Running the World's Markets The Governance of Financial Infrastructure

Lee, Ruben

ISBN 10: 0691133530 / ISBN 13: 9780691133539

Editore: Princeton Univ Pr, 2011

450 pages. 9.25x6.25x1.25 inches. In Stock. Codice articolo 0691133530

Riassunto:

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.

Informazioni sull?autore: 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?

Dati bibliografici

Titolo: Running the World's Markets The Governance...
Casa editrice: Princeton Univ Pr
Data di pubblicazione: 2011
Legatura: Hardcover
Condizione: Brand New