This paper develops three arguments for the current academic and political debate on an appropriate regulation of … to different approaches of capital market regulation. As we will show, a preventive, effective and proportional … regulation consists of information and transparency rules in combination with a ban of socially undesirable trading, complemented …

This paper develops three arguments for the current academic and political debate on an appropriate regulation of … different approaches of capital market regulation. As we will show, a preventive, effective and proportional regulation consists … blowing. Compared to position limits, such a framework of regula-tion has socially desirable advantages. (3) Finally, we …