What is the Future for Nationally or Regionally Based Financial Centres?

Alec Tsui
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Alec Tsui: Harvard University

Chapter 11 in Financial Intermediation in the 21st Century, 2001, pp 117-120 from Palgrave Macmillan

Abstract: Abstract The early stock exchanges were usually developed to serve the needs of market users in particular geographical areas. In larger countries, several exchanges often emerged to serve different parts of the country. Over time, one of these become dominant and served the country as a whole. National exchanges thus evolved in most parts of the world, and are still largely in place.

Keywords: Transaction Cost; Stock Exchange; Mutual Fund; Trading System; Financial Centre (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-29412-7_11

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DOI: 10.1057/9780230294127_11

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