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China's securities markets are unlike those of Amsterdam, London or New York. Those markets evolved over centuries from … spontaneous securities markets did emerge throughout China in the 1980s following the start of economic liberalization, but these …
Persistent link: https://www.econbiz.de/10013131132
China's securities markets are unlike those of Amsterdam, London or New York. Those markets evolved over centuries from … spontaneous securities markets did emerge throughout China in the 1980s following the start of economic liberalization, but these … which the essay concludes.This paper was written in connection with an NBER project, "Capitalizing China." …
Persistent link: https://www.econbiz.de/10013139880
China's securities markets are unlike those of Amsterdam, London or New York. Those markets evolved over centuries from … spontaneous securities markets did emerge throughout China in the 1980s following the start of economic liberalization, but these …
Persistent link: https://www.econbiz.de/10012461944
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This note discusses the basic economics of central clearing for derivatives and the need for a proper regulation, supervision and resolution of central counterparty clearing houses (CCPs). New regulation in the U.S. and in Europe renders the involvement of a central counterparty mandatory for...
Persistent link: https://www.econbiz.de/10011532033
According to statute, securities exchanges play an essential role in ensuring compliance with applicable laws and industry standards. Long imagined as unique in their institutional capacity to bring traders together, collect information and exclude problem participants from the marketplace,...
Persistent link: https://www.econbiz.de/10012855620
Securities settlement systems should have a well-founded, clear and transparent legal basis in the relevant jurisdiction. The laws, regulations, rules and procedures governing the operations and activities of Thailand Securities Depositories (TSD) are public and accessible to participants. In...
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