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The Organization of Global Financial Markets

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  • Friedrich Kübler

Abstract

The paper discusses the function of law in the formation of global financial markets and how this process affects at the same time the traditional concept of law. The examples used to illustrate this point include the prohibition of insider trading, the battle over accounting standards, the changing framework of capital adequacy rules for commercial banking, and the reshaping of the structure of important market participants in the U.S., in Germany, and in Japan.

Suggested Citation

  • Friedrich Kübler, 2002. "The Organization of Global Financial Markets," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 158(1), pages 5-23, March.
  • Handle: RePEc:mhr:jinste:urn:sici:0932-4569(200203)158:1_5:toogfm_2.0.tx_2-b
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    JEL classification:

    • F20 - International Economics - - International Factor Movements and International Business - - - General
    • K20 - Law and Economics - - Regulation and Business Law - - - General

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