منابع مشابه
Coase and the Reform of Securities Markets
Do legal rules matter for economic outcomes? Can changing the details of specific laws affect overall institutions in a way that will have a significant short-term impact? Is it particularly effective to change securities law and regulation? For all three questions, a common answer in both economics and law is “no.” The intellectual underpinning for this position is influential work by Ronald C...
متن کاملIntegration of European securities markets
It is generally recognised that integration of European securities markets is economically beneficial to the Member States of the European Union and the European Economic Area. It promotes competition between securities service providers, enhances efficiency of financial systems and contributes to efficient allocation of resources. Integration can enable businesses to procure cheaper finance th...
متن کاملClearance and Settlement in the Securities Markets
The structure and operation of today's financial markets largely reflect relatively recent advances in electronic information technology and its applications. The ability of market participants to communicate and store vast amounts of information at very high speeds has irreversibly transformed the landscape of these markets. The age of the global, twenty-four-hour-day market is at hand.' Signi...
متن کاملDevelopment of Securities Markets: The Indian Experience
Asatisfactory pace of economic growth in any economy is contingent upon availability of adequate capital. A well-developed securities market, while acting as a provider of funding for economic activity at the macro level, plays specific roles in an economy: it diffuses stress on the banking sector by diversifying credit risk across the economy, supplies funds for long-term investment needs of t...
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ژورنال
عنوان ژورنال: International Economic Journal
سال: 2002
ISSN: 1016-8737,1743-517X
DOI: 10.1080/10168730200000001