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Books : The Money Changers: A Guided Tour Through Global Currency Markets

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Binding: Paperback
Dewey Decimal Number: 332.45
EAN: 9781842776957
ISBN: 1842776959
Label: Zed Books
Manufacturer: Zed Books
Number Of Items: 1
Number Of Pages: 256
Publication Date: July 11, 2006
Publisher: Zed Books
Sales Rank: 700584
Studio: Zed Books




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Editorial Review:

Product Description:
Currency markets, worth almost $2 trillion per day in trade, link the world together. Yet few people know how they work and why they are prone to instability and bouts of panic. This book, neither a technical manual nor a get-rich-quick tract, takes the reader on a guided tour of the places, the machines, the circuitry and the people involved in moving the world’s money. From the simple to the complex, currency traders, market analysts, money managers and payments systems architects show their workplaces and reveal their day-to-day experiences. The book will give the reader a graphic picture of the geographical and structural organization of global currency markets and the people who operate them. The tour through the volatile and rapidly evolving world of the money changers provides a basic orientation for deciphering complex causes of yet unforeseen financial events.




Customer Reviews
Average Rating:  out of 5 stars

Rating: 1 out of 5 stars - Target audience for this book must very tiny
A professor has gone around interviewing currency traders and decides to write a popular book about the subject from an ethnographic standpoint. The target audience is neither academics nor traders. I would describe the target audience as laypersons wanting to learn about the foreign exchange markets, but that are not interested in trading themselves. This must be a tiny, tiny target audience



Rating: 5 out of 5 stars - A fun read to fill in background understanding
This was a very enjoyable quick book to read about the internal workings of the foreign currency exchange markets. It is not intended for FX daytraders, but traders should find it interesting. It is not intended for academics, but a grad student in a related field will likely find it to be at just the right level of abstraction (not too deep in the weeds and not too superficial). It is mainly written in the form of polished-up interviews, and the author does a great job of breathing life into ... Read More



Rating: 5 out of 5 stars - Sophisticated economics; great reading.
Robert G. Williams is a broad thinker and a very fine writer. While his books are tightly focused on political economics, they move gracefully through other diverse realms. Religion, anthropology, the arts, literature, communications technology are only a few of the subjects he walks around in. Like Michael Pollan (The Carnivore's Dilemma), he sees large organizing principles at work in things that are familiar to us all. Like John McPhee, he has an eye for character, and a talent for describing ... Read More



Rating: 5 out of 5 stars - Highly recommended. General readers; all levels of undergraduates. --- IngoWalter, March 2007, Choice
The full review in March 2007, CHOICE, written by Ingo Walter, an eminent scholar in the field of international finance, was helpful to me. Here are some excerpts:
"This is a nontechnical exploration into the mechanics of the foreign exchange market, which Williams (Guilford College) nicely motivates by starting with an ordinary retail transaction--an ATM withdrawal of local currency in a foreign country--and tracing it through the wholesale foreign exchange markets to show what actually ... Read More



Rating: 5 out of 5 stars - A fine introduction to currency markets for students and the interested general reader
Robert G. Williams has written an entertaining and informative book about how the world currency markets work. He starts with a story about a summer trip he and some students took to Europe and the impact the fluctuations in the local currency against the dollar impacted their budget for the trip and how he was able to manage that best through smarter currency exchange.

The rest of the book has him taking us through the different aspects of currency trade, the size of the market, ... Read More



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