A characteristics definition of financial markets

A characteristics definition of financial markets

This paper employs a characteristics approach to define and classify financial products and markets. Emphasis is placed on the demand side, models for the supply side being comparatively well developed. Based on changes in the United Kingdom, the model is used to illustrate how applied economists mi...

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Veröffentlicht in:Journal of banking & finance 1990-08, Vol.14 (2), p.583-609
1. Verfasser: Heffernan, Shelagh A.
Format: Artikel
Sprache:eng
Schlagworte:
Capital market
Economic models
Finance
Impacts
Portfolio investments
Portfolio management
Regulations
Securities markets
Supply & demand
Technological change
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Zusammenfassung:This paper employs a characteristics approach to define and classify financial products and markets. Emphasis is placed on the demand side, models for the supply side being comparatively well developed. Based on changes in the United Kingdom, the model is used to illustrate how applied economists might analyse the impact of regulatory and technological changes on financial markets. Avenues for further research are discussed.
ISSN:0378-4266
1872-6372
DOI:10.1016/0378-4266(90)90065-A