The UK Financial System. Theory and Practice

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"Substantially revised and updated, this third edition of The UK financial system presents a comprehensive explanation of the workings of the financial system in the United Kingdom. It contains full details of the main financial markets and institutions as well as presenting some key theoretical developments such as asymmetric information, the efficient markets hypothesis and the term structure of interest rates, thus providing an analytical framework to aid understanding of the institutional structure." "The book is aimed at undergraduate students in finance, economics and business studies, and anyone interested in gaining an understanding of the UK financial system."--BOOK JACKET