Economies and financial systems are constantly changing in small increments that lead to large transitions. Just as vast farmlands transformed into shopping malls by the 1950s, altering the way we buy products, online retailers once again changed that paradigm in the twenty-first century. The Great Recession only lasted two years, but the global economies are still dealing with the effects. The Capital Markets examines the deep and wide-reaching transition global capital markets are undergoing right now and looks at the possibilities of what’s to come over the next several decades.

This first-of-its-kind guide to the global capital markets takes a macro view of the entire marketplace to analyze how financial products operated in the past and how they operate today. Under the editorial leadership of thought leaders from BNY Mellon Capital Markets, including capital markets expert and former president Gary Strumeyer, a diverse and highly knowledgeable collection of contributors share their expertise in such areas as fixed income and equity markets, underwriting, securitizations, derivatives, currencies, and much more. Professionals with decades of practice under their belts as well as individual investors can gain and reaffirm their understanding of market fundamentals and follow through to grasp the complex dynamics shaping the way those supplying capital are matched with those in need of capital. This authoritative book is a hands-on reference and includes:

• Discussion of how regulations will change both domestically and around the world
• Detailed examinations of the multitude of products in the capital markets and the underlying infrastructure
• Up-to-date reviews of the tools used for trading and managing risk, including the latest new product innovations

Prepare yourself for the unprecedented change taking place with the extraordinary perspectives in The Capital Markets.