London Financial Markets

This is a topical course on financial markets in London.  This course will consist of three components:  financial market structures, central banking, and financial centers all with a focus on London.  For the first section, we will compare financial structures in the U.S. to those in London and other parts of Europe.  Specifically, this class will start with an examination of the three major trading mechanisms used in the U.S., then examine the London Stock Exchange which relies on an electronic trading system called SETS (Stock Exchange Trading Service) and lastly analyze the Euronext system (formed by a merger of the Paris, Amsterdam and Brussels exchanges).  In the second section of the course, we will examine the role of the Bank of England and the European Central Bank in the global markets.  Finally we will look at the history, growth and future prospects of the city of London in terms of its role as a global financial center.  Class visits and tours of institutions such as the Bank of England, Lloyds of London and the Stock Exchange will enhance the student experience and a required text will be The Money Machine: How the City Works which focuses on London as a financial center and the British financial system.