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Running the World's Markets : The Governance of Financial Infrastructure / Ruben Lee.

By: Material type: TextTextPublisher: Princeton, NJ : Princeton University Press, [2010]Copyright date: ©2011Edition: Course BookDescription: 1 online resource (472 p.) : 25 halftones. 21 tablesContent type:
Media type:
Carrier type:
ISBN:
  • 9780691133539
  • 9781400836970
Subject(s): DDC classification:
  • 332.1068 23
LOC classification:
  • HG4551 .L343 2017
Other classification:
  • online - DeGruyter
Online resources: Available additional physical forms:
  • Issued also in print.
Contents:
Frontmatter -- Contents -- Foreword and Acknowledgments -- Acronyms -- Introduction -- Part One: Background Information and Analysis -- Chapter One. Definitions -- Chapter Two. Market Power -- Part Two: Survey Evidence -- Chapter Three. The Allocation of Regulatory Powers over Securities Markets -- Chapter Four. Regulation and Governance of Market Infrastructure Institutions: Global Perspective -- Chapter Five. Governance of Market Infrastructure Institutions: A Snapshot -- Part Three: Case Studies -- Chapter Six. Exchanges -- Chapter Seven. CCPs and CSDs -- Part Four: Policy Analysis and Recommendations -- Chapter Eight. What Is the Most Efficient Governance Structure? -- Chapter Nine. Who Should Regulate What? -- Chapter Ten. How Should Market Infrastructure Institution -- Authorities -- Cases and Decisions -- Notes -- References -- Contributors -- Index
Summary: The efficiency, safety, and soundness of financial markets depend on the operation of core infrastructure--exchanges, central counter-parties, and central securities depositories. How these institutions are governed critically affects their performance. Yet, despite their importance, there is little certainty, still less a global consensus, about their governance. Running the World's Markets examines how markets are, and should be, run. Utilizing a wide variety of arguments and examples from throughout the world, Ruben Lee identifies and evaluates the similarities and differences between exchanges, central counter-parties, and central securities depositories. Drawing on knowledge and experience from various disciplines, including business, economics, finance, law, politics, and regulation, Lee employs a range of methodologies to tackle different goals. Conceptual analysis is used to examine theoretical issues, survey evidence to describe key aspects of how market infrastructure institutions are governed and regulated globally, and case studies to detail the particular situations and decisions at specific institutions. The combination of these approaches provides a unique and rich foundation for evaluating the complex issues raised. Lee analyzes efficient forms of governance, how regulatory powers should be allocated, and whether regulatory intervention in governance is desirable. He presents guidelines for identifying the optimal governance model for any market infrastructure institution within the context of its specific environment. Running the World's Markets provides a definitive and peerless reference for how to govern and regulate financial markets.
Holdings
Item type Current library Call number URL Status Notes Barcode
eBook eBook Biblioteca "Angelicum" Pont. Univ. S.Tommaso d'Aquino Nuvola online online - DeGruyter (Browse shelf(Opens below)) Online access Not for loan (Accesso limitato) Accesso per gli utenti autorizzati / Access for authorized users (dgr)9781400836970

Frontmatter -- Contents -- Foreword and Acknowledgments -- Acronyms -- Introduction -- Part One: Background Information and Analysis -- Chapter One. Definitions -- Chapter Two. Market Power -- Part Two: Survey Evidence -- Chapter Three. The Allocation of Regulatory Powers over Securities Markets -- Chapter Four. Regulation and Governance of Market Infrastructure Institutions: Global Perspective -- Chapter Five. Governance of Market Infrastructure Institutions: A Snapshot -- Part Three: Case Studies -- Chapter Six. Exchanges -- Chapter Seven. CCPs and CSDs -- Part Four: Policy Analysis and Recommendations -- Chapter Eight. What Is the Most Efficient Governance Structure? -- Chapter Nine. Who Should Regulate What? -- Chapter Ten. How Should Market Infrastructure Institution -- Authorities -- Cases and Decisions -- Notes -- References -- Contributors -- Index

restricted access online access with authorization star

http://purl.org/coar/access_right/c_16ec

The efficiency, safety, and soundness of financial markets depend on the operation of core infrastructure--exchanges, central counter-parties, and central securities depositories. How these institutions are governed critically affects their performance. Yet, despite their importance, there is little certainty, still less a global consensus, about their governance. Running the World's Markets examines how markets are, and should be, run. Utilizing a wide variety of arguments and examples from throughout the world, Ruben Lee identifies and evaluates the similarities and differences between exchanges, central counter-parties, and central securities depositories. Drawing on knowledge and experience from various disciplines, including business, economics, finance, law, politics, and regulation, Lee employs a range of methodologies to tackle different goals. Conceptual analysis is used to examine theoretical issues, survey evidence to describe key aspects of how market infrastructure institutions are governed and regulated globally, and case studies to detail the particular situations and decisions at specific institutions. The combination of these approaches provides a unique and rich foundation for evaluating the complex issues raised. Lee analyzes efficient forms of governance, how regulatory powers should be allocated, and whether regulatory intervention in governance is desirable. He presents guidelines for identifying the optimal governance model for any market infrastructure institution within the context of its specific environment. Running the World's Markets provides a definitive and peerless reference for how to govern and regulate financial markets.

Issued also in print.

Mode of access: Internet via World Wide Web.

In English.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021)