Thus, the other 131 developing economies in our data had a combined current account deficit, or net capital inflow, of $ billion. This is not to say that things have not changed for these 131 countries in the past decade: In 1996, their combined current account deficit was twice as large as it was last year.
Stock exchange listing is circumscribed to a few large firms. Considering non-financial corporations only, in 2012 Italy counted 230 listed firms, compared with about 700 in France and Germany. The median firm in Italy had a market capitalization of about € million, twice as much as in those two countries.