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Book Reviews:
Guide to Financial Marketsby Marc Levinson(Economist Books / Bloomberg Press) 
 Canada Residents:Hardcover UK Residents: Hardcover Financial markets have been around ever since people started trading crops with each other. They take many different forms and operate in many different ways. But all of them, whether highly organized, like the New York Stock Exchange, or highly informal, like money-changers in Africa, serve the same basic functions, which range from providing a way of setting prices and valuing assets, through raising capital or investing it, to managing exposure to risk. Today's financial markets play a hugely important role in the modern economy. And the introduction of the single euro-currency makes this book especially relevant. Electronic trading has led to exponential year-by-year growth in trading on the money and foreign exchange markets. Stock markets have bubbled and burst, proving that their performance can never be taken for granted. This book provides a brilliantly clear guide to this complex world that even those who work in it often find hard to understand. What is meant when people refer to Wall Street or the bond market? What is the meaning attached to the phrase the currency market? With chapters on the markets that deal in money, foreign exchange, equities, bonds, commodities, financial futures, options and other derivatives, the Guide of Financial Markets looks at why these markets exist, how they work and who trades in them. It also gives a run-down of the factors that affect prices and rates. It is the definitive guide to why different financial markets exist and how they operate. -Lucas Everidge Edition: Hardcover, 256 pages (April, 2003)
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