Capital markets: From cottage industry to powerhouse
When the newspapers of the day refused to publish prices from the new international bond market growing up at the end of the 1960s, Euromoney was founded to report on the business. The rise of international capital markets since has been astonishing, a driver of growth and development across the world but also a source of periodic crises. Euromoney has reported on market failures and resurgences, on great deals and disasters, and on pioneers and villains. Now, as markets still struggle to cope with the aftermath of 2008, we look forward with hope and anxiety to what might come next.