UK Financial Institutions and Markets

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This important new text provides a broad framework for understanding the UK Financial System within which the major financial institutions and markets are described and analysed. The emphasis is on the institutions and markets as dynamic entities which react to their environment, the major elements of which are market structure, competition and regulation. The text is completely up to date and devotes discussion to recent developments including the approach to 1992 and European harmonisation, the problems of financial conglomeration, insider dealing, market efficiency and financial innovation.

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