"An Introduction to Global Financial Markets" provides an introduction to the world's principal financial markets and institutions. Its scope is comprehensive. A glossary of financial terms and a survey of key future trends is also included. Known as "Introduction to Western Financial Markets" in its previous edition, the book has been extensively revised with new coverage of: European Union developments: recent bank mergers and alliances; the Lloyd's recovery plan; derivatives after Nick Leeson; and general trends and issues; and useful minor topics such as credit unions, asset backed securities, repos, coupon stripping, GDR's, bought deals, share buy backs and scrip dividends.