Evaluating the Relative Strength of the U.S. Capital Markets

7 Pages Posted: 1 Aug 2007

See all articles by Stavros Peristiani

Stavros Peristiani

Federal Reserve Bank of New York--Retired

Abstract

Concern is growing that the U.S. capital markets are losing market share to overseas competitors. A decline in foreign initial public offerings indeed suggests that the U.S. equity market is becoming less attractive to certain issuers. However, evidence on the competitiveness of the U.S. equity market is mixed, since the trends affecting it are likewise shaping equity markets abroad. A less ambiguous decline in the share of global issuance can be seen in the U.S. corporate bond market, which is facing a growing challenge from the Eurobond market.

Keywords: initial public offerings, stock listings, secondary equity trading, U.S. bond market, Eurobond market

JEL Classification: G3, G15

Suggested Citation

Peristiani, Stavros, Evaluating the Relative Strength of the U.S. Capital Markets. Current Issues in Economics and Finance, Vol. 13, No. 6, July 2007, Available at SSRN: https://ssrn.com/abstract=1003810

Stavros Peristiani (Contact Author)

Federal Reserve Bank of New York--Retired ( email )

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