Substantially revised and updated, this fourth edition presents a comprehensive explanation of the workings of the institutions and markets which make up the UK financial system, and discusses the issues affecting them. It presents key theoretical developments such as asymmetric information, the efficient markets hypothesis, behavioral economics and the term structure of interest rates, thus providing an analytical framework to aid understanding of the institutional structure. Several case studies are provided throughout the book looking at the failure of various financial firms and the lessons that can be learned from these. Examples include Equitable Life, Barings Bank, the Bank of International Credit and Commerce (BCCI) and Long Term Capital Management.8.3 The primary market for private sector securities New issues of private sector securities, which include ordinary shares, ... Companies that want access to the stock market but do not meet the requirements for an official listing can join the Alternative Investment Market (AIM), which opened on 19 ... The applicant will also be required to find a minimum of one market maker prepared to deal in its shares.
|Title||:||The UK Financial System|
|Author||:||Michael J. Buckle, Mike Buckle, John Thompson|
|Publisher||:||Manchester University Press - 2004|