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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