The financial crisis that stemmed from subprime mortgage lending in the US has ensnared markets around the world. How is it that lending practices in Florida or California can wreak havoc in Asia or Europe? How the Global Financial Markets Really Work brings clarity and sense to an often complex international financial environment, showing how circumstances in one country can have a dramatic effect in many others. The book examines financial markets as they are today - global and, for better or worse, interlinked and inter-dependent. It covers the markets of the US and Europe, as well as other key financial centres around the world, but will also offer insight to the unique issues facing emerging markets, including Eastern Europe, China, India, Africa and the Middle East.