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• 000 03165cam a2200373 a 4500

• 001 0000529258

• 003 OCoLC

• 005 20141107100300.0

• 008 131106s2014 enka b 001 0 eng

• 010 __ |a 2013043899

• 020 __ |a 9781137321824 (hardback)

• 020 __ |a 1137321822 (hardback)

• 020 __ |z 9781137321831 (PDF ebook)

• 035 __ |a (OCoLC)848162834

• 040 __ |a DLC |b eng |e rda |c DLC |d YDX |d YDXCP |d BTCTA |d UKMGB |d BDX |d OCLCF |d OCLCO |d CDX |d PUL |d IUL |d ALM |d CUD

• 050 00 |a HG4551 |b .F526 2014

• 082 00 |a 332.64/2 |2 23

• 090 __ |a F831.51/BF1

• 093 __ |a F831.51 |2 5

• 100 1_ |a Floreani, Josanco, |d 1972- |e author.

• 245 14 |a The economics of the global stock exchange industry / |c Josanco Floreani and Maurizio Polato, Department of Economics, University of Udine, Italy.

• 260 __ |a Houndmills, Basingstoke, Hampshire : |b Palgrave Macmillan, |c c2014.

• 300 __ |a xiv, 277 pages : |b illustrations ; |c 23 cm.

• 490 1_ |a Palgrave Macmillan Studies in banking and financial institutions.

• 504 __ |a Includes bibliographical references (pages 247-254) and index.

• 505 0_ |a 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.

• 520 __ |a "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. "

• 650 _0 |a Stock exchanges.

• 650 _0 |a Stock exchanges |x Law and legislation.

• 650 _0 |a Securities industry.

• 650 _0 |a Securities.

• 700 1_ |a Polato, Maurizio, |d 1964- |e author.

• 830 _0 |a Palgrave Macmillan studies in banking and financial institutions.

• 920 __ |a 233030 |z 2