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    The Industrial Organization and Regulation of the Securities Industry
    The Industrial Organization and Regulation of the Securities Industry
    The Industrial Organization and Regulation of the Securities Industry
    Ebook371 pages9 hours

    The Industrial Organization and Regulation of the Securities Industry

    By Andrew W. Lo

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    About this ebook

    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.
    LanguageEnglish
    PublisherUniversity of Chicago Press
    Release dateApr 15, 2008
    ISBN9780226488493
    The Industrial Organization and Regulation of the Securities Industry

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