English, Article edition: International market structure: global problems and micro solutions Michael S. Pagano

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/28453
Physical Description
  • article
Language
  • English

Edition details

Title
  • International market structure: global problems and micro solutions
Author
  • Michael S. Pagano
Physical Description
  • article
Notes
  • Purpose – The purpose of this paper is to present new empirical evidence on global trends in equity-related transaction costs and trading volume, as well as to highlight recent research in international market microstructure. Design/​methodology/​approach – Estimates of brokerage commissions, indirect trading costs, and trading volume are obtained from a comprehensive institutional investor database. Quarterly data are used to compute trends in transaction costs and trading volume, as well as shifts in trading between mature and emerging markets. Findings – The results indicate a steady decline in brokerage commissions around the world but indirect trading costs appear to have reached a plateau. The fastest growth in trading volume can be found in the emerging markets of South America but the USA leads the way in terms of the steepest reductions in transaction costs. Research limitations/​implications – The paper relies on one source of transaction cost estimates over a relatively short period (March 2005-December 2007). Originality/​value – The paper provides comprehensive and current empirical evidence on important trends in international market microstructure.
  • International business, Market system, Structures, Trade
  • RePEc:eme:ijmfpp:v:5:y:2009:i:1:p:5-15
Language
  • English
Contributed by
OAIster

Get this edition

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment