The Industrial Organization and Regulation of the Securities Industry (Hardcover) (ISBN-13: 9780226488479)

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.


Author: Andrew W. Lo
ISBN-10: 0226488470
ISBN-13: 9780226488479
Publisher: University of Chicago Press
Language: English
Published: 01/01/1996
Pages: 386
Format: Hardcover
Weight: 1.60lbs
Size: 9.22h x 6.30w x 1.03d