{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Chap2 Questions - the role of regulation in financial...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
T HE E CONOMICS OF F INANCIAL M ARKETS R. E. B AILEY Exercises for Chapter 2 Asset market microstructure 1. Distinguish between order-driven and quote-driven asset markets. Discuss their relative strengths and weaknesses. 2. To what extent is there a trade-off between competition among the members of a market orga- nization (dealers or brokers) and the protection of public investors from fraud? Hence, discuss
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: the role of regulation in financial markets. 3. Discuss the informational efficiency of asset markets in the presence of insider trading. 4. Discuss the role of informational asymmetries in determining bid-ask spreads in stock markets....
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online