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Equity markets and financial stability : regulatory issues

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  • Vincent Fleuriet
  • Catherine Lubochinsky

Abstract

[eng] This article provides an overview of the specific features of equity markets in terms of the consequences of stock market crises, the structural developments underway in these markets, and the importance of regulations for financial stability. It sets out by discussing the difficulties involved in defining the concept of financial stability, and then analyses the regulatory authorities’ responses to the main stock market crises. It then examines, against this backdrop, the issues raised by the growing globalisation of markets and the changes in the transaction process brought about by the dynamics of consolidation and competition among exchanges. . JEL classification : G18, G28, G38

Suggested Citation

  • Vincent Fleuriet & Catherine Lubochinsky, 2006. "Equity markets and financial stability : regulatory issues," Revue d'Économie Financière, Programme National Persée, vol. 82(1), pages 231-240.
    • Handle: RePEc:prs:recofi:ecofi_1767-4603_2006_num_82_1_4454
    DOI: 10.3406/ecofi.2006.4454
    Note: DOI:10.3406/ecofi.2006.4454
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    References listed on IDEAS

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    1. Michael Ehrmann & Marcel Fratzscher & Roberto Rigobon, 2011. "Stocks, bonds, money markets and exchange rates: measuring international financial transmission," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 26(6), pages 948-974, September.
    2. Mr. Garry J. Schinasi, 2004. "Defining Financial Stability," IMF Working Papers 2004/187, International Monetary Fund.
    3. Jean-Marc Suret & Cécile Carpentier, 2003. "Securities Regulation In Canada," CIRANO Project Reports 2003rp-12, CIRANO.
    4. Claudio E. V. Borio & Kostas Tsatsaronis, 2005. "Accounting, prudential regulation and financial stability: elements of a synthesis," BIS Working Papers 180, Bank for International Settlements.
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    More about this item

    JEL classification:

    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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