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The Future of Stock Exchanges in Europe

Möbert, Jochen and Deubener, Harald (2006):
The Future of Stock Exchanges in Europe.
Darmstadt, In: Darmstadt Discussion Papers in Economics, [Report]

Abstract

We survey the future development of stock exchanges in Europe. Experts and non-experts evaluated several scenarios regarding who would survives as an independent as well as alliances, mergers and acquisitions. Nearly all respondents agreed that the landscape will undergo change. However, on average the respondents did not assign high probabilities to one particular future scenario. We also asked for important microeconomic and macroeconomic variables which might have an impact on the success of a stock exchange. The results indicate that while both types of variables have a relatively small influence on the different scenarios, the respondents think macroeconomic variables are less important than microeconomic variables. The uncertainty of a specific future scenario is also expressed in the economical and statistical significance of characteristics exhibited by the interviewees.

Item Type: Report
Erschienen: 2006
Creators: Möbert, Jochen and Deubener, Harald
Title: The Future of Stock Exchanges in Europe
Language: English
Abstract:

We survey the future development of stock exchanges in Europe. Experts and non-experts evaluated several scenarios regarding who would survives as an independent as well as alliances, mergers and acquisitions. Nearly all respondents agreed that the landscape will undergo change. However, on average the respondents did not assign high probabilities to one particular future scenario. We also asked for important microeconomic and macroeconomic variables which might have an impact on the success of a stock exchange. The results indicate that while both types of variables have a relatively small influence on the different scenarios, the respondents think macroeconomic variables are less important than microeconomic variables. The uncertainty of a specific future scenario is also expressed in the economical and statistical significance of characteristics exhibited by the interviewees.

Series Name: Darmstadt Discussion Papers in Economics
Volume: 162
Place of Publication: Darmstadt
Uncontrolled Keywords: stock exchanges, financial integration, alliances, acquisitions
Divisions: 01 Department of Law and Economics
01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete
Date Deposited: 20 Oct 2009 11:07
Additional Information:

JEL - Classification : F36, G29

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