Competition and Survival of Stock Exchanges: Lessons from Canada

Cécile Carpentier (), Jean-François L'Her () and Jean-Marc Suret ()
Additional contact information
Cécile Carpentier: Laval University, School of Accountancy and Cirano, Pavilion Palasis-Prince, 2325 Terrasse Street, Québec Canada, G1V 0A6, Canada
Jean-François L'Her: Investment Policy Research, La Caisse de dépôt et placement du Québec, 1000, place Jean-Paul Riopelle, Montréal (Québec), Canada, H2Z 2B3, Canada
Jean-Marc Suret: Laval University, School of Accountancy and Cirano, Pavilion Palasis-Prince, 2325 Terrasse Street, Québec Canada, G1V 0A6, Canada

Review of Pacific Basin Financial Markets and Policies (RPBFMP), 2008, vol. 11, issue 02, 255-286

Abstract: We analyze the competition between two developed stock exchanges. Their development rests mainly on their capacity to attract securities and trades. The US market is attracting a growing number of Canadian companies and is capturing a growing portion of their traded value. This slide of trading toward the US market is a huge challenge for Canadian policy makers while the efforts to compete with the US market seem to be having only limited effects. We analyze the implications of this situation for policy makers in Asia-Pacific where several markets and financial centers are attempting to emerge.

Keywords: Securities exchange; competition; cross-listed securities (search for similar items in EconPapers)
JEL-codes: G1 G2 G3 (search for similar items in EconPapers)
Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S0219091508001349
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:rpbfmp:v:11:y:2008:i:02:n:s0219091508001349

Ordering information: This journal article can be ordered from

DOI: 10.1142/S0219091508001349

Access Statistics for this article

Review of Pacific Basin Financial Markets and Policies (RPBFMP) is currently edited by Cheng-few Lee

More articles in Review of Pacific Basin Financial Markets and Policies (RPBFMP) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().