Arbeitspapier
Stock exchange alliances, access fees and competition
This paper investigates the market consequences of alliance formation among stock exchanges.These alliances enable brokers to match investors internationally at their local market, thereby eliminating the need for brokers to maintain memberships in foreign stock exchanges.We sort out the conditions under which alliance formation increases profits for stock exchanges and brokers, and how changes in fee structures affect investors' participation rates and welfare.Finally, we examine several methods for implementing access fees and their welfare implications.
- ISBN
-
951-686-751-0
- Sprache
-
Englisch
- Erschienen in
-
Series: Bank of Finland Discussion Papers ; No. 22/2001
- Klassifikation
-
Wirtschaft
- Thema
-
stock exchange alliances
access fees
competition among stock exchanges
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Shy, Oz
Tarkka, Juha
- Ereignis
-
Veröffentlichung
- (wer)
-
Bank of Finland
- (wo)
-
Helsinki
- (wann)
-
2001
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Shy, Oz
- Tarkka, Juha
- Bank of Finland
Entstanden
- 2001
Ähnliche Objekte (12)
Debit card interchange fees generally lead to cash-promoting cross-subsidisation
Competition in Finnish banking: Two tests
Standard setting and competition in securities settlement
Consumption and uncertain access to the asset market
Model-based regulation and firms' access to finance
Competition and regulation in European retail payment systems
Testing for competition in banking: Behavioral evidence from Finland
Technological transformation and retail banking competition: Implications and measurement
Technological transformation and nonbank competition in a model of retail banking oligopoly
Fixed rate loan contracts, maturity transformation and competition in the deposit market
The effects of competition on banks' risk taking with and without deposit insurance
Stress test precision and bank competition
Debit card interchange fees generally lead to cash-promoting cross-subsidisation
Competition in Finnish banking: Two tests
Standard setting and competition in securities settlement
Consumption and uncertain access to the asset market
Model-based regulation and firms' access to finance
Competition and regulation in European retail payment systems
Testing for competition in banking: Behavioral evidence from Finland
Technological transformation and retail banking competition: Implications and measurement
Technological transformation and nonbank competition in a model of retail banking oligopoly
Fixed rate loan contracts, maturity transformation and competition in the deposit market
The effects of competition on banks' risk taking with and without deposit insurance
Stress test precision and bank competition
Debit card interchange fees generally lead to cash-promoting cross-subsidisation
Competition in Finnish banking: Two tests
Standard setting and competition in securities settlement
Consumption and uncertain access to the asset market
Model-based regulation and firms' access to finance
Competition and regulation in European retail payment systems
Testing for competition in banking: Behavioral evidence from Finland
Technological transformation and retail banking competition: Implications and measurement
Technological transformation and nonbank competition in a model of retail banking oligopoly
Fixed rate loan contracts, maturity transformation and competition in the deposit market
The effects of competition on banks' risk taking with and without deposit insurance