Wow! eBook
The Industrial Organization & Regulation of the Securities Industry 2nd ed. Edition
Author(s): Andrew W Lo (Author)
- Publisher: University of Chicago Press
- Publication Date: 7 Mar. 1996
- Edition: 2nd ed.
- Language: English
- Print length: 386 pages
- ISBN-10: 0226488470
- ISBN-13: 9780226488479
Book Description
The regulation of financial markets has for years been the domain of lawyers, legislators, and lobbyists. In this 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 co-ordination among regulatory agencies; and the impact of changing margin requirements on stock prices, volatility and liquidity. This presentation of research may appeal to economists, lawyers, and legislators who seek a perspective on policy issues in the securities industry.
Editorial Reviews
About the Author
Andrew W. Lo is the Charles E. And Susan T. Harris Group Professor, professor of finance, and director of the Laboratory for Financial Engineering at the Massachusetts Institute of Technology. He is a research associate of the National Bureau of Economic Research.
