The Money Market is the one book which should be read and reread by everyone in the financial, business and investment world.

The book describes in detail the operations of money markets banks and of money dealers and brokers. It also describes the principles according to which a liquidity potfolio should be run and contrasts them with the way in which most such potfolios are in fact managed. With this background established, the book turns to the individual markets that comprise the money market. It describes for each such market the instrument traded, the risks, liquidity and return offered, and how the market is made by dealers, brokers, and investors.