PERFECTLY COMPETITIVE FINANCIAL MARKETS


Meaning of PERFECTLY COMPETITIVE FINANCIAL MARKETS in English

Markets in which no trader has the power to change the price of goods or services. Perfect capital markets are characterized by the following conditions: 1) trading is costless, and access to the financial markets is free, 2)information about borrowing and lending opportunities is freely available, 3 there are many traders, and no single trader can have a significant impact on market prices .

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.