Jump to ContentJump to Main Navigation
Chasing the TapeInformation Law and Policy in Capital Markets$
Users without a subscription are not able to see the full content.

Onnig H. Dombalagian

Print publication date: 2015

Print ISBN-13: 9780262028622

Published to MIT Press Scholarship Online: September 2015

DOI: 10.7551/mitpress/9780262028622.001.0001

Show Summary Details
Page of

PRINTED FROM MIT PRESS SCHOLARSHIP ONLINE (www.mitpress.universitypressscholarship.com). (c) Copyright The MIT Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use.date: 24 May 2020

Globalization

Globalization

Chapter:
(p.194) (p.195) 13 Globalization
Source:
Chasing the Tape
Author(s):

Onnig H. Dombalagian

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262028622.003.0013

This chapter considers the challenges policy makers face as the efficacy of territorial regulation over information flows erodes. It first considers how globalization has increased cross-listing and cross-border investment and trading and has forced regulators to revisit the regulation of securities exchanges as they seek to engage in cross-border trading. It then explores the difficulties that policy makers face in managing diversity across jurisdictions while harmonizing regulation and coordinating regulatory and enforcement policy in areas of mutual interest. It then critiques traditional strategies for managing globalization, such as private ordering, selective accommodation of foreign practices, transnational standard-setting, and mutual recognition (or substituted compliance). The chapter concludes with a discussion of how policy makers might weigh these competing difficulties and strategies in the regulation of information flows.

Keywords:   Globalization, Cross-listing, Cross-border trading, Harmonization, Transnational standard-setting, Mutual recognition

MIT Press Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.