New! Chapter 12 Financial Market Failure and Financial Crisis puts forward arguments concerning for example,  the ability of small firms to borrow, the problems of financial exclusion and inadequate long-term saving and the tendency in financial markets to bubbles and crashes.

New! Thoroughly updated to include new figures and recent legislative and regulatory changes.

Provides a comprehensive coverage of the workings of financial markets.

Contains sufficient theory to enable students to make sense of current events.

Up-to-date coverage of the role of central banks and the regulation of financial systems.

Focuses on UK and European financial activity, context and constraints.

Offers a wealth of statistical information to illustrate and support the text.

Extensive pedagogy includes revised boxes, illustrations, keywords/concepts, discussion questions, chapter openers, chapter summaries and numerous worked examples.

Frequent use of material from the Financial Times.

Regularly maintained and updated Companion Website containing valuable teaching and learning material.