Financial and Capital Markets Today

Abstract

Financial market is a market where financial instruments are exchanged or traded andhelps in determining the prices of the assets that are traded in and is also called the pricediscovery process.  Thefinancial market development is one of the key drivers ofeconomic growth in developed and developing countries.

The empirical evidence suggests that the development of stock markets in China, USA, United Kingdom, Japan andHong Kong have independently a strongly positive correlation with their economic growth. The result brings out the stock market in present days and its types include capital and money markets. And trading instruments, institutions of capital and money market.