What Future for the Stock Market Industry? Analysis of a Transformation Process
Type de matériel :
TexteLangue : français Détails de publication : 2009.
Sujet(s) : Ressources en ligne : Abrégé : "The transformation of the world’s principal stock markets into enterprises immersed in a competitive environment has not produced all of its intended consequences. Three strategies are competing: the vertical integration of stock markets and CSDs; horizontal growth in market share to an oligopoly dominated by large globalized stock markets; and the vertical control of stock markets by large financial institutions. This paper aims to build the analytical foundations of an explanation of these financial strategies. It suggests an analysis of the sustainability of previous evolutions and sketches out a future for the stock market industry. JEL codes: D43, G20, L11, L12, L13, L25, L41, L42, L43"
Nous n'avons pas d'exemplaire de ce document
16
"The transformation of the world’s principal stock markets into enterprises immersed in a competitive environment has not produced all of its intended consequences. Three strategies are competing: the vertical integration of stock markets and CSDs; horizontal growth in market share to an oligopoly dominated by large globalized stock markets; and the vertical control of stock markets by large financial institutions. This paper aims to build the analytical foundations of an explanation of these financial strategies. It suggests an analysis of the sustainability of previous evolutions and sketches out a future for the stock market industry. JEL codes: D43, G20, L11, L12, L13, L25, L41, L42, L43"
Réseaux sociaux