Examining the role of capital markets in the economy
Past Event
Examining the role of capital markets in the economy
Examining the role of capital markets in the economy

Introductory remarks and background on capital markets

Viewpoint of users of capital
Capital markets are the largest source of financing for the U.S. economy, supplying over $8 trillion in corporate debt and trillions more in mortgage funding. They also provide investment opportunities for families, both directly and through mutual funds, 401(k)’s, and pension funds. Further, capital markets affect the health and profitability of banks, insurers, and other financial institutions. Despite these important functions, capital markets are often poorly understood.
On April 29, the Initiative on Business and Public Policy at Brookings explored the economic role of capital markets. The event began with a background presentation on the nature of capital markets followed by three panels of experts presenting perspectives from securities issuers, investors, and regulators.
Event Materials
Agenda
Introductory remarks and background on capital markets
Viewpoint of users of capital
Martin Neil Baily
Senior Fellow Emeritus - Economic Studies, Center on Regulation and Markets
David Hirschmann
President and CEO - Center for Capital Markets Competitiveness, U.S. Chamber of Commerce
James J. Angel
Associate Professor - Georgetown University
Huw Richards
Co-Head of Global Investment Grade Finance - J.P. Morgan Chase
Viewpoint of investors
David Blass
General Counsel - Investment Company Institute
Robert Tipp
Chief Investment Strategist and Managing Director - Prudential Fixed Income
Eric Bendickson
Co-Chief Investment Officer - Strategic Investment Group
Viewpoint of regulators
Martin Neil Baily
Senior Fellow Emeritus - Economic Studies, Center on Regulation and Markets
Kathleen Weiss Hanley
Visiting Associate Professor - Center for Financial Policy, Robert H. Smith School of Business, University of Maryland
Gregg E. Berman, Ph.D.
Associate Director - Office of Analytics and Research, Division of Trading and Markets, U.S. Securities and Exchange Commission
Paul Atkins
Chief Executive Officer - Patomak Global Partners, LLC
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