Research Catalog

The economics of the global stock exchange industry

Title
The economics of the global stock exchange industry / Josanco Floreani and Maurizio Polato, Department of Economics, University of Udine, Italy.
Author
Floreani, Josanco, 1972-
Publication
Houndmills, Basingstoke, Hampshire : Palgrave Macmillan, 2014.
Supplementary Content
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TextUse in library JBD 18-225Schwarzman Building - General Research Room 315

Details

Additional Authors
Polato, Maurizio, 1964-
Description
xiv, 277 pages : illustrations; 23 cm.
Summary
"Securities exchanges play a significant role in macroeconomics. They engage in the allocation process, which assures that savings are allocated to the most profitable investment opportunities. But what are the forces driving the supply side, namely, the services offered by exchanges? It is not just a matter of market microstructure and the rules governing the price discovery. Rather, it embraces a much wider perspective involving the balance of interests of multiple stakeholders, the competitive strategies of exchanges and other platform operators and the impact of regulation. This book provides an economic analysis of the stock exchange industry. It draws on theories from micro- and industrial economics to provide a detailed analysis of the industry structure, the strategic behaviour of key participants and a methodological framework for assessing the performance of stock exchanges. It provides an overview of the factors driving the consolidation of the industry, and examines the implications of ongoing changes in the regulatory environment. It investigates the functioning of securities exchanges and other trading platforms as firms, assuming an industrial organization perspective and focusing on the competitive behaviour of exchanges, regulation and governance arrangements and their impact on the structure of the industry. "--
Series Statement
Palgrave Macmillan Studies in banking and financial institutions
Uniform Title
Palgrave Macmillan studies in banking and financial institutions.
Subjects
Bibliography (note)
  • Includes bibliographical references (pages 247-254) and index.
Contents
1.Securities Industry and Exchange Industry: Organization and Value Chain -- 2.The Exchange Industry: An Overview -- 3.Securities Industry Regulation: Implications for Exchanges' Performances -- 4.The Governance of Securities Exchanges: New Insights -- 5.The Economics of Exchanges -- 6.A Risk-Adjusted Model for Performance Measurement -- 7.The Economics of the Exchange Industry: An Empirical Overview.
Call Number
JBD 18-225
ISBN
  • 9781137321824 (hardback)
  • 1137321822 (hardback)
LCCN
2013043899
OCLC
848162834
Author
Floreani, Josanco, 1972- author.
Title
The economics of the global stock exchange industry / Josanco Floreani and Maurizio Polato, Department of Economics, University of Udine, Italy.
Publisher
Houndmills, Basingstoke, Hampshire : Palgrave Macmillan, 2014.
Type of Content
text
Type of Medium
unmediated
Type of Carrier
volume
Series
Palgrave Macmillan Studies in banking and financial institutions
Palgrave Macmillan studies in banking and financial institutions.
Bibliography
Includes bibliographical references (pages 247-254) and index.
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Cover image
Added Author
Polato, Maurizio, 1964- author.
Research Call Number
JBD 18-225
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