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Book Reviews:

Wall Street: A Guide to the Mechanisms, Institutions and Players

(Economist Books / Bloomberg Press)


Canada Residents:
Hardcover
UK Residents:
Hardcover

Wall Street is the world's leading financial centre. What it does and how it fares has a huge impact on the American economy and also on that of the rest of the world. But what exactly is Wall Street? How has it developed? What does it do? How does it work? Who works in it? And who watches over it?

This book provides an authoritative but accessible guide to what happens on Wall Street, how it works, who does what, and why it matters. It provides an overview of the scope and significance of the Wall Street financial services industry, identifying key macro-level developments and significant trends. At the micro-level, the book surveys the principal markets, activities and institutions (including individual profiles of the leading firms). The book also examines the future of Wall Street following the September 11 attack, concluding that it will continue to be a powerhouse of the US and global economies. There is also a guide to the district's leading landmarks accompanied by a map.

Wall Street's colorful history is outlined, together with an examination of the crisis that followed the collapse in the technology boom and the attacks on the World Trade Center. In short, it provides a complete overview of Wall Street's workings and its importance

The book's author, Richard Roberts, is a Reader at the University of Sussex. He specializes in financial markets and centers, and is the author of numerous books and articles about international finance. His book, Take Your Partners: Orion, the Consortium Banks and the Transformation of the Euromarkets, is about the 30th anniversary of the British Orion Bank.

-Lucas Everidge

Edition: Hardcover, 288 pages (April, 2003)