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.
Examining the role of capital markets in the economy
Viewpoint of users of capitalDavid Hirschmann President and CEO - Center for Capital Markets Competitiveness, U.S. Chamber of Commerce
Viewpoint of investors
Viewpoint of regulatorsKathleen Weiss Hanley Visiting Associate Professor - Center for Financial Policy, Robert H. Smith School of Business, University of MarylandGregg E. Berman, Ph.D. Associate Director - Office of Analytics and Research, Division of Trading and Markets, U.S. Securities and Exchange Commission