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Author: Merritt B. Fox
Publisher:
ISBN: 9781982966850
Category : Securities
Languages : en
Pages : 476
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Book Description
Author: Merritt B. Fox
Publisher:
ISBN: 9781982966850
Category : Securities
Languages : en
Pages : 476
Get Book Here
Book Description
Author: Merritt B. Fox
Publisher: Columbia University Press
ISBN: 023154393X
Category : Business & Economics
Languages : en
Pages : 612
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Book Description
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: Michael E. Brown
Publisher: Georgetown University Press
ISBN: 9781589013353
Category : Political Science
Languages : en
Pages : 356
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Book Description
The optimism that arrived at the end of the cold war and marked the turn of the Millennium was shattered by September 11. In the aftermath of that event it is not unwarranted pessimism that lines the pages of Grave New World, it is unavoidable reality. Terrorism is but one aspect of many other wider concerns for national and international security, and the contributors to this volume not only warn us, but reward us as well with the clarity of their views into—and possible solutions for—a difficult, complicated future. They speak convincingly of the numerous military and non-military challenges that create security problems—whether those are interstate, intrastate, or transnational—many of which are being dangerously overlooked in public policy debates. The challenges and complexities might seem insurmountable but the first step in solving problems is recognizing that they exist. Grave New World provides an eye-opening assessment of the prospects for peace and security in the 21st century. Michael E. Brown frames these issues in his Introduction, "Security Challenges in the 21st Century;" and in his summation, "Security Problems and Security Policy in a Grave New World."
Author: Lodewijk Petram
Publisher: Columbia University Press
ISBN: 0231537328
Category : Business & Economics
Languages : en
Pages : 305
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Book Description
This account of the sophisticated financial hub that was 17th-century Amsterdam “does a fine job of bringing history to life” (Library Journal). The launch of the Dutch East India Company in 1602 initiated Amsterdam’s transformation from a regional market town into a dominant financial center. The Company introduced easily transferable shares, and within days buyers had begun to trade them. Soon the public was engaging in a variety of complex transactions, including forwards, futures, options, and bear raids, and by 1680 the techniques deployed in the Amsterdam market were as sophisticated as any we practice today. Lodewijk Petram’s award-winning history demystifies financial instruments by linking today’s products to yesterday’s innovations, tying the market’s operation to the behavior of individuals and the workings of the world around them. Traveling back in time, Petram visits the harbor and other places where merchants met to strike deals. He bears witness to the goings-on at a notary’s office and sits in on the consequential proceedings of a courtroom. He describes in detail the main players, investors, shady characters, speculators, and domestic servants and other ordinary folk, who all played a role in the development of the market and its crises. His history clarifies concerns that investors still struggle with today—such as fraud, the value of information, trust and the place of honor, managing diverging expectations, and balancing risk—and does so in a way that is vivid, relatable, and critical to understanding our contemporary world.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264176004
Category :
Languages : en
Pages : 191
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Book Description
This book reviews recent trends in the structure of OECD government securities markets and public debt management operations, and highlights the generic structural policy issues in emerging debt markets.
Author: United States. Securities and Exchange Commission
Publisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages :
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Book Description
Author: United States. Department of the Treasury
Publisher: Treasury
ISBN:
Category : Business & Economics
Languages : en
Pages : 208
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Book Description
Author: Robert J. Shiller
Publisher: MIT Press
ISBN: 9780262691512
Category : Business & Economics
Languages : en
Pages : 486
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Book Description
Market Volatility proposes an innovative theory, backed by substantial statistical evidence, on the causes of price fluctuations in speculative markets. It challenges the standard efficient markets model for explaining asset prices by emphasizing the significant role that popular opinion or psychology can play in price volatility. Why does the stock market crash from time to time? Why does real estate go in and out of booms? Why do long term borrowing rates suddenly make surprising shifts? Market Volatility represents a culmination of Shiller's research on these questions over the last dozen years. It contains reprints of major papers with new interpretive material for those unfamiliar with the issues, new papers, new surveys of relevant literature, responses to critics, data sets, and reframing of basic conclusions. Included is work authored jointly with John Y. Campbell, Karl E. Case, Sanford J. Grossman, and Jeremy J. Siegel. Market Volatility sets out basic issues relevant to all markets in which prices make movements for speculative reasons and offers detailed analyses of the stock market, the bond market, and the real estate market. It pursues the relations of these speculative prices and extends the analysis of speculative markets to macroeconomic activity in general. In studies of the October 1987 stock market crash and boom and post-boom housing markets, Market Volatility reports on research directly aimed at collecting information about popular models and interpreting the consequences of belief in those models. Shiller asserts that popular models cause people to react incorrectly to economic data and believes that changing popular models themselves contribute significantly to price movements bearing no relation to fundamental shocks.
Author: Gal Luft
Publisher: Bloomsbury Publishing USA
ISBN: 027599998X
Category : Political Science
Languages : en
Pages : 389
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Book Description
The impact of energy on global security and economy is clear and profound, and this is why in recent years energy security has become a source of concern to most countries. However, energy security means different things to different countries based on their geographic location, their endowment of resources their strategic and economic conditions. In this book, Gal Luft and Anne Korin with the help of twenty leading experts provide an overview of the world's energy system and its vulnerabilities that underlay growing concern over energy security. It hosts a debate about the feasibility of resource conflicts and covers issues such as the threat of terrorism to the global energy system, maritime security, the role of multinationals and non-state actors in energy security, the pathways to energy security through diversification of sources and the development of alternative energy sources. It delves into the various approaches selected producers, consumers and transit states have toward energy security and examines the domestic and foreign policy tradeoffs required to ensure safe and affordable energy supply. The explains the various pathways to energy security and the tradeoffs among them and demonstrates how all these factors can be integrated in a larger foreign and domestic policy framework. It also explores the future of nuclear power, the complex relations between energy security and environmental concerns and the role for decentralized energy as a way to enhance energy security.
Author: Petri Mäntysaari
Publisher: Walter de Gruyter GmbH & Co KG
ISBN: 3110761327
Category : Law
Languages : en
Pages : 1042
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Book Description
Public stock markets are too small. This book is an effort to rescue public stock markets in the EU and the US. There should be more companies with publicly-traded shares and more direct share ownership. Anchored in a broad historical study of the regulation of stock markets and companies in Europe and the US, the book proposes ways to create a new regulatory regime designed to help firms and facilitate people’s capitalism. Through its comparative and historical study of regulation and legal practices, the book helps to understand the evolution of public stock markets from the nineteenth century to the present day. The book identifies design principles that reflect prior regulation. While continental European company law has produced many enduring design principles, the recent regulation of stock markets in the EU and the US has failed to serve the needs of both firms and retail investors. The book therefore proposes a new set of design principles to serve contemporary societal needs.
