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M 40
Mattli, Walter,.
Darkness by design : : the hidden power in global capital markets / / Walter Mattli. - Princeton : : Princeton University Press,, 2019. - 1 online resource : : il. - URL: https://library.dvfu.ru/lib/document/SK_ELIB/F907A244-2CA8-4CFE-8B88-81AE3D320A3E. - ISBN 9780691185699 (electronic bk.). - ISBN 0691185697 (electronic bk.)
Параллельные издания: Print version: :
Содержание:
Cover; Title; Copyright; Dedication; CONTENTS; Figures and Tables; 1 Introduction; A Deeply Puzzling Market Transformation; Power Politics and Market Governance; 2 The Puzzling Transformation of Capital Market Structure: From Gradual Concentration to Sudden Fragmentation; The Evolution of the Market Organization and Its Body Politic; The Transformation of Power Relationships among Members; The Impact of Power Asymmetry; Implications; Appendix; 3 Good Governance in Centralized Markets: The Old NYSE; The Market Makers: Functions and Obligations; Market Surveillance; Rule Enforcement
Market Performance and QualityMoving into the Twenty-First Century; 4 Stratification in Modern Trading: The Haves and Have-Nots; Speed; Globalization, Financial Innovation, and Stratification; 5 Bad Governance in Fragmented Markets; Weakened Market-Making Obligations; Information Asymmetry: Trading Data; Information Asymmetry:Market Microstructure; Darkness; Failing Market Surveillance; Implications; Appendix; 6 Conclusion: The Way Forward; Market Transparency; Leveling the Playing Field; Proper Accountability for Market Disruption and Bad Governance; Consolidation; Acknowledgments
Appendix: Market Governance: A Theoretical Background NoteA Political Organization Approach in Relation to Other Theories; Behavioral Assumption: Opportunism; Glossary; Notes; Bibliography; Index
~РУБ DDC 332.042
Рубрики: International finance.
Capital market.
International economic relations.
BUSINESS & ECONOMICS / Finance.
POLITICAL SCIENCE / Political Economy
Capital market.
International economic relations.
International finance.
Аннотация: An exposé of fragmented trading platforms, poor governance, and exploitative practices in today's capital marketsCapital markets have undergone a dramatic transformation in the past two decades. Algorithmic high-speed supercomputing has replaced traditional floor trading and human market makers, while centralized exchanges that once ensured fairness and transparency have fragmented into a dizzying array of competing exchanges and trading platforms. Darkness by Design exposes the unseen perils of market fragmentation and "dark" markets, some of which are deliberately designed to enable the transfer of wealth from the weak to the powerful.Walter Mattli traces the fall of the traditional exchange model of the NYSE, the world's leading stock market in the twentieth century, showing how it has come to be supplanted by fragmented markets whose governance is frequently set up to allow unscrupulous operators to exploit conflicts of interest at the expense of an unsuspecting public. Market makers have few obligations, market surveillance is neglected or impossible, enforcement is ineffective, and new technologies are not necessarily used to improve oversight but to offer lucrative preferential market access to select clients in ways that are often hidden. Mattli argues that power politics is central in today's fragmented markets. He sheds critical light on how the redistribution of power and influence has created new winners and losers in capital markets and lays the groundwork for sensible reforms to combat shady trading schemes and reclaim these markets for the long-term benefit of everyone.Essential reading for anyone with money in the stock market, Darkness by Design challenges the conventional view of markets and reveals the troubling implications of unchecked market power for the health of the global economy and society as a whole.
M 40
Mattli, Walter,.
Darkness by design : : the hidden power in global capital markets / / Walter Mattli. - Princeton : : Princeton University Press,, 2019. - 1 online resource : : il. - URL: https://library.dvfu.ru/lib/document/SK_ELIB/F907A244-2CA8-4CFE-8B88-81AE3D320A3E. - ISBN 9780691185699 (electronic bk.). - ISBN 0691185697 (electronic bk.)
Параллельные издания: Print version: :
Содержание:
Cover; Title; Copyright; Dedication; CONTENTS; Figures and Tables; 1 Introduction; A Deeply Puzzling Market Transformation; Power Politics and Market Governance; 2 The Puzzling Transformation of Capital Market Structure: From Gradual Concentration to Sudden Fragmentation; The Evolution of the Market Organization and Its Body Politic; The Transformation of Power Relationships among Members; The Impact of Power Asymmetry; Implications; Appendix; 3 Good Governance in Centralized Markets: The Old NYSE; The Market Makers: Functions and Obligations; Market Surveillance; Rule Enforcement
Market Performance and QualityMoving into the Twenty-First Century; 4 Stratification in Modern Trading: The Haves and Have-Nots; Speed; Globalization, Financial Innovation, and Stratification; 5 Bad Governance in Fragmented Markets; Weakened Market-Making Obligations; Information Asymmetry: Trading Data; Information Asymmetry:Market Microstructure; Darkness; Failing Market Surveillance; Implications; Appendix; 6 Conclusion: The Way Forward; Market Transparency; Leveling the Playing Field; Proper Accountability for Market Disruption and Bad Governance; Consolidation; Acknowledgments
Appendix: Market Governance: A Theoretical Background NoteA Political Organization Approach in Relation to Other Theories; Behavioral Assumption: Opportunism; Glossary; Notes; Bibliography; Index
Рубрики: International finance.
Capital market.
International economic relations.
BUSINESS & ECONOMICS / Finance.
POLITICAL SCIENCE / Political Economy
Capital market.
International economic relations.
International finance.
Аннотация: An exposé of fragmented trading platforms, poor governance, and exploitative practices in today's capital marketsCapital markets have undergone a dramatic transformation in the past two decades. Algorithmic high-speed supercomputing has replaced traditional floor trading and human market makers, while centralized exchanges that once ensured fairness and transparency have fragmented into a dizzying array of competing exchanges and trading platforms. Darkness by Design exposes the unseen perils of market fragmentation and "dark" markets, some of which are deliberately designed to enable the transfer of wealth from the weak to the powerful.Walter Mattli traces the fall of the traditional exchange model of the NYSE, the world's leading stock market in the twentieth century, showing how it has come to be supplanted by fragmented markets whose governance is frequently set up to allow unscrupulous operators to exploit conflicts of interest at the expense of an unsuspecting public. Market makers have few obligations, market surveillance is neglected or impossible, enforcement is ineffective, and new technologies are not necessarily used to improve oversight but to offer lucrative preferential market access to select clients in ways that are often hidden. Mattli argues that power politics is central in today's fragmented markets. He sheds critical light on how the redistribution of power and influence has created new winners and losers in capital markets and lays the groundwork for sensible reforms to combat shady trading schemes and reclaim these markets for the long-term benefit of everyone.Essential reading for anyone with money in the stock market, Darkness by Design challenges the conventional view of markets and reveals the troubling implications of unchecked market power for the health of the global economy and society as a whole.
2.
Подробнее
T 44
The handbook of China's financial system / / [edited by] Marlene Amstad, Guofeng Sun, and Wei Xiong. - Princeton : : Princeton University Press,, [2020]. - 1 online resource (ix, 492 pages) : : il. - Includes bibliographical references and index. - URL: https://library.dvfu.ru/lib/document/SK_ELIB/74B1FCA2-5870-458B-B920-4F1629DF214E. - ISBN 0691205841 (electronic book). - ISBN 9780691205847 (electronic bk.)
Description based on online resource; title from digital title page (viewed on September 09, 2020).
Параллельные издания: Print version: : The handbook of China's financial system. - Princeton : Princeton University Press, 2020. - ISBN 9780691205731
Содержание:
Cover -- Contents -- Foreword -- Introduction -- PART 1. BANKING AND MONETARY POLICY -- 1. Banking Institutions and Banking Regulations -- 2. Monetary Policy Framework and Transmission Mechanisms -- 3. Monetary Policy Instruments -- 4. China's Interest Rate Liberalization -- PART 2. BOND AND MONEY MARKETS -- 5. Chinese Bond Markets and Interbank Market -- PART 3. FINANCIAL SYSTEM AND THE REAL ECONOMY -- 6. Macroeconomic Effects of China's Financial Policies -- 7. China's Real Estate Market -- 8. Infrastructure Financing -- PART 4. ONGOING REFORMS
9. RMB Internationalization: Past, Present, and Prospect -- 10. China's Capital Account Liberalization: A Ruby Jubilee and Beyond -- PART 5. STOCK MARKET -- 11. The Development of the Chinese Stock Market -- 12. Corporate Governance in China -- 13. The Accounting System in China -- PART 6. ASSET MANAGEMENT -- 14. Investment Funds in China -- 15. China's Venture Capital Market -- PART 7. PENSION SYSTEM -- 16. The Chinese Pension System -- PART 8. NEW DEVELOPMENTS -- 17. Fintech Development -- Editors and Contributors -- Index
~РУБ DDC 332.10951
Рубрики: Banks and banking--China.
Monetary policy--China.
Finance--China.
Capital market--China.
Banks and banking.
Capital market.
Economic policy.
Finance.
Monetary policy.
BUSINESS & ECONOMICS / International / Economics
China--Economic policy, 1976-2000.
China--Economic policy, 2000-
China.
Аннотация: "The Chinese economy is now easily one of the most important and closely scrutinized economies in the world. Relatively minuscule changes in predictions of how the Chinese economy will perform can drive up or down stocks and the price of oil and other commodities. At the heart of how the Chinese economy works is its financial system-but the Chinese financial system is vastly different than most people in the West can understand. How do house prices work, for example, in a country where the very concept of property ownership is significantly different than our own? This edited volume will serve as a standard reference guide to China's financial system. With eighteen chapters, the handbook features overviews on the banking sector-the core of China's financial system and the key channel for implementing China's monetary policy-China's ongoing reforms, and the quickly growing bond and money markets, among other topics. Each chapter is written by a leading expert in the field, and as a whole the list of contributors represents an impressive mix of leading scholars and high-level policy officials, some with first-hand knowledge of setting and carrying out Chinese financial policy. The handbook will serve as the first real authoritative volume of literature in the field, and will shed extensive new light on the links between China's financial system and the real economy"--
Доп.точки доступа:
Amstad, Marlene, \editor.\
Sun, Guofeng, (1972-) \editor.\
Xiong, Wei, (1971-) \editor.\
T 44
The handbook of China's financial system / / [edited by] Marlene Amstad, Guofeng Sun, and Wei Xiong. - Princeton : : Princeton University Press,, [2020]. - 1 online resource (ix, 492 pages) : : il. - Includes bibliographical references and index. - URL: https://library.dvfu.ru/lib/document/SK_ELIB/74B1FCA2-5870-458B-B920-4F1629DF214E. - ISBN 0691205841 (electronic book). - ISBN 9780691205847 (electronic bk.)
Description based on online resource; title from digital title page (viewed on September 09, 2020).
Параллельные издания: Print version: : The handbook of China's financial system. - Princeton : Princeton University Press, 2020. - ISBN 9780691205731
Содержание:
Cover -- Contents -- Foreword -- Introduction -- PART 1. BANKING AND MONETARY POLICY -- 1. Banking Institutions and Banking Regulations -- 2. Monetary Policy Framework and Transmission Mechanisms -- 3. Monetary Policy Instruments -- 4. China's Interest Rate Liberalization -- PART 2. BOND AND MONEY MARKETS -- 5. Chinese Bond Markets and Interbank Market -- PART 3. FINANCIAL SYSTEM AND THE REAL ECONOMY -- 6. Macroeconomic Effects of China's Financial Policies -- 7. China's Real Estate Market -- 8. Infrastructure Financing -- PART 4. ONGOING REFORMS
9. RMB Internationalization: Past, Present, and Prospect -- 10. China's Capital Account Liberalization: A Ruby Jubilee and Beyond -- PART 5. STOCK MARKET -- 11. The Development of the Chinese Stock Market -- 12. Corporate Governance in China -- 13. The Accounting System in China -- PART 6. ASSET MANAGEMENT -- 14. Investment Funds in China -- 15. China's Venture Capital Market -- PART 7. PENSION SYSTEM -- 16. The Chinese Pension System -- PART 8. NEW DEVELOPMENTS -- 17. Fintech Development -- Editors and Contributors -- Index
Рубрики: Banks and banking--China.
Monetary policy--China.
Finance--China.
Capital market--China.
Banks and banking.
Capital market.
Economic policy.
Finance.
Monetary policy.
BUSINESS & ECONOMICS / International / Economics
China--Economic policy, 1976-2000.
China--Economic policy, 2000-
China.
Аннотация: "The Chinese economy is now easily one of the most important and closely scrutinized economies in the world. Relatively minuscule changes in predictions of how the Chinese economy will perform can drive up or down stocks and the price of oil and other commodities. At the heart of how the Chinese economy works is its financial system-but the Chinese financial system is vastly different than most people in the West can understand. How do house prices work, for example, in a country where the very concept of property ownership is significantly different than our own? This edited volume will serve as a standard reference guide to China's financial system. With eighteen chapters, the handbook features overviews on the banking sector-the core of China's financial system and the key channel for implementing China's monetary policy-China's ongoing reforms, and the quickly growing bond and money markets, among other topics. Each chapter is written by a leading expert in the field, and as a whole the list of contributors represents an impressive mix of leading scholars and high-level policy officials, some with first-hand knowledge of setting and carrying out Chinese financial policy. The handbook will serve as the first real authoritative volume of literature in the field, and will shed extensive new light on the links between China's financial system and the real economy"--
Доп.точки доступа:
Amstad, Marlene, \editor.\
Sun, Guofeng, (1972-) \editor.\
Xiong, Wei, (1971-) \editor.\
Page 1, Results: 2