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Does Britain Need a Financial Regulator?

Booth, Philip - 2011

Only a generation ago, UK investment markets were regulated by self-governing exchanges. Though independent exchanges still exist, investment markets have become regulated in ever more detailed ways by statutory bodies such as the Financial Services Authority. These bodies have no clear lines of...

Persistent link: https://www.econbiz.de/10013132490

'Brexit' : A Case Study in the Relationship between Political and Financial Market Uncertainty

Smales, Lee A. - 2016

This letter explores a single research question: How does political uncertainty, outside of the election cycle, influence financial market uncertainty? Using the UK (‘Brexit') referendum on EU membership as a novel event to examine this question, I identify a positive and well defined...

Persistent link: https://www.econbiz.de/10012987326

Prediction of financial downside-risk with heavy-tailed conditional distributions

Mittnik, Stefan; Paolella, Marc S. - 2003

The use of GARCH models with stable Paretian innovations in financial modeling has been recently suggested in the literature. This class of processes is attractive because it allows for conditional skewness and leptokurtosis of financial returns without ruling out normality. This contribution...

Persistent link: https://www.econbiz.de/10009765347

Private regulation versus government regulation : the example of financial markets

Booth, P. - In: Economic affairs : journal of the Institute of Economic … 42 (2022) 1, pp. 30-49

Persistent link: https://www.econbiz.de/10013165975

Money rules : the new politics of finance in Britain and Japan

Laurence, Henry - 2001 - 1. publ.

Persistent link: https://www.econbiz.de/10001509662

Decomposing Changes in the Functioning of the Sterling Repo Market

Noss, Joseph - 2019

We identify the degree to which changes in gilt repo market functioning have been driven by changes in the supply of — and the demand for — market intermediation. To do so, we use a structural vector auto regression (SVAR) model with sign and zero restrictions. We find that changes in gilt...

Persistent link: https://www.econbiz.de/10012871233

The Effect of NAV Flotation on the Management of Prime Money Fund Portfolios

Li, Su - 2019

The October, 2016 money-fund reform obliged institutional prime funds to start floating their Net Asset Values (NAVs … management. We find that institutional funds reduced their interest-rate, liquidity and credit risk around the reform … back to where it was well before the reform by the end of 2017. Prime funds adjusted to their shrinkage largely through …

Persistent link: https://www.econbiz.de/10012896588

The effect of the term auction facility on the London inter-bank offered rate

McAndrews, James Joseph (contributor); … - 2008

This paper examines the effects of the Federal Reserve’s Term Auction Facility (TAF) on the London Inter-Bank Offered Rate (LIBOR). The particular question investigated is whether the announcements and operations of the TAF are associated with downward shifts of the LIBOR; such an association...

Persistent link: https://www.econbiz.de/10003781580

The evolution of global standards of accounting

Gebhardt, Günther - 1999

The globalization of markets and companies has increased the demand for internationally comparable high quality accounting information resulting from a common set of accounting rules. Despite remarkable efforts of international harmonization for more than 25 years, accounting regulation is still...

Persistent link: https://www.econbiz.de/10009767699

Cross-Border Offers of Securities in the EU : The Standard Life Flotation

Ferran, Eilis - 2010

This article reviews the use in the flotation of Standard Life plc of the prospectus passport for cross-border offers of securities within the EU that was introduced by the Prospectus Directive (2003). The Standard Life flotation was a major test for the new law on prospectuses and, overall, it...

Persistent link: https://www.econbiz.de/10014053596

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