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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Bibliografiske detaljer
Hovedforfatter: Caglio, Cecilia
Andre forfattere: Pescatori, Andrea
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 2013.
Serier:IMF Working Papers; Working Paper ; No. 2013/037
Fag:
Online adgang:Full text available on IMF

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