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Subscribe to Brookings-Wharton Papers on Financial Services

This annual series from the Brookings Institution and the Financial Institutions Center at the Wharton School provides timely and insightful analyses of the financial services industry.

    Contents:
  • The Future of Securities Exchanges
    Ruben Lee
  • The Structure of the U.S. Equity Markets
    Marshall E. Blume
  • Changes in the Ownership and Governance of Securities Exchanges: Causes and Consequences
    Benn Steil
  • Wall Street's Credibility Problem:
    Misaligned Incentives and Dubious Fixes?
    Leslie Boni and Kent L. Womack
  • The Immediacy Implications of Exchange Organization
    James T. Moser
  • The Future of Stock Exchanges in Emerging Economies:
    Evolution and Prospects
    Stijn Claessens, Daniela Kingebiel, and Sergio L. Schmukler
  • ISDA, NASD, CFMA, and SDNY:
    The Four Horsemen of Derivatives Regulation?
    Frank Partnoy
  • The Future of the Foreign Exchange Market
    Richard K. Lyons
  • The Future of the New Issues Market
    Jay R. Ritter
  • Implications of Auction Theory for New Issues Markets
    Lawrence M. Asubel
  • Information Technology and the Organization of Securities Markets
    Paul G. Mahoney