This second edition of an already widely-used textbook presents an up-to-date analysis of the roles played by financial institutions and markets in the working of the UK economy.
The book assumes only a basic grounding in economics and will be widely recommended to students of macroeconomics, monetary economics and finance.
A. D. Bain is Visiting Professor in the Department of Political Economy at Glasgow University, and was previously Group Economic Advisor at Midland Bank for 6 years and a member of the Wilson Committee to review the functioning of Financial Institutions (1977-80).