Includes bibliographical references (pages 433-434) and index.
Introduction. The debt merry-go-round -- Banking. Banking background -- The role of the central bank -- Commercial banking -- Investment banking -- Securities markets. The money and bond markets -- Stock exchanges -- Hedge funds and private equity -- Foreign exchange and international trade. Foreign exchange -- Trade finance -- European economic and monetary union -- Derivative Products. Traded options -- Financial futures -- Other derivative products -- Insurance -- The new tiger economies-China and India -- Trends in the global financial markets