This annual series from the Brookings Institution and the Financial Institutions Center at the Wharton School provides timely and insightful analyses of the financial services industry. Contents: The Future of Securities Exchangeqs Ruben Lee The Structure of the U.S. Equity Markets Marshall E. Blume Changes in the Ownership and Governance of Securities Exchanges: Causes and Consequences Benn Steil Wall Street's Credibility Problem: Misaligned Incentives and Dubious Fixes? Leslie Boni and Kent L. Womack The Immediacy Implications of Exchange Organization James T. Moser The Future of Stock Exchanges in Emerging Economies: Evolution and Prospects Stijn Claessens, Daniela Kingebiel, and Sergio L. Schmukler ISDA, NASD, CFMA, and SDNY: The Four Horsemen of Derivatives Regulation? Frank Partnoy The Future of the Foreign Exchange Market Richard K. Lyons The Future of the New Issues Market Jay R. Ritter Implications of Auction Theory for New Issues Markets Lawrence M. Asubelresearch. is. going. to. be. paid for. Institutions havena#39;t paid for it in twenty-eight years, and I dona#39;t know that they are going ... investment bank told us that independent research firms will never be able to retain or compete for the best analysts:anbsp;...
|Title||:||Brookings-Wharton Papers on Financial Services, 2002|
|Author||:||Robert E. Litan, Richard Herring|
|Publisher||:||Brookings Institution Press - 2010-12-01|