<abstract xmlns="http://www.w3.org/1999/xhtml">

<p> Over the past forty years, stock exchanges have undergone a number of transformations (legal, organizational and technological). They resulted both from general external conditions (including technological progress) as well as were the expression of various economic (structural) policies. Two of which seem to be basic. The first implemented in France, based on optimal centralization of stock exchange trading. The second one, implemented in Germany and Spain, expressing the concept of a complementary and effective combination of the potentials of the main trading floor and regional exchanges. Promisingly, especially in this latter dimension of experience together with the Edinburgh ‘stock market experiment’ that has just begun, they may reveal yet another not yet fully recognized characteristics of the stock market - the institutional exemplification of the market economy.</p>
</abstract>

Over the past forty years, stock exchanges have undergone a number of transformations (legal, organizational and technological). They resulted both from general external conditions (including technological progress) as well as were the expression of various economic (structural) policies. Two of which seem to be basic. The first implemented in France, based on optimal centralization of stock exchange trading. The second one, implemented in Germany and Spain, expressing the concept of a complementary and effective combination of the potentials of the main trading floor and regional exchanges. Promisingly, especially in this latter dimension of experience together with the Edinburgh ‘stock market experiment’ that has just begun, they may reveal yet another not yet fully recognized characteristics of the stock market - the institutional exemplification of the market economy.

Economic Policy Towards Domestic Stock Exchanges

Studia Historiae Oeconomicae

This work is licensed under the Creative Commons Attribution-ShareAlike 4.0 International License.

{"article-title":"Economic Policy Towards Domestic Stock Exchanges"}

Over the past forty years, stock exchanges have undergone a number of transformations (legal, organizational and technological). They resulted both from...

Economic Policy Towards Domestic Stock Exchanges

Published Online: Mar 28, 2018

Page range: 143 - 161

DOI: https://doi.org/10.1515/sho-2017-0010

Keywords
economic policy, stock exchange market, regional stock exchange market, stock exchange - urban experiment

© 2018

This work is licensed under the Creative Commons Attribution-ShareAlike 4.0 International License.

Economic Policy Towards Domestic Stock Exchanges

Published Online: Mar 28, 2018

Page range: 143 - 161

DOI: https://doi.org/10.1515/sho-2017-0010

Keywordseconomic policy, stock exchange market, regional stock exchange market, stock exchange - urban experiment

© 2018

This work is licensed under the Creative Commons Attribution-ShareAlike 4.0 International License.

Keywords
economic policy, stock exchange market, regional stock exchange market, stock exchange - urban experiment