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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.