Download or read book The Consolidation of European Stock Exchanges written by James McAndrews and published by . This book was released on 2005 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the growing appeal of cross-border trading in Europe, efforts are under way to establish consolidated exchanges that offer trading in stocks from many European countries. An analysis of these evolving pan-European exchanges suggests that consolidation could reduce the costs and complications of cross-border trading through such enhancements as a standardization of trading platforms. Yet regulatory, legal, and economic barriers to the creation of these exchanges may delay any benefits of consolidation.
Download or read book The Consolidation of European Stock Exchanges written by and published by . This book was released on 2002 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: This issue describes ongoing attempts to set up consolidated European stock exchanges, where stocks from many different European countries can be traded freely. Although the intial link may say "File Not Found" you will be redirected to the URL as shown below.
Download or read book Consolidations Among EU Stock Exchanges written by Julia Stefanova and published by LAP Lambert Academic Publishing. This book was released on 2014-08-26 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: The research paper "Intraregional Cooperation among the Central and Eastern European Stock Exchanges and the Strategic Priorities of the Bulgarian Capital Market" analyzes the current state, the main models for integration and consolidation followed by leading EU stock exchanges and researches the potential for deepening intra-regional cooperation among Central and Eastern Europe (CEE) stock exchanges on the basis of comparative economic analysis and the theory of European financial integration. The research attempts to outline conclusions relating to quantitative and qualitative changes taken place on selected stock exchanges in CEE in the course of their consolidation and to reach assumptions regarding expected changes on the Bulgarian capital market in the course of intensifying its intra-regional integration links to CEE capital markets in conformity with set strategic priorities. The present paper has been awarded second place at national academic competition "Dr. Ivanka Petkova" organized by the Economic Policy Institute in Bulgaria
Download or read book Competition and Integration Among Stock Exchanges in Europe written by Carmine Di Noia and published by . This book was released on 2001 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The economic theory of network externalities and a simple-game theoretical framework are used to explore the issue of competition among stock exchanges and the possibility of consolidation in the European stock-exchange industry, among the different exchanges. The main features of this paper are the following: the treatment of exchanges as firms; the application of network externalities to study competition among exchanges; the extension of network externalities, through implementing 'cross-network' effects; and the existence of equilibria where exchanges may decide, even unilaterally, to achieve full compatibility through implicit mergers and remote access, specializing only in trading or listing services. One implication is that consolidation of European exchanges into one may occur with a welfare-efficient outcome or with a lock-in to a Pareto-inferior equilibrium. This is due to the network externalities and the different starting points of the various exchanges. 'Implicit mergers' among exchanges together with remote access are always weakly (in half of the cases, strictly) more efficient than the actual competition. This finding also sheds light on the existence and efficacy, especially in the U.S., of automated trading systems, which are exchanges specializing in trading services.
Download or read book Exchange Consolidations written by Cally Jordan and published by . This book was released on 2016 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exchange mergers are not a new phenomenon. Domestic and regional exchanges have been consolidating for decades but in March 2007 the trading world changed with the sudden merger of the New York Stock Exchange and Paris-based Euronext. Euronext itself was a consolidation of several European exchanges. However, the NYSE Euronext merger was the big deal, creating, for a time at least, the largest exchange in the world and linking the United States and Europe. The truly global exchange could not be far behind. Over time however, formal exchange consolidations appeared to founder, raising the question as to why some succeeded and others failed. The exchanges were chasing growth across business lines and territorial borders, in the hope that scale and diversification would increase revenue and reduce costs. But profound market changes were nipping at their heels, and in some cases, overtaking the traditional exchange. An exchange merger would not necessarily neutralize a potential competitor; the main competitors to any exchange were no longer other exchanges. This paper is the introductory chapter to a study, funded by the Centre for International Finance and Regulation (Sydney, Australia) which chronicles the major exchange consolidations of the last decade, successful and unsuccessful.
Download or read book The Future of European Stock Markets written by Alasdair Murray and published by . This book was released on 2001 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: The creation of a single market in equities remains one of the EU's unfinished projects. But the author argues against a centralised market and instead, suggests establishing a new and flexible regulatory framework, allowing Europe to compete effectively in the global arena.
Download or read book Europe s Hidden Capital Markets written by Jean-Pierre Casey and published by CEPS. This book was released on 2005 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: Assessing regulatory measures taken at the EU level that impact European bond markets, this book examines the desirability, utility, and feasibility of certain policy measures.
Download or read book Consolidation in the European Financial Industry written by R. Bottiglia and published by Springer. This book was released on 2010-03-02 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: Globalization and the financial crisis highlight the problems caused by worldwide banking organizations and force financial groups to reassess their development strategies. This book discusses the impact of the crisis on the consolidation process in the European financial industry and the need for regulation and financial supervision.
Download or read book Financial Markets and Development written by Alison Harwood and published by . This book was released on 1999 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume brings together market economists, policymakers, development specialists and academics from developed and emerging market economies to examine the underlying causes of the Asian financial crisis and ways of preventing future crises in emerging markets.
Download or read book Stock Exchanges IPO s and Mutual Funds written by Edith Klein and published by Nova Publishers. This book was released on 2005 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: This important and timely new book offers in-depth and cogent analyses of the investment side of financial institutions and services. NYSE and regional trading are examined from 1993-2002. In addition, both competition and stock exchange reforms are studied. Secondary markets, derivatives and governance are the subject of comprehensive reviews. The timely issues of IPO activity, allocation, pricing and liquidity are presented and discussed. Hedge funds and their indices are carefully analysed as are funds of hedge funds. Mutual funds are dealt with within the context of entry decisions.
Download or read book European Financial Systems in the Global Economy written by Beate Reszat and published by John Wiley & Sons. This book was released on 2005-06-24 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: European Financial Systems in the Global Economy provides an overview of sources of finance, types of financial intermediation and financial systems in Europe and their relative importance in the world economy. It describes market mechanisms and prices and gives a broad introduction to the relevant regional financial and monetary issues (including those countries that will join the EU in the future) and makes an ideal primer for those new to the world of finance.
Download or read book Banking Consolidation in the EU written by Rym Ayadi and published by CEPS. This book was released on 2004 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book European Financial Markets and Institutions written by Jakob de Haan and published by Cambridge University Press. This book was released on 2009-01-15 with total page 439 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written for undergraduate and graduate students, this textbook provides a fresh analysis of the European financial system.
Download or read book Global Stock Market Development written by Marcin Kalinowski and published by Routledge. This book was released on 2021-09-27 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the current era of globalised financial markets, the stock market cannot be assessed solely by comparing quantitative features such as the number of listed companies or capitalisation on the stock exchange. This is of secondary importance from an investor's point of view. What is important, however, is how a given stock market behaves towards the environment – whether it is ‘hyperactive’ or ‘excessively lethargic’ in response to information. This book provides an innovative tool for assessing global stock markets. It describes the complex concept of ‘stock market development’ in light of classical and behavioural finance theories and considers both quantitative (the number of listed companies, turnover, etc.) and behavioural aspects (price volatility, the behaviour of fundamental indicators of listed companies). Based on an innovative method for assessing development, the author analyses 130 stock markets, indicating those that are more developed in terms of quantity and behaviour. Ultimately, this enables the assessment of which markets are more or less developed and why. This knowledge, used properly, offers an advantage over other financial market participants, and allows for the comprehensive assessment of individual stock markets, which can support the process of making good investment decisions. The book is an invaluable resource for research fellows and students in economics, particularly the field of finance. It is also addressed to business and stock market practitioners, such as financial market analysts, brokers and investment advisers.
Download or read book The Economics of the Global Stock Exchange Industry written by J. Floreani and published by Springer. This book was released on 2013-11-14 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is an economic analysis of the stock exchange industry. The authors draw on theories from micro- and industrial economics to provide a detailed analysis of the industry structure, the strategic behaviour of key participants and the performance of stock exchanges.
Download or read book The London Stock Exchange written by Ranald Michie and published by OUP Oxford. This book was released on 2001-04-26 with total page 696 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2001, the London Stock Exchange will be 200 years old, though its origins go back a century before that. This book traces the history of the London Stock Exchange from its beginnings around 1700 to the present day, chronicling the challenges and opportunities it has faced, avoided, or exploited over the years. Throughout, the history seeks to blend an understanding of the London Stock Exchange as an institution with that of the securities market of which it was - and is - such an important component. One cannot be examined satisfactorily without the other. Without a knowledge of both, for example, the causes of the 'Big Bang' of 1986 would forever remain a mystery. However, the history of the London Stock Exchange is not just worthy of study for what it reveals about the interaction between institution and market. Such was the importance of the London Stock Exchange that its rise to world dominance before 1914, its decline thereafter, and its renaissance from the mid-1980s, explain a great deal about Britain's own economic performance and the working of the international economy. For the first time a British economic institution of foremost importance is studied throughout its entire history, with regard to the roles played and the constraints under which it operated, and the results evaluated against the background of world economic progress.
Download or read book Doing Business in Europe written by Gabriele Suder and published by SAGE. This book was released on 2011-12-31 with total page 515 pages. Available in PDF, EPUB and Kindle. Book excerpt: Electronic Inspection Copy available for instructors here This new edition of Doing Business in Europe covers all of the key topics covered on European Business courses at both undergraduate and postgraduate level, making it a must-have for students and practitioners alike. Written in a clear and accessible way, this new textbook has been fully revised and updated to take into account recent developments in Europe, changing European Union policies and the resulting business implications. This new edition draws a stronger link between the European business environment and the real business implications facing companies operating in Europe. This easy-to-follow text addresses the challenges and opportunities facing those doing business in Europe, while setting these in a global context. New to this edition: - Expanded coverage of lobbying, SMEs and globalization - New real-life case studies using a wide range of examples from across Europe - Extensive pedagogical features including a glossary, revised discussion questions and more mini case studies An accompanying comprehensive companion website www.sagepub.co.uk/suder2e provides you with full-text journal articles, an Instructor′s Manual, PowerPoint slides and a country-by-country study. The website also provides additional case studies, video material, and a multiple choice testbank for lecturers.
