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Competition Between Stock Exchanges: A Survey

Author

Listed:
  • Sofia B. Ramos

    (HEC Lausanne, FAME and CEMAF/ISCTE)

Abstract

This paper offers a systematized and updated view of competition between exchanges. It is divided in two parts: In the first part, we describe the recent reforms in stock exchanges and the main forces driving the development of competition. The second part surveys research done on stock exchanges.

Suggested Citation

  • Sofia B. Ramos, 2003. "Competition Between Stock Exchanges: A Survey," FAME Research Paper Series rp77, International Center for Financial Asset Management and Engineering.
    • Handle: RePEc:fam:rpseri:rp77
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    File URL: http://www.swissfinanceinstitute.ch/rp77.pdf
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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Michel Didier, 2006. "The importance of stock markets for the future of financial centres," Revue d'Économie Financière, Programme National Persée, vol. 82(1), pages 107-111.
    2. Alina Rydzewska, 2016. "Contemporary Nature Of Stock Exchange In View Of The Process Of Demutualization," Oeconomia Copernicana, Institute of Economic Research, vol. 7(1), pages 49-62, March.
    3. Hautcoeur Pierre-Cyrille & Riva Angelo E., 2013. "What Financiers Usually Do, and What We Can Learn from History," Accounting, Economics, and Law: A Convivium, De Gruyter, vol. 3(3), pages 313-331, April.
    4. William O. Brown, Jr. & J. Harold Mulherin & Marc D. Weidenmier, 2006. "Competing With the NYSE," NBER Working Papers 12343, National Bureau of Economic Research, Inc.
    5. Kathryn L Dewenter & Xi Han & Jennifer L Koski, 2018. "Who Wins When Exchanges Compete?* Evidence from Competition after Euro Conversion [Equity returns and integration: is Europe changing?]," Review of Finance, European Finance Association, vol. 22(6), pages 2037-2071.
    6. M. Kabir Hassan & Jung Suk-Yu, 2007. "Stock Exchange Alliances in Organization of Islamic Conferences (OIC) Countries," NFI Working Papers 2007-WP-18, Indiana State University, Scott College of Business, Networks Financial Institute.
    7. Dewenter, Kathryn L. & Kim, Chang-Soo & Novaes, Walter, 2010. "Anatomy of a regulatory race to the top: Changes in delisting rules at Korea's two stock exchanges, 1999-2002," Journal of Corporate Finance, Elsevier, vol. 16(4), pages 456-468, September.
    8. Michel Didier, 2006. "L'importance des marchés boursiers pour l'avenir des places financières," Revue d'Économie Financière, Programme National Persée, vol. 82(1), pages 117-121.

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    More about this item

    Keywords

    Stock Exchanges; Reforms; ECNs; Mergers; Demutualization; Cross-Listing;
    All these keywords.

    JEL classification:

    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other

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