The Industrial Organization and Regulation of the Securities Industry

Experts analyze the securities industry in The Industrial Organization and Regulation of the Securities Industry, addressing economic perspectives and regulatory challenges.

In The Industrial Organization and Regulation of the Securities Industry, a group of experts from various fields, including industrial organization, finance, and law, delve into the complexities of the securities industry through an economic lens. This volume features contributions from regulatory agency members and professionals in the securities industry, providing a comprehensive overview of the current state of financial markets. The discussions include critical topics such as electronic trading and the emergence of 'virtual' stock exchanges, which are reshaping traditional trading practices.

The book presents ten original essays that explore a range of pertinent issues, including trading costs and liquidity on major stock exchanges like those in London and Tokyo, as well as in the German and Japanese government bond markets. The authors also examine the importance of international coordination among regulatory agencies and the implications of evolving margin requirements on stock prices, volatility, and liquidity. These insights are essential for understanding the intricate dynamics of modern financial markets.

This volume is particularly valuable for economists, lawyers, and legislators who are interested in gaining a deeper perspective on the policy challenges facing the securities industry today. By blending theoretical analysis with practical insights, The Industrial Organization and Regulation of the Securities Industry serves as a crucial resource for anyone looking to navigate the complexities of financial regulation and market behavior.