Abstract
My comments will reflect the point of view of a practitioner, someone who has been in the futures market more or less every day for the last 13 or 14 years. During that time, I have seen much change and development in the futures market and forward markets and, of course, considerable growth and acceptance in the financial community. From that background, I see the current period as one in which U.S. competitive advantage seems to be diminishing. Such a shift is clearly suggested in Merton Miller’s article.
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© 1990 Springer Science+Business Media New York
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Kovner, B. (1990). Commentary: International Competitiveness of U.S. Futures Exchanges . In: Kosters, M.H., Meltzer, A.H. (eds) International Competitiveness in Financial Services. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-3876-5_13
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DOI: https://doi.org/10.1007/978-94-011-3876-5_13
Publisher Name: Springer, Dordrecht
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