摘要
and banks and is usually arranged by issuing houses and merchant banks. Stock exchanges are also part of the capital market in that they provide a market for the shares and loan stocks that represent the capital once it has been raised. It is the presence and sophistication of their capital markets that distinguishes the industrial countries from the developing countries,in both developed and developing countries over the past decade. And also capital markets are in fact winning the present and seem likely to dominate the future of corporate finance in developed and developing countries alike.a. The Stable Role of Commercial Banking in Modern Economies Ordinary "relationship banking" appears to be (at best) holding its own as a source of corporate financing around the world,Section 1 shows why has the global capital market grown so rapidly in recent decades. Section 2 talks about the continuance of the growth throughout the 2000s.Body1. Why has the global capital market grown so rapidly in recent decadesIn recent decades
出版日期
2009年08月10日（中国期刊网平台首次上网日期，不代表论文的发表时间）
