The Industrial Organization And Regulation Of The Securities Industry PDF Download
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Author | : Andrew W. Lo |
Publisher | : University of Chicago Press |
Total Pages | : 390 |
Release | : 2008-04-15 |
Genre | : Business & Economics |
ISBN | : 0226488497 |
Download The Industrial Organization and Regulation of the Securities Industry Book in PDF, ePub and Kindle
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.
Author | : John O. Matthews |
Publisher | : Oxford University Press |
Total Pages | : 286 |
Release | : 1994-03-03 |
Genre | : Business & Economics |
ISBN | : 0195364147 |
Download Struggle and Survival on Wall Street Book in PDF, ePub and Kindle
U.S. securities firms are the most competitive in the world and are now facing challenges posed by the internationalization of securities markets. Struggle and Survival on Wall Street provides a comprehensive economic analysis of competition among securities firms. John Matthews analyzes the interaction of the industry's structure, conduct and performance. To meet the competition and the needs of their customers, he argues, firms develop new financial products, some of which become new lines of business. The most important decisions firms make concern the methods of entry into these lines of business. Those firms that successfully innovate and adapt their organizations are in the best position to deal with both domestic and international competition. The regulatory framework of the industry is vital to its growth and Matthews makes policy recommendations which urge regulators, particularly the Securities and Exchange Commission, to provide for a framework in which organizational change can take place.
Author | : Nancy L. Rose |
Publisher | : University of Chicago Press |
Total Pages | : 619 |
Release | : 2014-08-29 |
Genre | : Business & Economics |
ISBN | : 022613816X |
Download Economic Regulation and Its Reform Book in PDF, ePub and Kindle
The past thirty years have witnessed a transformation of government economic intervention in broad segments of industry throughout the world. Many industries historically subject to economic price and entry controls have been largely deregulated, including natural gas, trucking, airlines, and commercial banking. However, recent concerns about market power in restructured electricity markets, airline industry instability amid chronic financial stress, and the challenges created by the repeal of the Glass-Steagall Act, which allowed commercial banks to participate in investment banking, have led to calls for renewed market intervention. Economic Regulation and Its Reform collects research by a group of distinguished scholars who explore these and other issues surrounding government economic intervention. Determining the consequences of such intervention requires a careful assessment of the costs and benefits of imperfect regulation. Moreover, government interventions may take a variety of forms, from relatively nonintrusive performance-based regulations to more aggressive antitrust and competition policies and barriers to entry. This volume introduces the key issues surrounding economic regulation, provides an assessment of the economic effects of regulatory reforms over the past three decades, and examines how these insights bear on some of today’s most significant concerns in regulatory policy.
Author | : Daniel F. Spulber |
Publisher | : MIT Press |
Total Pages | : 720 |
Release | : 1989 |
Genre | : Business & Economics |
ISBN | : 9780262192750 |
Download Regulation and Markets Book in PDF, ePub and Kindle
Regulation and Markets provides the up to date, integrated analysis of regulatory policies and the administrative process that is needed in today's field of regulation economics. The book takes a modern perspective, using the tools of industrial organization and game theory. It is the only unified treatment of the field and combines theoretical models with consideration of public policy issues in the areas of antitrust, price regulation, environmental regulation, product quality, and workplace safety. The discussion considers both the welfare effects of regulation and the institutional aspects of the administrative regulatory process. Developments in the fields of law and political science have been integrated in a rigorous manner into the economic framework.Sections of the book address administrative process and market allocation, competition and pricing under increasing returns to scale, administrative regulation of markets, and antitrust enforcement. The conclusion evaluates regulatory policy and deregulation. Extensive literature citations throughout enhance the books value as a reference.
Author | : Richard M. Levich |
Publisher | : Springer Science & Business Media |
Total Pages | : 380 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 1461509998 |
Download Ratings, Rating Agencies and the Global Financial System Book in PDF, ePub and Kindle
Ratings, Rating Agencies and the Global Financial System brings together the research of economists at New York University and the University of Maryland, along with those from the private sector, government bodies, and other universities. The first section of the volume focuses on the historical origins of the credit rating business and its present day industrial organization structure. The second section presents several empirical studies crafted largely around individual firm-level or bank-level data. These studies examine (a) the relationship between ratings and the default and recovery experience of corporate borrowers, (b) the comparability of credit ratings made by domestic and foreign rating agencies, and (c) the usefulness of financial market indicators for rating banks, among other topics. In the third section, the record of sovereign credit ratings in predicting financial crises and the reaction of financial markets to changes in credit ratings is examined. The final section of the volume emphasizes policy issues now facing regulators and credit rating agencies.
Author | : J. Floreani |
Publisher | : Springer |
Total Pages | : 184 |
Release | : 2013-11-14 |
Genre | : Business & Economics |
ISBN | : 1137321830 |
Download The Economics of the Global Stock Exchange Industry Book in PDF, ePub and Kindle
This book is an economic analysis of the stock exchange industry. The authors draw on theories from micro- and industrial economics to provide a detailed analysis of the industry structure, the strategic behaviour of key participants and the performance of stock exchanges.
Author | : Daniel P. Kessler |
Publisher | : University of Chicago Press |
Total Pages | : 344 |
Release | : 2011-02 |
Genre | : Business & Economics |
ISBN | : 0226432181 |
Download Regulation Versus Litigation Book in PDF, ePub and Kindle
The efficacy of various political institutions is the subject of intense debate between proponents of broad legislative standards enforced through litigation and those who prefer regulation by administrative agencies. This book explores the trade-offs between litigation and regulation, the circumstances in which one approach may outperform the other, and the principles that affect the choice between addressing particular economic activities with one system or the other. Combining theoretical analysis with empirical investigation in a range of industries, including public health, financial markets, medical care, and workplace safety, Regulation versus Litigation sheds light on the costs and benefits of two important instruments of economic policy.
Author | : R. C. Michie |
Publisher | : Oxford University Press |
Total Pages | : 412 |
Release | : 2006-11-09 |
Genre | : Business & Economics |
ISBN | : 0199280614 |
Download The Global Securities Market Book in PDF, ePub and Kindle
This volume provides an authoritative account of the global securities market from its earliest developments to 2006.
Author | : Lawrence G. Goldberg |
Publisher | : Beard Books |
Total Pages | : 370 |
Release | : 2003 |
Genre | : Law |
ISBN | : 158798167X |
Download The Deregulation of the Banking and Securities Industries Book in PDF, ePub and Kindle
This is a reprint of a previously published book. It is composed of a series of papers written for a two-day conference at NYU in 1978 dealing with the problems involved in the deregulation of the banking and securities industries.
Author | : J. Floreani |
Publisher | : Springer |
Total Pages | : 277 |
Release | : 2013-11-14 |
Genre | : Business & Economics |
ISBN | : 1137321830 |
Download The Economics of the Global Stock Exchange Industry Book in PDF, ePub and Kindle
This book is an economic analysis of the stock exchange industry. The authors draw on theories from micro- and industrial economics to provide a detailed analysis of the industry structure, the strategic behaviour of key participants and the performance of stock exchanges.