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Journal of Economic Literature - Book Review

JEL Volume. 49, Issue 4 | leftPrevious Review Next Review right

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Book(s) Reviewed

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

Reviewed by: 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."


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Book Review Authors

Thomas M. Eisenbach of Federal Reserve Bank of New York


JEL Classifications

G18: General Financial Markets: Government Policy and Regulation
G28: Financial Institutions and Services: Government Policy and Regulation
L51: Economics of Regulation


Journal of Economic Literature


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