Stock Market Integration [electronic resource] : An International Perspective /
Dorodnykh, E.author.
This book provides an original approach to the determinants of stock exchange integration. With case studies of successful integration projects in Europe, North America, Latin America as well as intercontinental cross-border mergers, it provides a complete analysis of all existing integration projects between stock exchange markets.
Description based upon print version of record.
""Cover""; ""Half-Title""; ""Title""; ""Copyright""; ""Contents""; ""List of Illustrations""; ""Preface""; ""Abbreviations""; ""Introduction                   ""; ""1 A Literature Review of the Stock Market Integration""; ""1.1 The role of stock market integration in global financial integration""; ""1.2 Stakeholders of stock market integration""; ""1.2.1 Market operator""; ""1.2.2 Issuers""; ""1.2.3 Market members""; ""1.2.4 Investors""; ""1.2.5 Market regulator""; ""1.2.6 Clearing and settlement infrastructure""; ""1.2.7 Alternative trading systems""; ""1.2.8 Technology provider""
""1.3 Forms of stock exchange integration""""1.3.1 Networks""; ""1.3.2 Alliances""; ""1.3.3 Mergers and acquisitions""; ""1.3.4 Hostile takeovers""; ""1.3.5 Transition steps of stock exchange integration""; ""2 Evidences from the Recent History""; ""2.1 European integration""; ""2.1.1 Euronext""; ""2.1.2 BME""; ""2.1.3 OMX Group""; ""2.1.4 London Stock Exchange â€? Borsa Italiana""; ""2.1.5 CEE Group""; ""2.2 North American integration""; ""2.2.1 CME Group""; ""2.3 Latin American integration""; ""2.3.1 MILA""; ""2.4 International integration""; ""2.4.1 Nyse â€? Euronext Group""
""2.4.2 Nasdaq â€? OMX Group""""2.5 Recent integration attempts""; ""3 Determinants of Stock Market Integration""; ""3.1 Literature review""; ""3.2 Data""; ""3.3 Methodology""; ""3.3.1 Correlation and cluster analysis""; ""3.3.2 Johansen cointegration test""; ""3.3.3 Multivariable logit model""; ""3.4 Empirical results""; ""3.4.1 Correlation and cluster analysis""; ""3.4.2 Johansen cointegration test""; ""3.4.3 Multivariable logit model""; ""Conclusions                  ""; ""References                 ""; ""Websites               ""; ""Index            ""
Includes bibliographical references and index.
This book provides an original approach to the determinants of stock exchange integration. With case studies of successful integration projects in Europe, North America, Latin America as well as intercontinental cross-border mergers, it provides a complete analysis of all existing integration projects between stock exchange markets.
International economics.
Investment banking.
Securities.
Banks and banking.
Capital market.
International Economics.
Investments and Securities.
Banking.
Capital Markets.