Market for the exchange of capital and credit in the economy. It is divided into money market and capital market. Note that Raymond Barre, in his seminal Economy politique, defines marché des capitaux as the overall market, equivalent to the English financial market, the marché monétaire as le marché des capitaux à court terme (= money market) and the marcIU financier as le marchi des capitaux à long tenne (= capital market). However, various Francophone authors differ on this issue and you will frequently see marché financier used for the English financial market and marché de(s) capitaux used for capital market. Note also that, while Barre uses marche des capitaux, many writers use marché de capitaux.