Running the World's Markets: The Governance of Financial Infrastructure by Ruben Lee
Published By: Princeton and Oxford: Princeton University Press ISBN: 978-0-691-13353-9 Date of Publication: 2011
Book Review Detail
Thomas M. Eisenbach of Federal Reserve Bank of New York
Review DOI: 10.1257/jel.49.4.1230.r15 Review Pages: 1281-82
Book Review Abstract
Thomas M. Eisenbach of Federal Reserve Bank of New York reviews "Running the World's Markets: The Governance of Financial Infrastructure" by Ruben Lee. The EconLit abstract of the reviewed work begins, "Analyzes fundamental issues regarding how market infrastructure institutions are governed and how they should be governed. Discusses definitions; market power; the allocation of regulatory powers over securities markets; regulation and governance of market infrastructure institutions—global perspective; governance of market infrastructure institutions—a snapshot; case studies of exchanges, central counterparties, and the Central Securities Depository; the most efficient governance structure; who should regulate what; and how market infrastructure institution governance should be regulated. Lee is CEO of Oxford Finance Group. Index."