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Past Event

Examining the role of capital markets in the economy

Past Event

Examining the role of capital markets in the economy

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

Paul Atkins’ remarks (PDF)


Introductory remarks and background on capital markets

Viewpoint of users of capital


David Hirschmann

President and CEO - Center for Capital Markets Competitiveness, U.S. Chamber of Commerce


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

Viewpoint of regulators


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

More Information

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