• Jack Revell


We have already seen the important part which the development of markets for financial claims plays in the evolution of a financial system, and in this chapter we look at the functions and organisation of certain markets. Because our main concern is with financial institutions we can be brief. Money markets are so intimately concerned with the banking system that we shall look at them in detail in the chapters devoted to banks of various kinds. After some introductory remarks we go on to look at the domestic capital market in all its various aspects and briefly at the international capital market.


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Further Reading

  1. J. D. Hamilton, Stockbroking Today (London: Macmillan, 1968).CrossRefGoogle Scholar
  2. R. J. Briston, The Stock Exchange and Investment Analysis (London: George Allen & Unwin, 1970).Google Scholar
  3. A. J. Merrett, M. Howe & G. D. Newbould, Equity Issues and the London Capital Market (London: Longmans, 1967).Google Scholar
  4. K. Midgley & R. G. Burns, Business Finance and the Capital Market (London: Macmillan, 1969).CrossRefGoogle Scholar
  5. P. Einzig, The Euro-Bond Market (London: Macmillan, 1969).Google Scholar
  6. J. Chown & R. Valentine, The International Bond Market in the 1960s (London: Pall Mall, 1969).Google Scholar
  7. On the debt management policy of the authorities over recent years the best short source is ‘Official transactions in the gilt-edged market’, Bank of England Quarterly Bulletin (June 1966). A more thorough survey of the topic would need to take in the written and oral evidence of the Bank of England and H.M. Treasury to the Radcliffe Committee. The change in policy associated with the new arrangements for credit control is referred to in the various documents and speeches in the June, September and December 1971 issues of the Bank of England Quarterly Bulletin.Google Scholar

Copyright information

© Jack Revell 1973

Authors and Affiliations

  • Jack Revell

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