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Review
“For the next 20 years, the most important feature of any financial market text will be its treatment of the worldwide financial crisis of 2007-2009. And in my view, the very best feature of Valdez and Molyneux is that readers can get to this material quickly—after just a handful of requisite chapters on the basics of markets and institutions—so that important financial market issues can be discussed in full light of this historic and nearly catastrophic financial episode. The details, the causes, and the near-term consequences of the crisis are all here, and they are presented, as is all of the material in this book, in friendly and highly readable fashion. I especially recommend this book to readers who want (need) a non-US-centric perspective on global financial markets and the fallout from a US-bred crisis.” —Robert DeYoung, Capitol Federal Chair in Financial Markets and Institutions, The University of Kansas
Praise for the 5th edition: About the Author
PROFESSOR PHILIP MOLYNEUX is Head of Bangor Business School, Professor in Banking and Finance and Director of the Institute of European Finance at Bangor University, UK. He previously held the Special Chair of Financial Services and Financial Conglomerates at Erasmus University, Rotterdam, Netherlands, and was Visiting Professor at Bocconi University, Milan, Italy. He has published a variety of texts on banking areas and acted as a consultant to New York Federal Reserve Bank, the World Bank, the European Commission, the UK Treasury, Citibank Private Bank, Bermuda Commercial Bank, McKinsey& co, Credit Suisse and various other international banks and consulting firms.
STEPHEN VALDEZ is a retired financial trainer and consultant and is the former Director of Profile Financial Training Plc. He formed Valdez Financial Training in 1985 to provide simple introductory courses on financial markets. The courses were used around the world by major banks, financial institutions, software houses and information providers. The company was later sold to The Financial Training Co. Ltd. with Stephen Valdez acting as consultant.
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