The Future of Financial Markets [Hardcover]

This book provides a comprehensive review of the prospects for financial markets in the face of rapid technological development and international integration. It offers a revolutionary perspective, exploring the challenges for regulators and demonstrating a network economics approach to explain the failure of e-money to develop.List of Tables List of Figures Preface Acknowledgements Introduction The Payment System: Structure, Efficiency, Innovation and Regulation Technical Efficiency in Stock Markets Securities Settlement Systems E-Money: An Addendum References IndexIFTEKHAR HASAN Cary L. Washington Professor at the Lally School of Management and Technology, Rensselaer Polytechnic Institute, USATIMO LIVARINEN Financial Markets and Statistics Department, Bank of Finland, FinlandKARLO KAUKO Financial Markets and Statistics Department, Bank of Finland, FinlandKARI KEMPPAINEN Financial Markets and Statistics Department, Bank of Finland, FinlandTANAI KHIANONARONG Bank of Thailand, ThailandKARI KORHONEN Financial Markets and Statistics Department, Bank of Finland, FinlandHARRY LEINONEN Advisor to the Board, Bank of Finland, FinlandMARKKU MALKAM?KI Pohjola, FinlandALISTAIR MILNE Senior Lecturer in Banking, Cass Business School, City University, UKKIRSI RIPATTI Financial Markets and Statistics Department, Bank of Finland, FinlandHEIKO SCHMIEDEL European Central Bank, GermanyOZ SHY Professor, Department of Economics, University of Haifa, IsraelJUHA TARKKA Advisor to the Board, Bank of Finland, FinlandJUKKA TOPI Financial Markets and Statistics Department, Bank of Finland, Finland