood and scarcely documented. For a complete understanding the author sets out the changes in interest-rate structures that have occurred and describes the theoretical aspects of money markets and central banking.
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