The Industrial Organization and
Regulation of the Securities Industry

Edited by Andrew W. Lo. 1995. Chicago: University of Chicago Press.
376 p., 51 line drawings, 44 tables. NBER-C 1996. Cloth $59.95 sp 0-226-48847-0

You may purchase this title at these bookstores. To order direct from the publisher, please retrieve the order form. Outside the USA, consult their international information page.

TABLE OF CONTENTS: [ Page 1 | Page 2 ]

(Excerpt from the U of Chicago Press)

The regulation of financial markets has for years been the domain of lawyers, legislators, and lobbyists. In this unique volume, experts in industrial organization, finance, and law, as well as members of regulatory agencies and the securities industry, examine the securities industry from an economic viewpoint.

Ten original essays address topics including electronic trading and the "virtual"stock exchange; trading costs and liquidity on the London and Tokyo Stock Exchanges and in the German and Japanese government bond markets; international coordination among regulatory agencies; and the impact of changing margin requirements on stock prices, volatility, and liquidity.