Clearing services for global markets: a framework for the future development of the clearing industry
Clearing forms the core part of a smooth and efficiently functioning financial market infrastructure. Traditionally, it has been provided by clearing houses, most of which today act as a 'central counterparty' (CCP) between the two sides of a trade. The rapid growth of cross-border trading...
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| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Cambridge
Cambridge University Press
2009
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| Subjects: | |
| Online Access: | BSB01 UBG01 Volltext |
| Summary: | Clearing forms the core part of a smooth and efficiently functioning financial market infrastructure. Traditionally, it has been provided by clearing houses, most of which today act as a 'central counterparty' (CCP) between the two sides of a trade. The rapid growth of cross-border trading has sparked discussion on the most efficient industry structure - particularly in Europe and the US. At the heart of this discussion lies the question of whether the implementation of a single clearing house creates greater benefits than a more competitive but interlinked market structure. This is the starting point for this book, which analyses the efficiency of clearing and clearing industry structure. Along with clear-cut definitions and a concise characterisation and descriptive analysis of the clearing industry, the book determines the efficiency impact of various cross-border integration and harmonisation initiatives between CCPs. This serves to identify the most preferable future structure for the clearing industry |
| Item Description: | Title from publisher's bibliographic system (viewed on 05 Oct 2015) |
| Physical Description: | 1 online resource (xxxii, 536 pages) |
| ISBN: | 9780511635557 |
| DOI: | 10.1017/CBO9780511635557 |
Staff View
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| 505 | 8 | |a Setting the stage : definitions and industry setting -- Defining the core issues : efficiency and network strategies -- Collecting empirical insights : introduction to the empirical study -- Analysing costs of derivatives clearing : transaction cost studies -- Exploring theoretical basics : scale effects in clearing -- What theory reveals : framework for efficiency analysis of network strategies -- Checking theory against reality : case studies of network strategies | |
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| contents | Setting the stage : definitions and industry setting -- Defining the core issues : efficiency and network strategies -- Collecting empirical insights : introduction to the empirical study -- Analysing costs of derivatives clearing : transaction cost studies -- Exploring theoretical basics : scale effects in clearing -- What theory reveals : framework for efficiency analysis of network strategies -- Checking theory against reality : case studies of network strategies |
| ctrlnum | (ZDB-20-CBO)CR9780511635557 (OCoLC)838256937 (DE-599)BVBBV043928166 |
| dewey-full | 332.1/78 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.1/78 |
| dewey-search | 332.1/78 |
| dewey-sort | 3332.1 278 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| doi_str_mv | 10.1017/CBO9780511635557 |
| format | Electronic eBook |
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| id | DE-604.BV043928166 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T07:38:51Z |
| institution | BVB |
| isbn | 9780511635557 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-029337244 |
| oclc_num | 838256937 |
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| physical | 1 online resource (xxxii, 536 pages) |
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| publishDate | 2009 |
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| spelling | Hasenpusch, Tina P. 1978- Verfasser aut Clearing services for global markets a framework for the future development of the clearing industry Tina P. Hasenpusch Cambridge Cambridge University Press 2009 1 online resource (xxxii, 536 pages) txt rdacontent c rdamedia cr rdacarrier Title from publisher's bibliographic system (viewed on 05 Oct 2015) Setting the stage : definitions and industry setting -- Defining the core issues : efficiency and network strategies -- Collecting empirical insights : introduction to the empirical study -- Analysing costs of derivatives clearing : transaction cost studies -- Exploring theoretical basics : scale effects in clearing -- What theory reveals : framework for efficiency analysis of network strategies -- Checking theory against reality : case studies of network strategies Clearing forms the core part of a smooth and efficiently functioning financial market infrastructure. Traditionally, it has been provided by clearing houses, most of which today act as a 'central counterparty' (CCP) between the two sides of a trade. The rapid growth of cross-border trading has sparked discussion on the most efficient industry structure - particularly in Europe and the US. At the heart of this discussion lies the question of whether the implementation of a single clearing house creates greater benefits than a more competitive but interlinked market structure. This is the starting point for this book, which analyses the efficiency of clearing and clearing industry structure. Along with clear-cut definitions and a concise characterisation and descriptive analysis of the clearing industry, the book determines the efficiency impact of various cross-border integration and harmonisation initiatives between CCPs. This serves to identify the most preferable future structure for the clearing industry International clearing Erscheint auch als Druckausgabe 978-0-521-51871-0 Erscheint auch als Druckausgabe 978-1-107-40447-2 https://doi.org/10.1017/CBO9780511635557 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Hasenpusch, Tina P. 1978- Clearing services for global markets a framework for the future development of the clearing industry Setting the stage : definitions and industry setting -- Defining the core issues : efficiency and network strategies -- Collecting empirical insights : introduction to the empirical study -- Analysing costs of derivatives clearing : transaction cost studies -- Exploring theoretical basics : scale effects in clearing -- What theory reveals : framework for efficiency analysis of network strategies -- Checking theory against reality : case studies of network strategies International clearing |
| title | Clearing services for global markets a framework for the future development of the clearing industry |
| title_auth | Clearing services for global markets a framework for the future development of the clearing industry |
| title_exact_search | Clearing services for global markets a framework for the future development of the clearing industry |
| title_full | Clearing services for global markets a framework for the future development of the clearing industry Tina P. Hasenpusch |
| title_fullStr | Clearing services for global markets a framework for the future development of the clearing industry Tina P. Hasenpusch |
| title_full_unstemmed | Clearing services for global markets a framework for the future development of the clearing industry Tina P. Hasenpusch |
| title_short | Clearing services for global markets |
| title_sort | clearing services for global markets a framework for the future development of the clearing industry |
| title_sub | a framework for the future development of the clearing industry |
| topic | International clearing |
| topic_facet | International clearing |
| url | https://doi.org/10.1017/CBO9780511635557 |
| work_keys_str_mv | AT hasenpuschtinap clearingservicesforglobalmarketsaframeworkforthefuturedevelopmentoftheclearingindustry |