Regulating Competition in Stock Markets: Antitrust Measures to Promote Fairness and Transparency Through Investor Protection and Crisis Prevention - Rilegato

Rilegato

ISBN 10: 1118094816 ISBN 13: 9781118094815

Casa editrice: John Wiley & Sons Inc, 2012

Riassunto

A guide to curbing monopoly power in stock markets

Engaging and informative, Regulating Competition in Stock Markets skillfully analyzes the impact of the recent global financial crisis on health and happiness, and uses this opportunity to put regulatory systems in perspective. Happiness is lost because of emotional and physical health deterioration resulting from the crisis. Therefore, the authors conclude that financial crisis prevention should be the focus of public policy.

This book is the most comprehensive study so far on potential risks to the stock market, especially various forms of market manipulation that lead to mania and eventual crisis. Based on litigation cases from international stock markets, and borrowing multidisciplinary findings in the fields of finance, economics, accounting, media studies, criminology, legal studies, psychology, and medicine, this book is the first to provide thorough micro-level regulatory proposals rooted in financial reality. By focusing on securities trading, they apply antitrust measures to limiting monopolistic power that is used for the manipulation of investors' perception and monopolistic profit. These proposals are quantifiable, adjustable, inexpensive, and can be easily implemented by any securities regulating agency for real-time oversight and daily operations.

• The recommendations found here are intended to improve the fairness and transparency of the financial markets, thereby perfecting the market competition, protecting investors, stabilizing the market, and preventing crises
• Explores how avoiding crises can to contribute to a more scientific, health aware, and civilized economic and social development
• Written by a team of authors who have extensive experience in this dynamic field, including Nobel Laureate Lawrence R. Klein

Since the founding of the first, organized stock exchange in Amsterdam 400 years ago, no systematic economic research results on stock markets have been implemented in stock market regulation around the world. Regulating Competition in Stock Markets aims to fill this void.

Su questo libro

L'autore:

LAWRENCE R. KLEIN is Benjamin Franklin Professor Emeritus of Economics at the University of Pennsylvania and a Nobel laureate in Economics. He's published widely and is the intellectual father of Project LINK, a global consortium of national economic forecasting established in 1969 and coordinated in part by the United Nations Department of Economic and Social Affairs. Klein received a PhD in economics from the Massachusetts Institute of Technology.

Viktoria Dalko is a JoAnne Fussa Distinguished Teacher of the Graduate Program in Management, Harvard University Extension School, and a Global Professor of Finance at Hult International Business School in Boston, Dubai, London, San Francisco, and Shanghai. Dalko received a PhD in economics from the University of Pennsylvania.

Michael H. Wang is cofounder, Vice President, and Director of Research of the Boston-based think tank Research Institute of Comprehensive Economics. Wang obtained a PhD in mechanical engineering from the University of Illinois at Urbana-Champaign.

Dalla seconda/terza di copertina:

In addition to the material losses sustained during the most recent financial crisis, the impact of this event was felt in many other ways. The loss of predictability, combined with rising uncertainties in times of financial crisis, resulted in an array of social and emotional burdens to individuals that eventually eroded their physical and mental health. In the process, their happiness was also negatively affected.

With this in mind, the editors of Regulating Competition in Stock Markets set out to show how we are truly affected by the functioning of the financial system. What they discuss here is essential, if we intend on understanding how financial crises shape us and what it will take to achieve a more fair, transparent, and competitive market equilibrium moving forward.

Engaging and informative, Regulating Competition in Stock Markets provides the first diagnosis of how well the financial system, and the stock market in particular, fits into the current social trend of health and happiness. The study on which it is basedwhich includes a collection of semi-annual survey responses from the spring of 2008 to the spring of 2010 from hundreds of business professionals and former graduate studentsreveals that the global financial crisis has had a measurable and detrimental impact on health and happiness. With this established, the editors have taken the opportunity to examine the stock market as a primary example of a financial market and study from where these problems originate.

Throughout these pages, they focus on the characteristics that may cause unfair losses to investors, market instability, and financial crisis, as these elements are closely linkedfrom a financial standpointto the loss of human health and happiness. They identify certain monopolistic practices, especially as monopoly power is exercised through market manipulation, as the key source of these problems. Along the way, they also highlight systemic risk factors to financial markets and present potential regulatory proposals to prevent the utilization of monopoly power in illegal or unfair trading practiceswith the goal of investor protection and crisis prevention.

Divided into two comprehensive parts, this valuable resource addresses some of the most important issues in this field, with empirical analysis of the impact of financial crises on health and happiness to hundreds of securities litigation cases from around the world that provide solid evidence of both trade- and information-based market manipulation.

While financial crises remain hard to predict, their international impact is clear.Regulating Competition in Stock Markets is an important step in attempting to prevent future market crises and improving the health and happiness of our society as a whole.

Su questa edizione

• Editore: John Wiley & Sons Inc
• Data di pubblicazione: 2012
• ISBN 10: 1118094816
• ISBN 13: 9781118094815
• Rilegatura: Copertina rigida
• Numero di pagine: 334
• Redattore: Klein Lawrence R., Dalko Viktoria, Wang Michael H.