May 1995 The three most developed stock markets are in Japan, the United Kingdom, and the United States, and the most underdeveloped markets are in Colombia, Ni

The relationship between the development of stock markets and the functioning of financial intermediaries may be complementary.

Financial intermediation is currently a subject of active research on both sides of the Atlantic. The integration of European financial markets, in particular,

Thoroughly updated, this new sixth edition of Financial Institutions and Markets focuses on Australiaa s financial system, while retaining the structure of the