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The Organization of Global Financial Markets

Friedrich Kübler

Journal of Institutional and Theoretical Economics (JITE), 2002, vol. 158, issue 1, 5-23

Abstract: The paper discusses the function of law in the formation of global financial markets and how this process affects at the same time the traditional concept of law. The examples used to illustrate this point include the prohibition of insider trading, the battle over accounting standards, the changing framework of capital adequacy rules for commercial banking, and the reshaping of the structure of important market participants in the U.S., in Germany, and in Japan.

JEL-codes: F20 K20 (search for similar items in EconPapers)
Date: 2002
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