The Economics of the Exchange Industry: An Empirical Overview
The aim of this chapter is to carry on an empirical analysis of the economics of the exchange industry. In Chapter 2 we provided a part-overview of the main aggregate performance measures, and focused on a comparison of performances across exchanges belonging to different legal statuses. Now our purpose is to provide more insight into economic performances.
KeywordsTotal Asset Stock Exchange Trading Volume Institutional Ownership Operational Expense
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