[Download] Reform and Price Discovery at the Tokyo Stock Exchange: From 1990 to 2012 (Palgrave Pivot)






#3077080 in eBooks 2015-04-30 2015-04-30File Name: B00WUJ745S

"Reform and Price Discovery at the Tokyo Stock Exchange is a lucid account of the price discovery, reforms, risks, and liquidity of the Tokyo Stock Exchange. Written by experts in the field, Kubota and Takehara, this book will enrich the perspective of any professional, policy maker, and student oIn the last two decades the Tokyo Stock Exchange implemented several important reforms in regulations, market trading mechanisms, and IT trading systems. In this book we analyze the impact of the evolution of the Tokyo Stock Exchange (TSE), at the same time discussing reforms in stock trading by related accounting standards and legal regulations. With daily stock return and market microstructure data, we analyze how these reforms have significantly influenced the pricing structure and price dis...


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