Tuesday, April 28, 2015

Financial Market Bottlenecks and the 'Openness' Mandate

Felix Chang, University of Cincinnati has written on Financial Market Bottlenecks and the 'Openness' Mandate. ABSTRACT: Financial market infrastructures (“FMIs”), which facilitate the execution of financial transactions, exhibit such strong economies of scale that they are natural monopolies. In each...

No comments:

Post a Comment