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The Great Reversals : The Politics of Financial Development in the 20th Century
Rajan, Raghuram - 2000
We attempt to identify and explain the broad patterns of financial development in developed countries over the twentieth century. We find that, contrary to the predictions of most existing theories, indicators of financial development do not seem monotonic over time. In particular, we find that...
Persistent link: https://www.econbiz.de/10012446566
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How to Regulate a Financial Market? The Impact of the 1893-1898 Regulatory Reforms on the Paris Bourse
Hautcoeur, Pierre Cyrille - 2010
Theoretical and historical experience suggests a financial centre may either include a single, consolidated and loosely regulated stock exchange attracting all intermediaries and actors, or a variety of exchanges going from strictly regulated to completely unregulated and adapted to the needs of...
Persistent link: https://www.econbiz.de/10013148520
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Beyond Regulation : A Cooperative Approach to High Frequency Trading and Financial Market Monitoring
Bell, Holly - 2015
Some people are concerned that existing market structure regulation and liquidity incentives have skewed financial markets in favor of algorithmic and high-frequency trading (HFT). This type of market activity involves the use of computer programs to automatically trade securities in financial...
Persistent link: https://www.econbiz.de/10013012226
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Volatility Control Mechanisms : The International Experience and the Evidence from Hong Kong
Chan, Kalok; Lam, F. Y. Eric; Valente, Giorgio; Wu, Siyuan - 2022
This working paper was written by Kalok Chan (Chinese University of Hong Kong Business School), F.Y. Eric Lam (Independent Researcher)*, Giorgio Valente (Hong Kong Institute for Monetary and Financial Research) and Siyuan Wu (Chinese University of Hong Kong Business School).Trading venues have...
Persistent link: https://www.econbiz.de/10013492074
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The foundation of the European Capital Markets Union (CMU) : From the 2015 to the 2020 CMU Action Plan and Their Implementation
Gortsos, Christos - 2022
The present article contains a brief but comprehensive overview of the development of the Capital Markets Union (CMU) project in the EU to further deepen EU capital markets’ integration. After the Introduction, it first discusses the Commission’s 2015 CMU Action Plan and its follow-up,...
Persistent link: https://www.econbiz.de/10013297827
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Developing local currency bond markets in Asia
Park, Cyn-Young - 2016
integration can be stepped up to support the key determinants for developing efficient local currency bond markets in emerging …
Persistent link: https://www.econbiz.de/10011579577
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Going Regional : How to Deepen ASEAN’s Financial Markets
Gochoco‐Bautista, Maria Socorro - 2012
This study identifies the key issues involved in the further development and deepening of financial markets in the Association of Southeast Asian Nations (ASEAN). For the smaller ASEAN countries, the first priority is the development of the banking system. In the larger ASEAN 3 economies,...
Persistent link: https://www.econbiz.de/10013108172
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Growth and Income Distribution Policies Drive China's Financial and Capital Market Reforms
Sekine, Eiichi - 2013
The Communist Party reaffirmed plans to expedite China's transition to a new growth model at its 18th National Congress … in November 2012. To this end, China has already started making moves to further develop the financial industry and the … income distribution affect China's asset management sector …
Persistent link: https://www.econbiz.de/10013073735
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Challenges in the Mexican Financial Sector
Bonturi, Marcos - 2002
The Mexican banking crisis of 1994/95 necessitated a major government rescue operation - estimated to have cost about 20 per cent of GDP. Since then, financial sector reforms have been implemented and the performance of the Mexican financial system has markedly improved, as shown by indicators...
Persistent link: https://www.econbiz.de/10012446004