I The Evolving International Financial Environment -- 1 Global Financial Markets: The Past, The Future, and Public Policy Questions -- 2 The Telecommunications and Information Revolution: Implications for Financial Markets, Trading Systems, and Regulation -- 3 The Financial System and Global...

Prologue -- Using Tax Policy to Curb Speculative Short-Term Trading -- Commentary -- Stock Market Margin Requirements and Volatility: Implications for Regulation of Stock Index Futures -- Commentary -- Margin Requirements and Stock Volatility -- Volatility, Price Resolution, and the...