Traditionally, this has referred to the market for trading long-term debt instruments (those that mature in more than one year). That is, the market where capital is raised. More recently, capital markets is used in a more general context to refer to the market for stocks, bonds, derivatives and other investments.
Nearby TermsCapital lease Capital loss Capital market Capital market efficiency Capital market imperfections view
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University