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Running the World's Markets: The Governance of Financial Infrastructure - Couverture rigide

Lee, Ruben

 
9780691133539: Running the World's Markets: The Governance of Financial Infrastructure
Couverture rigide
ISBN 10 : 0691133530 ISBN 13 : 9780691133539
Editeur : Princeton University Press, 2011

Synopsis

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.

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À propos de l'auteur

Ruben Lee is CEO of Oxford Finance Group. He was a fellow of Nuffield College, University of Oxford, and worked for Salomon Brothers International. He is the author of What is an Exchange?

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Princeton University Press
Date d'édition
2011
Langue
anglais
ISBN 10 
0691133530
ISBN 13 
9780691133539
Reliure
Relié
Nombre de pages
472
Coordonnées du fabricant
non disponible
Personne responsable
non disponible