Shorouk Express
BAKU, Azerbaijan, May 23. The total volume of
global capital markets has increased significantly over the past
decade, currently exceeding $300 trillion, the Executive Director
of the Central Bank of Azerbaijan Tarlan Rasulov said at the
Financial Investment Forum held in Baku today, Trend reports.
He mentioned that over the past 14 years, this figure grew by
nearly 65 percent.
“If we look at the segments of the market, the global stock
market, which makes up about one-third of this market, currently
has a volume of around $105–110 trillion. The growth dynamics here
correspond to the overall increase in capital markets.
Another interesting indicator is the ratio of capital markets to
the world’s gross domestic product (GDP). For example, 10 years
ago, the volume of capital markets was 2.3 times greater than the
global GDP, whereas now this figure has reached approximately 2.9
times. This fact further proves the growing role of capital markets
in the global economy.
Summarizing these processes occurring in capital markets, it is
especially important to emphasize that financing through equity
capital increases corporate resilience. We observed this both
during the global financial crisis and the COVID-19 pandemic
period. During that time, companies worldwide were able to raise an
additional 2.1 trillion dollars in equity capital, which was a
crucial factor facilitating access to alternative sources of
finance during the crisis.
The use of corporate bonds as a means of raising capital is
another development. For instance, in 2024, the yearly issuance of
corporate bonds reached $2.4 trillion, up from an average of $1.3
trillion in 2014. Especially during the pandemic in 2020, the
issuance of corporate bonds peaked. The main reasons for this
growth include global-scale stimulus measures and the lowering of
interest rates as fundamental factors,” the official added.
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