Competition among Exchanges and Enforcement Policy /
In this paper, we explore how competition among stock exchanges, operated as self-regulatory organizations (SROs), affects the design of their members' surveillance. We develop a model where two for-profit SROs compete for trading volume, while brokers execute transactions on behalf of the inve...
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| Другие авторы: | |
| Формат: | Журнал |
| Язык: | English |
| Опубликовано: |
Washington, D.C. :
International Monetary Fund,
2013.
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| Серии: | IMF Working Papers; Working Paper ;
No. 2013/037 |
| Предметы: | |
| Online-ссылка: | Full text available on IMF |