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The Industrial Organization and Regulation of the Securities Industry
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Edited by:
Andrew W. Lo
Language:
English
Published/Copyright:
1995
About this book
The regulation of financial markets has for years been the domain of lawyers, legislators, and lobbyists. In this unique volume, experts in industrial organization, finance, and law, as well as members of regulatory agencies and the securities industry, examine the securities industry from an economic viewpoint.
Ten original essays address topics including electronic trading and the "virtual"stock exchange; trading costs and liquidity on the London and Tokyo Stock Exchanges and in the German and Japanese government bond markets; international coordination among regulatory agencies; and the impact of changing margin requirements on stock prices, volatility, and liquidity.
This clear presentation of groundbreaking research will appeal to economists, lawyers, and legislators who seek a refreshingly new perspective on policy issues in the securities industry.
Ten original essays address topics including electronic trading and the "virtual"stock exchange; trading costs and liquidity on the London and Tokyo Stock Exchanges and in the German and Japanese government bond markets; international coordination among regulatory agencies; and the impact of changing margin requirements on stock prices, volatility, and liquidity.
This clear presentation of groundbreaking research will appeal to economists, lawyers, and legislators who seek a refreshingly new perspective on policy issues in the securities industry.
Topics
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Andrew W. Lo Requires Authentication Unlicensed Licensed |
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Harold C. Messenheimer, Corinne Bronfrnan and William P. Albrecht Requires Authentication Unlicensed Licensed |
9 |
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Robert L. McDonald and Kathleen Hagerty Requires Authentication Unlicensed Licensed |
35 |
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Robert A. Wood and Thomas H. McInish Requires Authentication Unlicensed Licensed |
63 |
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Ian Domowitz Requires Authentication Unlicensed Licensed |
93 |
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Ingrid M. Werner and Peter C. Reiss Requires Authentication Unlicensed Licensed |
125 |
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David Reiffen and Robert Neal Requires Authentication Unlicensed Licensed |
177 |
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Lawrence J. White Requires Authentication Unlicensed Licensed |
207 |
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Kenneth J. Singleton Requires Authentication Unlicensed Licensed |
243 |
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David M. Modest and Bruce N. Lehmann Requires Authentication Unlicensed Licensed |
275 |
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K. S. Maurice Tse and Stephen W. Pruitt Requires Authentication Unlicensed Licensed |
317 |
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359 |
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363 |
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Publishing information
Pages and Images/Illustrations in book
eBook published on:
April 15, 2008
eBook ISBN:
9780226488493
Pages and Images/Illustrations in book
Main content:
386
Other:
51 line drawings, 44 tables
eBook ISBN:
9780226488493
Keywords for this book
liquidity; volatility; stock prices; margin requirements; regulatory agencies; regulation; government; control; capitalism; international; bond markets; germany; japan; exchange; tokyo; london; trading costs; securities industry; law; finance; industrial organization; market fragmentation; brokerage; competition; automated systems; price discovery; integration; nonfiction; economics; cash; futures
Audience(s) for this book
Professional and scholarly;