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The Resource Competition law and financial services, David Harrison, (electronic resource)

Competition law and financial services, David Harrison, (electronic resource)

Creator
Summary
"Competition law underpins the market economy by prohibiting anti-competitive agreements and practices, and the abuse of dominant positions in the market. Until the financial crisis it was widely assumed that the financial services industry was highly competitive. This book explores the extent to which this is the case. By analysing crisis and pre-crisis competition law cases and examples from the UK, the EU and around the world, David Harrison asks whether there exists good reason for financial services to be treated differently from the rest of the market economy. The theory of market efficiency is not borne out in practice. He particularly draws upon John Maynard Keynes in examining the differences between price mechanisms in product markets for "normal" goods, and price mechanisms in financial and investment markets where expectations of the future tend to play a greater role, leading to greater price fluctuations. In this evaluation, the book examines aspects of the practical functioning of capital markets such as the phenomenon of herding behaviour by financial participants, how short-term behaviour by intermediaries can be to the disadvantage of savers and productive investment, the relationship between investment markets and product markets and the extent to which the same competition rules apply to undertakings involved in both. The book will be very useful to students, researchers and practitioners of banking and finance law, and commercial and competition law"--
Language
eng
Work
Publication
Extent
xiv, 116 pages.
Contents
  • 1. Introduction
  • 2. The single market background
  • 3. Theory
  • 4. Practice
  • 5. Capital markets
  • 6. Banks (I) : structural issues
  • 7. Banks (II) : behavioural issues
  • 8. Analysis
  • 9. Remedies
Isbn
9780203383179
Link
https://eui.idm.oclc.org/login?url=https://www.taylorfrancis.com/books/9780203383179
Instance
Label
Competition law and financial services
Title
Competition law and financial services
Statement of responsibility
David Harrison
Creator
Subject
Language
eng
Summary
"Competition law underpins the market economy by prohibiting anti-competitive agreements and practices, and the abuse of dominant positions in the market. Until the financial crisis it was widely assumed that the financial services industry was highly competitive. This book explores the extent to which this is the case. By analysing crisis and pre-crisis competition law cases and examples from the UK, the EU and around the world, David Harrison asks whether there exists good reason for financial services to be treated differently from the rest of the market economy. The theory of market efficiency is not borne out in practice. He particularly draws upon John Maynard Keynes in examining the differences between price mechanisms in product markets for "normal" goods, and price mechanisms in financial and investment markets where expectations of the future tend to play a greater role, leading to greater price fluctuations. In this evaluation, the book examines aspects of the practical functioning of capital markets such as the phenomenon of herding behaviour by financial participants, how short-term behaviour by intermediaries can be to the disadvantage of savers and productive investment, the relationship between investment markets and product markets and the extent to which the same competition rules apply to undertakings involved in both. The book will be very useful to students, researchers and practitioners of banking and finance law, and commercial and competition law"--
Member of
Additional physical form
Also available in print edition.
Assigning source
Provided by Publisher
Cataloging source
FlBoTFG
http://library.link/vocab/creatorDate
1955-
http://library.link/vocab/creatorName
Harrison, D. M.
Index
index present
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
Taylor & Francis eBooks
http://library.link/vocab/subjectName
  • Antitrust law
  • Competition
  • Restraint of trade
  • Financial services industry
  • Financial crises
Label
Competition law and financial services, David Harrison, (electronic resource)
Link
https://eui.idm.oclc.org/login?url=https://www.taylorfrancis.com/books/9780203383179
Instantiates
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
1. Introduction -- 2. The single market background -- 3. Theory -- 4. Practice -- 5. Capital markets -- 6. Banks (I) : structural issues -- 7. Banks (II) : behavioural issues -- 8. Analysis -- 9. Remedies
Control code
TANDF9780203383179
Extent
xiv, 116 pages.
Form of item
online
Governing access note
Use of this electronic resource may be governed by a license agreement which restricts use to the European University Institute community. Each user is responsible for limiting use to individual, non-commercial purposes, without systematically downloading, distributing, or retaining substantial portions of information, provided that all copyright and other proprietary notices contained on the materials are retained. The use of software, including scripts, agents, or robots, is generally prohibited and may result in the loss of access to these resources for the entire European University Institute community
Isbn
9780203383179
Media category
computer
Media MARC source
rdamedia.
Media type code
  • c
Specific material designation
remote
System control number
(OCoLC)872389420
System details
Mode of access: World Wide Web
Label
Competition law and financial services, David Harrison, (electronic resource)
Link
https://eui.idm.oclc.org/login?url=https://www.taylorfrancis.com/books/9780203383179
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
1. Introduction -- 2. The single market background -- 3. Theory -- 4. Practice -- 5. Capital markets -- 6. Banks (I) : structural issues -- 7. Banks (II) : behavioural issues -- 8. Analysis -- 9. Remedies
Control code
TANDF9780203383179
Extent
xiv, 116 pages.
Form of item
online
Governing access note
Use of this electronic resource may be governed by a license agreement which restricts use to the European University Institute community. Each user is responsible for limiting use to individual, non-commercial purposes, without systematically downloading, distributing, or retaining substantial portions of information, provided that all copyright and other proprietary notices contained on the materials are retained. The use of software, including scripts, agents, or robots, is generally prohibited and may result in the loss of access to these resources for the entire European University Institute community
Isbn
9780203383179
Media category
computer
Media MARC source
rdamedia.
Media type code
  • c
Specific material designation
remote
System control number
(OCoLC)872389420
System details
Mode of access: World Wide Web

Subject

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