The Role of Law and Regulation in Sustaining Financial Markets - 9780367669249

Taylor & Francis

The Role of Law and Regulation in Sustaining Financial MarketsAuthor(s): Niels Philipsen, Guangdong Xu\nFormat: Paperback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9780367669249, 978-0367669249\nSynopsis\nThis book explores the role of law and regulation in sustaining financial markets in both developed and developing countries, particularly the European Union, United States and China. The central argument of this book is that law matters for the operation of financial markets, which, in turn, significantly influences the performance of firms, industries, and economies.\n\nThe Role of Law and Regulation in Sustaining Financial Markets is divided into four parts. Part one addresses the connection between law, financial development, and economic growth. Part two deals with the role of financial regulation, which can be used to correct market failures, such as negative externalities, information asymmetries, and monopolies. Part three focuses on .