Chinese capital markets: institutional reforms and growing global links

Global Capital Markets in the Long Run: A Review of Maurice Obstfeld and Alan Taylor’s Global Capital Markets

Written by Maurice Obstfeld and Alan Taylor, Global Capital Markets: Integration, Crisis, and Growth was a much-needed book that will be cited extensively by those with interests in the long run evolution of the world financial capital market. The book does not simply assess changes in the efficiency of global capital markets over the past 150 years, but rather adds significantly to debates abo...

How Effective Are Institutional Reforms?

Electronic Markets Ontology: ideal architecture for global capital market

When approaching electronic capital market design and microstructure with the focus of analysing and improving existing markets with end-state analysis, it is necessary to name an ideal objective. This serves the purposes of technology evaluation and the development of a standard framework for structural measurement in modeling and language paradigm design. An ideal capital market architecture ...

Markets , Regulatory Institutions , Competitiveness and Reforms

Recognising the importance of transitioning to a markets-based economy, with the attendant benefit of competition, as the most effective method of increasing economic competitiveness, the paper discusses the consequent limitations and problems that are likely to arise during the transition. It confines itself primarily to infrastructure sectors (most often characterised by natural monopolies an...

Social Capital and Institutional Legitimacy: