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CHAPTER 4 - The Financial System > CLASSIFICATION OF FINANCIAL MARKETS

CLASSIFICATION OF FINANCIAL MARKETS

Earlier we provided the general role of financial markets in a financial system. In this section, we will the many ways to classify financial markets.

Classification of a Country’s Financial Markets

From the perspective of a given country, its financial market can be broken down into an internal market and an external market.
The internal market, which is also referred to as the national market, is made up of two parts: the domestic market and the foreign market. The domestic market is where issuers domiciled in the country issue securities and where those securities are subsequently traded. For example, from the perspective of the United States, securities issued by General Motors, a U.S. corporation, trade in the domestic market.

  

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