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

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THE ECONOMICS OF FINANCIAL MARKETS R. E. BAILEY 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
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Unformatted text preview: the role of regulation in nancial markets. 3. Discuss the informational efciency of asset markets in the presence of insider trading. 4. Discuss the role of informational asymmetries in determining bid-ask spreads in stock markets....
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This note was uploaded on 03/21/2011 for the course ECON 6120 taught by Professor Crabbe during the Spring '11 term at University of Ottawa.

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