...an unpretentious survey of capital markets in the UK with a number of references to other economies. It is very readable, concise yet comprehensive, and will serve the needs of introductory finance and banking students at the undergraduate levels, as well as those studying for an MBA who are not specialising in finace.' Times Higher Education Supplement In the past 25 years the world's major capital markets have been fundamentally transformed. In recent years the pace of change has shown no sign of slackening. This book examines the major changes which have taken place in the globalisation and de-regulation of capital markets. In a clear and accessible style the author provides a much needed critical introduction to equity markets, bond markets, markets for derivatives, institutional investors and regulating markets.