Market Information as a Public Good: The Political Economy of the Revision of the Markets in Financial Instruments Directive (MiFID)

Paul Lagneau-Ymonet and Angelo Riva

Chapter 6 in Finance: The Discreet Regulator, 2012, pp 134-163 from Palgrave Macmillan

Abstract: Abstract The crisis triggered by the US mortgage market meltdown in summer 2007 initially forced governments with a deep-seated belief in deregulated markets to do what they had repeatedly said they never could or would do again: namely to take stakes in financial institutions, suspend certain transactions deemed to be speculative and manipulate their currencies. Once the emergency was over, they said, they would take measures to put credit institutions and the financial system – currencies, banks and markets – back on a sound footing.

Keywords: Financial Market; Stock Exchange; Market Information; Financial Intermediary; Financial Centre (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-03360-4_7

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DOI: 10.1057/9781137033604_7

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