In this paper, we explore how competition among stock exchanges, operated as self-regulatory organizations (SROs), affects the design of their members' surveillance. We develop a model where two for-profit SROs compete for trading volume, while brokers execute transactions on behalf of the...

The Turkish credit card market has recently undergone two important formal regulations: the interchange fee regulation in 2005 and the interest rate regulation in 2006. Banks started to charge annual fees to cardholders after the interest rate regulation, before which credit card ownership was...

The Turkish credit card market has recently undergone two important formal regulations: the interchange fee regulation in 2005 and the interest rate regulation in 2006. Banks started to charge annual fees to cardholders after the interest rate regulation, before which credit card ownership was...

The Turkish credit card market has recently undergone two important formal regulations: the interchange fee regulation in 2005 and the interest rate regulation in 2006. Banks started to charge annual fees to cardholders after the interest rate regulation, before which credit card ownership was...

Civil Society Organizations (CSOs) are indispensable watchdogs against corrupt practices and global challenges found in complex, modern societies. Yet sometimes, CSOs themselves can struggle to live up to the ambitious standards they demand of others, such as responsible advocacy, ethical...