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Evaluating the relative strength of the U.S. capital markets

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  • Stavros Peristiani

Abstract

Concern is growing that the U.S. capital markets are losing market share to overseas competitors. A decline in foreign initial public offerings indeed suggests that the U.S. equity market is becoming less attractive to certain issuers. However, evidence on the competitiveness of the U.S. equity market is mixed, since the trends affecting it are likewise shaping equity markets abroad. A less ambiguous decline in the share of global issuance can be seen in the U.S. corporate bond market, which is facing a growing challenge from the Eurobond market.

Suggested Citation

  • Stavros Peristiani, 2007. "Evaluating the relative strength of the U.S. capital markets," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 13(Jul).
    • Handle: RePEc:fip:fednci:y:2007:i:jul:n:v.13no.6
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    Citations

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    Cited by:

    1. Richard Deitz & Andrew F. Haughwout & Charles Steindel, 2010. "The recession's impact on the state budgets of New York and New Jersey," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 16(Jun/Jul).
    2. Cetorelli, Nicola & Peristiani, Stavros, 2013. "Prestigious stock exchanges: A network analysis of international financial centers," Journal of Banking & Finance, Elsevier, vol. 37(5), pages 1543-1551.
    3. Nicola Cetorelli & Stavros Peristiani, 2015. "Firm Value and Cross Listings: The Impact of Stock Market Prestige," JRFM, MDPI, vol. 8(1), pages 1-31, March.

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