2021
DOI: 10.1017/s0968565021000081
|View full text |Cite
|
Sign up to set email alerts
|

The historical dynamics of US financial exchanges

Abstract: The historical dynamics of entry and exit in the financial exchange industry are analyzed for a panel of 327 US exchanges from 1855 through 2012. We focus on economic, technological and regulatory factors. Using novel panel data evidence, we empirically test whether these factors are consistent with existing financial theories. We find that US exchanges are more likely to exit per year after the passage of the Securities Exchange Act. The telephone, literacy and regulation are robust predictors of financial ex… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...

Citation Types

0
0
0

Publication Types

Select...

Relationship

0
0

Authors

Journals

citations
Cited by 0 publications
references
References 22 publications
(20 reference statements)
0
0
0
Order By: Relevance

No citations

Set email alert for when this publication receives citations?