LEADER 04242nam 2200721 a 450 001 9910964744103321 005 20200520144314.0 010 $a9786611431020 010 $a9781281431028 010 $a1281431028 010 $a9780226488493 010 $a0226488497 024 7 $a10.7208/9780226488493 035 $a(CKB)1000000000406065 035 $a(EBL)408540 035 $a(OCoLC)476229544 035 $a(SSID)ssj0000178634 035 $a(PQKBManifestationID)11165285 035 $a(PQKBTitleCode)TC0000178634 035 $a(PQKBWorkID)10229970 035 $a(PQKB)10889576 035 $a(MiAaPQ)EBC408540 035 $a(DE-B1597)535663 035 $a(OCoLC)1058368145 035 $a(DE-B1597)9780226488493 035 $a(Au-PeEL)EBL408540 035 $a(CaPaEBR)ebr10229987 035 $a(CaONFJC)MIL143102 035 $a(Perlego)1975015 035 $a(EXLCZ)991000000000406065 100 $a19950414d1996 uy 0 101 0 $aeng 135 $aurnn#---||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 04$aThe industrial organization and regulation of the securities industry /$fedited by Andrew W. Lo 205 $a1st ed. 210 $aChicago $cUniversity of Chicago Press$d1996 215 $a1 online resource (390 pages) 225 1 $aNational Bureau of Economic Research conference report 225 1 $aConference report (National Bureau of Economic Research) 300 $aPapers of a conference held Jan. 20-22, 1994 in Key Largo, Fla. 311 0 $a9780226488479 311 0 $a0226488470 320 $aIncludes bibliographical references and indexes. 327 $tFront matter --$tContents --$tAcknowledgments --$tIntroduction --$t1 Regulatory Regimes: The Interdependence of Rules and Regulatory Structure --$t2 Brokerage, Market Fragmentation, and Securities Market Regulation --$t3 Competition, Fragmentation, and Market Quality --$t4 An Exchange Is a Many- Splendored Thing: The Classification and Regulation of Automated Trading Systems --$t5 Transaction Costs in Dealer Markets: Evidence from the London Stock Exchange --$t6 The Effect of Integration between Broker-Dealers and Specialists --$t7 International Regulation of Securities Markets: Competition or Harmonization? --$t8 Institutional and Regulatory Influences on Price Discovery in Cash and Futures Bond Markets --$t9 Market Structure and Liquidity on the Tokyo Stock Exchange --$t10 The Price, Volatility, Volume, and Liquidity Effects of Changes in Federal Reserve Margin Requirements on Both Marginable and Nonmarginable OTC Stocks --$tContributors --$tParticipants --$tAuthor Index --$tSubject Index 330 $aThe regulation of financial markets has for years been the domain of lawyers, legislators, and lobbyists. In this unique volume, experts in industrial organization, finance, and law, as well as members of regulatory agencies and the securities industry, examine the securities industry from an economic viewpoint. Ten original essays address topics including electronic trading and the "virtual" stock exchange; trading costs and liquidity on the London and Tokyo Stock Exchanges and in the German and Japanese government bond markets; international coordination among regulatory agencies; and the impact of changing margin requirements on stock prices, volatility, and liquidity. This clear presentation of groundbreaking research will appeal to economists, lawyers, and legislators who seek a refreshingly new perspective on policy issues in the securities industry. 410 0$aNational Bureau of Economic Research conference report. 410 0$aConference report (National Bureau of Economic Research) 606 $aSecurities industry$vCongresses 606 $aSecurities industry$xState supervision$vCongresses 615 0$aSecurities industry 615 0$aSecurities industry$xState supervision 676 $a332.63/2 701 $aLo$b Andrew W$g(Andrew Wen-Chuan)$0117381 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910964744103321 996 $aThe industrial organization and regulation of the securities industry$94365501 997 $aUNINA