Brief History of Capital Market

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Hi Friends,

It is quite some time that, I have not blogged. I had gone through a learning cycle of life. I come across stock market dynamics and various market technologies for quite last three months.

I learned and start tracking market dynamics, market players, market health and strength and weakness of various market leaders across the globe. I would like to share some good links and fanastic article wrapping up last one decade market happenings in concise words.

I learned lot from INVESOPEDIA - One of the oldest and reliable source of online tutorial. I learned lot from this encylopedia for last three months.

I would like to share article from e-McKinsey on Leadership's role in Capital Market. Excerpt of same is given below. For Full article, please visit the e-Mckinsey Web site (You might need registration)..

Building world-class capital markets -

- Ralph Heidrich, Alan W. Morgan, and Gregory P. Wilson

The McKinsey Quarterly, Web exclusive, July 2005

How can a nation transform its capital market into a dynamic, wealth-creating engine for the economy or even into a financial hub?

Vital components for this effort include patient reputation building, high performance standards, a resilient infrastructure, and a robust regulatory framework. But in our experience, vision, political commitment, and, above all, leadership make the real difference between success and failure. Just as those factors frequently determine the outcome of a corporate change initiative, so national efforts to build or improve capital markets bear fruit only when someone, or perhaps a group of people, articulates the need for reform and implements a carefully structured program.

Too few countries, however, are capturing the value from this opportunity. We believe that many more of them can share in the wider economic benefits of a transformed capital market—if they can exhibit the sort of determined leadership underpinning current reform in nations as diverse as Singapore, Malaysia, and Saudi Arabia.

Please do drop a comment on your views as they are valuable to all of us.

---- Hitesh