Technological development and concentration of ... - Suomen Pankki

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BANK OF FINLAND DISCUSSION PAPERS 21 • 2001 Heiko Schmiedel* Research Department 8.10.2001 Technological development and concentration of stock exchanges in Europe The views expressed are those of the author and do not necessarily reflect the views of the Bank of Finland. * Visiting Scholar, Bank of Finland, Research Department, and Doctoral Research Fellow, HWWA-Hamburg Institute of International Economics, Neuer Jungfernstieg 21, D-20347 Hamburg, Germany. E-mail: schmiedel@hwwa.de I would like to thank Juha Tarkka, Iftekhar Hasan, Esa Jokivuolle, David Mayes, Nico Valckx, and Jouko Vilmunen for valuable comments and generous support. I am also grateful to Virpi Andersson, and Jani-Petri Laamanen for providing excellent research assistance. Usual disclaimers apply. Suomen Pankin keskustelualoitteita Finlands Banks diskussionsunderlag
Page 1: BANK OF FINLAND DISCUSSION PAPERS 2
Page 5 and 6: Technological development and conce
Page 7: Contents Abstract..................
Page 10 and 11: the functioning of the security tra
Page 12 and 13: of cross-border asset transaction i
Page 14 and 15: 3 ‘Co-ompetition’ among financi
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Page 20 and 21: institutional organisation, governa
Page 22 and 23: NCOM and VTRADE, as already mention
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Page 28 and 29: a beneficial effect on the market i
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Technological development and concentration of ... - Suomen Pankki

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