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Author : David F. DeRosa
Publisher : Unknown
Page : 268 pages
File Size : 49,9 Mb
Release : 2001
Category : Business & Economics
ISBN : STANFORD:36105119729445
The future economic well-being of both developed and developing nations depends upon an honest look at the irrefutable lessons of these recent financial disasters - before they are repeated."--BOOK JACKET.
Author : Walter Mattli
Publisher : Princeton University Press
Page : 264 pages
File Size : 49,8 Mb
Release : 2021-06-08
Category : Business & Economics
ISBN : 9780691216867
"Capital markets have undergone a dramatic transformation in the past two decades. Algorithmic high-speed supercomputing has replaced traditional floor trading and human market makers, while centralized exchanges that once ensured fairness and transparency have fragmented into a dizzying array of competing exchanges and trading platforms. Darkness by Design exposes the unseen perils of market fragmentation and 'dark' markets, some of which are deliberately designed to enable the transfer of wealth from the weak to the powerful. Walter Mattli traces the fall of the traditional exchange model of the NYSE, the world's leading stock market in the twentieth century, showing how it has come to be supplanted by fragmented markets whose governance is frequently set up to allow unscrupulous operators to exploit conflicts of interest at the expense of an unsuspecting public. Market makers have few obligations, market surveillance is neglected or impossible, enforcement is ineffective, and new technologies are not necessarily used to improve oversight but to offer lucrative preferential market access to select clients in ways that are often hidden. Mattli argues that power politics is central in today's fragmented markets. He sheds critical light on how the redistribution of power and influence has created new winners and losers in capital markets and lays the groundwork for sensible reforms to combat shady trading schemes and reclaim these markets for the long-term benefit of everyone. Essential reading for anyone with money in the stock market, Darkness by Design challenges the conventional view of markets and reveals the troubling implications of unchecked market power for the health of the global economy and society as a whole"--
Author : Anonim
Publisher : Unknown
Page : 128 pages
File Size : 44,6 Mb
Release : 1989
Category : Electronic
ISBN : OCLC:437004507
Author : Rainer Grote,Thilo Marauhn
Publisher : Cambridge University Press
Page : 358 pages
File Size : 44,9 Mb
Release : 2006-02-16
Category : Law
ISBN : 9781139450348
International financial relations have become increasingly important for the development of global and national economies. At present these relations are primarily governed by market forces, with little regulatory interference at the international level. In the light of numerous financial crises, this abstinence must be seriously questioned. Starting with an analysis of the regulatory problems at the international level, with only minimal powers entrusted to international organisations, this book develops various possibilities for reform. On the basis of an historical analysis, the book first adopts a comparative approach to national attempts to regulate international financial markets, then outlines the potential of relevant institutions and finally develops a policy perspective. It seeks to provide a framework for analysing options for the regulation of international financial markets from a public international law and comparative law perspective.
Author : John A. Allison
Publisher : McGraw Hill Professional
Page : 289 pages
File Size : 54,6 Mb
Release : 2012-09-21
Category : Business & Economics
ISBN : 9780071806787
The #1 Wall Street Journal Bestseller “Required reading. . . . Shows how our economic crisis was a failure, not of the free market, but of government.” —Charles Koch, Chairman and CEO, Koch Industries, Inc. Did Wall Street cause the mess we are in? Should Washington place stronger regulations on the entire financial industry? Can we lower unemployment rates by controlling the free market? The answer is NO. Not only is free market capitalism good for the economy, says industry expert John Allison, it is our only hope for recovery. As the nation’s longest-serving CEO of a top-25 financial institution, Allison has had a unique inside view of the events leading up to the financial crisis. He has seen the direct effect of government incentives on the real estate market. He has seen how government regulations only make matters worse. And now, in this controversial wake-up call of a book, he has given us a solution. The national bestselling The Financial Crisis and the Free Market Cure reveals: Why regulation is bad for the market—and for the world What we can do to promote a healthy free market How we can help end unemployment in America The truth about TARP and the bailouts How Washington can help Wall Street build a better future for everyone With shrewd insight, alarming insider details, and practical advice for today’s leaders, this electrifying analysis is nothing less than a call to arms for a nation on the brink. You’ll learn how government incentives helped blow up the real estate bubble to unsustainable proportions, how financial tools such as derivatives have been wrongly blamed for the crash, and how Congress fails to understand it should not try to control the market—and then completely mismanages it when it tries. In the end, you’ll understand why it’s so important to put “free” back in free market. It’s time for America to accept the truth: the government can’t fix the economy because the government wrecked the economy. This book gives us the tools, the inspiration—and the cure.
Author : Alan N. Rechtschaffen,RECHTSCHAFFEN ET AL.
Publisher : Unknown
Page : 352 pages
File Size : 47,9 Mb
Release : 2024-07-01
Category : Capital market
ISBN : 0190879661
The American economy looks good. This is in the wake of a decade where dramatic failures in individual markets and institutions sparked a global financial crisis resulting in political, social, and economic unrest. In the United States, a host of legislative acts completely reshaped the regulatory landscape. This book investigates the structure and the workings of financial instruments and the capital markets; it considers market evolution after the crisis and the impact of Central Bank policy. In doing so, it provides the tools to recognize vulnerabilities in capital market trading activities. This edition serves to explain the legal and business considerations of capital market participation.
Author : Onnig H. Dombalagian
Publisher : MIT Press
Page : 381 pages
File Size : 42,8 Mb
Release : 2015-03-20
Category : Business & Economics
ISBN : 9780262028622
An examination of regulation and use of information in capital markets, offering comparisons across different jurisdictions, regulated entities, and financial instruments. Financial information is a both a public resource and a commodity that market participants produce and distribute in connection with other financial products and services. Legislators, regulators, and other policy makers must therefore balance the goal of making information transparent, accessible, and useful for the collective benefit of society against the need to maintain appropriate incentives for information originators and intermediaries. In Chasing the Tape, Onnig Dombalagian examines the policy objectives and regulatory tools that shape the information production chain in capital markets in the United States, the European Union, and other jurisdictions. His analysis offers a unique cross section of capital market infrastructure, spanning different countries, regulated entities, and financial instruments. Dombalagian uses four key categories of information—issuer information, market information, information used in credit analysis, and benchmarks—to survey the market forces and regulatory regimes that govern the flow of information in capital markets. He considers the similarities and differences in regulatory aims and strategies across categories, and discusses alternative approaches proposed or adopted by scholars and policy makers. Dombalagian argues that the long-term regulatory challenges raised by economic globalization and advanced information technology will require policy makers to decouple information policy in capital markets from increasingly arbitrary historical classifications and jurisdictional boundaries.
Author : United States. Congress. House. Committee on Financial Services. Subcommittee on Domestic and International Monetary Policy, Trade, and Technology
Publisher : Unknown
Page : 224 pages
File Size : 47,8 Mb
Release : 2003
Category : Business & Economics
ISBN : PURD:32754077097610
Author : Michael P. Dooley,Jeffrey A. Frankel
Publisher : University of Chicago Press
Page : 456 pages
File Size : 42,7 Mb
Release : 2007-11-01
Category : Business & Economics
ISBN : 9780226155425
The management of financial crises in emerging markets is a vital and high-stakes challenge in an increasingly global economy. For this reason, it's also a highly contentious issue in today's public policy circles. In this book, leading economists-many of whom have also participated in policy debates on these issues-consider how best to reduce the frequency and cost of such crises. The contributions here explore the management process from the beginning of a crisis to the long-term effects of the techniques used to minimize it. The first three chapters focus on the earliest responses and the immediate defense of a currency under attack, exploring whether unnecessary damage to economies can be avoided by adopting the right response within the first few days of a financial crisis. Next, contributors examine the adjustment programs that follow, considering how to design these programs so that they shorten the recovery phase, encourage economic growth, and minimize the probability of future difficulties. Finally, the last four papers analyze the actual effects of adjustment programs, asking whether they accomplish what they are designed to do-and whether, as many critics assert, they impose disproportionate costs on the poorest members of society. Recent high-profile currency crises have proven not only how harmful they can be to neighboring economies and trading partners, but also how important policy responses can be in determining their duration and severity. Economists and policymakers will welcome the insightful evaluations in this important volume, and those of its companion, Sebastian Edwards and Jeffrey A. Frankel's Preventing Currency Crises in Emerging Markets.
Author : Merritt B. Fox,Lawrence Glosten,Gabriel Rauterberg
Publisher : Columbia University Press
Page : 612 pages
File Size : 51,8 Mb
Release : 2019-01-08
Category : Business & Economics
ISBN : 9780231543934
The U.S. stock market has been transformed over the last twenty-five years. Once a market in which human beings traded at human speeds, it is now an electronic market pervaded by algorithmic trading, conducted at speeds nearing that of light. High-frequency traders participate in a large portion of all transactions, and a significant minority of all trade occurs on alternative trading systems known as “dark pools.” These developments have been widely criticized, but there is no consensus on the best regulatory response to these dramatic changes. The New Stock Market offers a comprehensive new look at how these markets work, how they fail, and how they should be regulated. Merritt B. Fox, Lawrence R. Glosten, and Gabriel V. Rauterberg describe stock markets’ institutions and regulatory architecture. They draw on the informational paradigm of microstructure economics to highlight the crucial role of information asymmetries and adverse selection in explaining market behavior, while examining a wide variety of developments in market practices and participants. The result is a compelling account of the stock market’s regulatory framework, fundamental institutions, and economic dynamics, combined with an assessment of its various controversies. The New Stock Market covers a wide range of issues including the practices of high-frequency traders, insider trading, manipulation, short selling, broker-dealer practices, and trading venue fees and rebates. The book illuminates both the existing regulatory structure of our equity trading markets and how we can improve it.
Author : M. Choudhry,D. Joannas,G. Landuyt,R. Pereira,R. Pienaar
Publisher : Springer
Page : 546 pages
File Size : 47,7 Mb
Release : 2009-11-27
Category : Business & Economics
ISBN : 9780230279384
Revised and updated guide to some of the most important issues in the capital markets today, with an emphasis on fixed-income instruments. Fundamental concepts in equity market analysis, foreign exchange and money markets are also covered to provide a comprehensive overview. Analysis and valuation techniques are given for practical application.
Author : Jeffrey B. Golden
Publisher : Unknown
Page : 344 pages
File Size : 52,9 Mb
Release : 2019
Category : Electronic
ISBN : 1838620729
Author : Tony Smith
Publisher : BRILL
Page : 367 pages
File Size : 49,9 Mb
Release : 2005-12-01
Category : Political Science
ISBN : 9789047408413
This book traces a dialectical ordering of positions in the globalisation debate, with later positions interpreted as responses to “immanent contradictions” implicit in earlier ones. The progression culminates in a Marxian framework addressing the contradictions implicit in all forms of capitalist globalisation.
Author : Anonim
Publisher : Ludwig von Mises Institute
Page : 646 pages
File Size : 53,6 Mb
Release : 2024-07-01
Category : Electronic
ISBN : 9781610163866
Author : F. Moseley
Publisher : Springer
Page : 242 pages
File Size : 49,5 Mb
Release : 2004-12-07
Category : Business & Economics
ISBN : 9780230523999
This book provides a contemporary assessment of Marx's theory of money. This theory is often praised as one of Marx's greatest achievements, especially when compared with either classical or neoclassical economics. On the other hand, Marx's theory of money has also been severely criticized, especially that it seems to require that money be a produced commodity. The contributors to the volume provide a wide-ranging and in-depth appraisal of the strengths and weaknesses of Marx's theory of money, compared to other theories of money.
