The Future Prospects for National Financial Markets and Trading Centres

Charles Gaa, Stephen Lumpkin, Robert Ogrodnick and Peter Thurlow

Staff Working Papers from Bank of Canada

Abstract: This paper investigates the effects of the continuation of globalization and technological developments on the future of national-level financial markets and trading centres, particularly in smaller countries such as Canada. We foresee the development of a single global market in the most-liquid assets based on equity-market linkages. Thus, we see this global market being accessed by national-level trading centres. Moreover, we see a remaining role for national-level intermediated markets for less-liquid products. This could pose some problems as the scale of the latter could diminish over time.

Keywords: Financial; markets (search for similar items in EconPapers)
JEL-codes: G10 (search for similar items in EconPapers)
Pages: 47 pages
Date: 2001
New Economics Papers: this item is included in nep-fmk
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:bca:bocawp:01-10

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