European stock markets have been slow to recover as the crisis in Europe has developed into a fiscal as well as a financial crisis. The market capitalization and trading value of the main European markets, and the value of IPOs and capital increases by European companies as a percentage of the...

With competition among the exchanges to win orders intensifying, exchanges in Europe and the US have continued to implement market reforms and add to their services as a way to attract more traders to their respective platforms. This paper provides an overview of how securities exchanges in...

China began dealing with the problems caused by the existence of nontradable shares in April 2005 as part of a fairly dramatic package of stock market reforms. The new rules make it possible to gradually sell on the market nontradable shares, which account for more than 60% of all shares issued...