9780415828819: Competition Law and Financial Services
Rilegato
ISBN 10: 0415828813 ISBN 13: 9780415828819
Casa editrice: Routledge, 2014

Sinossi

Competition law underpins the market economy by prohibiting anti-competitive agreements and practices, and the abuse of dominant positions in the market. Until the financial crisis it was widely assumed that the financial services industry was highly competitive. This book explores the extent to which this is the case.

By analysing crisis and pre-crisis competition law cases and examples from the UK, the EU and around the world, David Harrison asks whether there exists good reason for financial services to be treated differently from the rest of the market economy. The theory of market efficiency is not borne out in practice. He particularly draws upon John Maynard Keynes in examining the differences between price mechanisms in product markets for "normal" goods, and price mechanisms in financial and investment markets where expectations of the future tend to play a greater role, leading to greater price fluctuations.

In this evaluation, the book examines aspects of the practical functioning of capital markets such as the phenomenon of herding behaviour by financial participants, how short-term behaviour by intermediaries can be to the disadvantage of savers and productive investment, the relationship between investment markets and product markets and the extent to which the same competition rules apply to undertakings involved in both. The book will be invaluable to students, researchers and practitioners of banking and finance law, and commercial and competition law.

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Informazioni sull?autore

David Harrison is Senior Counsel specialising in EU/competition law at DAC Beachcroft LLP. He has a background in economic and financial public policy issues, and has been speechwriter for the Foreign Secretary and the President of the European Bank for Reconstruction and Development. He is author of The Organisation of Europe (Routledge, 1995).

Le informazioni nella sezione "Su questo libro" possono far riferimento a edizioni diverse di questo titolo.

Editore
Routledge
Data di pubblicazione
2014
Lingua
Inglese
ISBN 10 
0415828813
ISBN 13 
9780415828819
Rilegatura
Copertina rigida
Numero edizione
1
Numero di pagine
130
Contatto del produttore
non disponibile
Persona responsabile
gpsr@libri.de
gpsr@libri.de

Friedensallee 273
Hamburg
22763
Germania

Altre edizioni note dello stesso titolo

9781138201972: Competition Law and Financial Services

Edizione in evidenza

ISBN 10:  1138201979 ISBN 13:  9781138201972
Casa editrice: Routledge, 2016
Brossura