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What are the ethical obligations of the sellers of financial products to their customers? Stockbrokers in the U.S. have …
Persistent link: https://www.econbiz.de/10010989952
professionals in finance accept codes of business. The particular mentality of stockbrokers and traders constructs the way they …
Persistent link: https://www.econbiz.de/10004991299
Persistent link: https://www.econbiz.de/10005680847
Persistent link: https://www.econbiz.de/10005767357
This paper evaluates the Observance of Standards and Codes on the International Organization of Securities Commission (IOSCO) Objectives and Principles of Securities Regulation for New Zealand. New Zealand equity markets are comparatively small with market capitalization of about 44 percent of...
Persistent link: https://www.econbiz.de/10005768600
from stockbrokers, traders and market makers to managing directors of brokerage firms. <p> Findings <p> Trust is still …
Persistent link: https://www.econbiz.de/10005802500
I establish stylized empirical facts about the trading behavior of New York Stock Exchange specialists. Specifically, I look at the effect of future price movements, the specialist's explicit role, and the specialist's inventory levels on specialist trading behavior. The motivation for this...
Persistent link: https://www.econbiz.de/10005712680
This paper assesses whether regional cooperation and integration of stock exchanges in eastern and southern Africa could offer a way of overcoming impediments to the exchanges' development. The paper concludes that regional cooperation and, at a later stage, integration, if carried out at the...
Persistent link: https://www.econbiz.de/10005263689
This paper examines how the macroeconomic effects of capital controls vary depending on which type of international financial transaction they cover. Drawing on Malaysia's experiences in regulating the capital account during the 1990s, it finds, in an error-correction model, that capital...
Persistent link: https://www.econbiz.de/10005263719
We analyze the capital controls imposed in Malaysia in September 1998. In macroeconomic terms, these controls neither yielded major benefits nor were costly. At the same time, the stock market interpreted the capital controls (and associated events) as favoring firms with stronger political...
Persistent link: https://www.econbiz.de/10005263746