Wall Street: The Markets, Mechanisms and Players

By Richard Roberts

Book Overview

This book provides an authoritative but accessible guide to what happens on Wall Street, how it works, who does what, and why it matters. It provides an overview of the scope and significance of the Wall Street financial services industry, identifying key macro-level developments and significant trends. At the micro-level, the book surveys the principal markets, activities and institutions (including individual profiles of the leading firms). The book also examines the future of Wall Street following the September 11 attack, concluding that it will continue to be a powerhouse of the US and global economies. Wall Street's long and colourful history is outlined, including succinct sketches of key events and personalities. There is also a guide to the district's leading landmarks accompanied by a map.

• Format: Hardcover
• Language: English
• ISBN: 1861974647
• ISBN13: 9781861974648
• Release Date: April 2003
• Publisher: Bloomberg Press
• Length: 280 Pages
• Weight: 1.05 lbs.
• Dimensions: 1.1" x 5.7" x 8.6"

Customer Reviews

Thorough intro to U.S. financial industry

Investors invariably greet each new Wall Street scandal with shock and dismay. But scholar and author Richard Roberts reminds readers that fraud is nothing new in the U.S. financial industry. Tracking miscreants from Charles Ponzi to Enron, Roberts succinctly outlines scams that have separated investors from their money. His overview of Wall Street fraud is the most compelling part of this book, which is mostly a textbook-style primer that outlines the structure of Wall Street. Overall, Roberts focuses on describing Wall Street's various stages of development, sectors and markets, perhaps with too little narrative thread or fresh analysis. getAbstract recommends this as a thorough introduction to U.S. financial industry that offers some insight into its scandals.