In recent years, demutualized stock exchanges have increasingly engaged in M&A and alliance activities. To shed light … the shareholder protection, accounting standards and degree of capital market development in the partnering exchange’s …

Over the past decade, European exchanges have undertaken enormous reforms in their trading platforms and internal … intensified pressures for the consolidation of exchanges and systems. For this process to operate efficiently it is important that …

Burkina, a low-income country with a well-documented tradition of gift exchanges. The findings suggest that risk sharing is …

stock and derivative exchanges and securities settlement systems globally in the light of this analytical framework. The … network effects enable new systems to challenge existing exchanges and settlement systems. This has already led towards more … existing infrastructure companies. At the same time new electronic communication networks and electronic exchanges operated by …

between Europe and Asia, Danube, Black Sea, Don, Volga, and the Caspian Sea. The proposal is to develop two goods exchanges at …

Burkina, a low-income country with a well-documented tradition of gift exchanges. The findings suggest that risk sharing is …

scale, and technological development in stock exchanges and securities settlement systems.Implications for future policy and … wide range of stock exchanges over recent years.There is evidence of considerable variability in the efficiency of stock … exchanges, both within Europe and world-wide.The evidence also indicates a positive relationship between the organisational …