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This substantially revised new edition of an introductory text is a source of reference and information about the present financial system in England. The book has been updated to include more information on non-money assets, the sectoral ownership of financial wealth (including the rise ofthe private investor), and the effects of technological change and innovation. New material on the development of the financial markets since the "Big Bang" covers the increased variety of financial instruments, and the implications of deregulation.
This text investigates the structural evolution and functional mechanics of the English financial system within a modern economic framework. Author I. Partington provides a comprehensive analysis of the banking sector, utilizing historical data and institutional observation to explain how deregulation and technological innovation have reshaped wealth management and market participation. The work serves as an introductory guide for understanding the complex interplay between financial instruments and sectoral ownership.
What You Will Find
Experts and students recognize this text as a foundational resource for understanding the specific regulatory and market shifts within the English banking sector. Readers frequently note the clarity of the prose in explaining complex financial instruments and the historical context of market deregulation.
Page Count:
536
Publication Date:
1990-05-17
Publisher:
Oxford University Press
ISBN-10:
0198283296
ISBN-13:
9780198283294
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