The last major barrier to a truly global capital market is crumbling. Decades after the emergence of an international marketplace for debt, equity financing is moving beyond national frontiers to link suppliers and users of share capital wherever they may be.
The Euro-equity market is still small, compared with the Euromarket in debt instruments and with many domestic equity markets. But, since 1983, it has been growing at a fast clip and, barring a stock market collapse, it seems destined to acquire an increasingly powerful momentum.
As of early October, $7.9
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