The City: A Guide to London's Global Financial Centre (The Economist Series)

Book DescriptionThe City, London's financial district, is one of the big three global financial centers; its economic importance stretches far beyond Britain. This book provides comprehensive coverage of what goes on in the City and its evolution as the leading financial center in Europe. Individual chapters focus on the City's financial markets and institutions?from the bond and money markets and securities industry to the Bank of England and the Financial Services Authority. Other chapters review its historical development and the scandals that have dogged its reputation. Finally, the book looks at the outlook for the City and the challenges it faces?the current downturn, threats from Wall Street and Tokyo, and what difference the euro is making and will make. It's a fascinating overview of a vastly important nerve center of the global markets.