國立高雄大學圖資館 |

Language: English

Back

Competition law and financial services

Harrison, D. M. (1955-)

Competition law and financial services

Record Type:	Electronic resources : Monograph/item
Title/Author:	Competition law and financial servicesDavid Harrison.
Author:	Harrison, D. M.
Published:	Milton Park, Abingdon [U.K.] :Routledge,2014.
Description:	xiv, 116 p.
Subject:	Antitrust law.
Online resource:	Click here to view
ISBN:	9780203383179 (e-book : PDF)

Competition law and financial services
Harrison, D. M.1955-

Competition law and financial services[electronic resource] /David Harrison. - Milton Park, Abingdon [U.K.] :Routledge,2014. - xiv, 116 p. - Routledge research in finance and banking law. - Routledge research in finance and banking law..

Includes bibliographical references and index.

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.

"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"--

Mode of access: World Wide Web.

ISBN: 9780203383179 (e-book : PDF)Subjects--Topical Terms:

200038
Antitrust law.
Index Terms--Genre/Form:

214472
Electronic books.

LC Class. No.: K3856 / .H373 2014

Dewey Class. No.: 346.082 / H318

Competition law and financial services
LDR:04172cmm a2200277Ia 4500 001 487709
003 FlBoTFG
005 20140311100610.0
008 161124s2014 enk ob 001 0 eng d
020 $a 9780203383179 (e-book : PDF)
035 $a (OCoLC)872389420
035 $a 0000279
040 $a FlBoTFG $c FlBoTFG
050 $a K3856 $b .H373 2014
082 $a 346.082 $b H318
100 1 $a Harrison, D. M. $q (David M.), $d 1955- $3 746057
245 1 0 $a Competition law and financial services $h [electronic resource] / $c David Harrison.
260 $a Milton Park, Abingdon [U.K.] : $b Routledge, $c 2014.
300 $a xiv, 116 p.
490 1 $a Routledge research in finance and banking law
504 $a Includes bibliographical references and index.
505 0 $a 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.
520 $a "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"-- $c Provided by publisher.
520 $a "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"-- $c Provided by publisher.
530 $a Also available in print edition.
538 $a Mode of access: World Wide Web.
650 0 $a Antitrust law. $3 200038
650 0 $a Competition. $3 182859
650 0 $a Restraint of trade. $3 321129
650 0 $a Financial services industry $x Law and legislation. $3 212062
650 0 $a Financial crises. $3 190604
655 7 $a Electronic books. $2 local. $3 214472
776 1 $z 9780415828819 (hardback) $z 9780203383179 (pbk)
830 0 $a Routledge research in finance and banking law. $3 695893
856 4 0 $u http://www.tandfebooks.com/isbn/9780203383179 $z Click here to view