MARC Record from harvard_bibliographic_metadata

LEADER: 03227cam a2200469 i 4500
001 014086221-8
005 20140630111810.0
008 130912s2014 enk b 001 0 eng
010 $a 2013037139
020 $a9780415828819 (hardback)
020 $a0415828813 (hardback)
020 $z9780203383179 (ebook)
020 $z0203383176 (ebook)
035 $a(PromptCat)99958844109
035 0 $aocn858749640
040 $aDLC$beng$erda$cDLC$dYDX$dOCLCO$dYDXCP$dBTCTA
042 $apcc
050 00 $aK3856$b.H373 2014
082 00 $a346/.082$223
084 $aLAW007000$aLAW005000$aLAW000000$2bisacsh
100 1 $aHarrison, D. M.$q(David M.),$d1955-$eauthor.
245 10 $aCompetition law and financial services /$cDavid Harrison.
264 1 $aMilton Park, Abingdon, Oxon ;$aNew York, NY :$bRoutledge,$c2014.
300 $axiv, 116 pages ;$c24 cm.
336 $atext$2rdacontent
337 $aunmediated$2rdamedia
338 $avolume$2rdacarrier
490 1 $aRoutledge research in finance and banking law
520 $a"Competition law underpins the market economy by prohibiting anti-competitive agreements and practices, and the abuse of dominant positions in the market. Until the financial crisis it was widely assumed that the financial services industry was highly competitive. This book explores the extent to which this is the case. By analysing crisis and pre-crisis competition law cases and examples from the UK, the EU and around the world David Harrison asks whether there exists good reason for financial services to be treated differently from the rest of the market economy. The theory of market efficiency is not borne out in practice. He particularly draws upon John Maynard Keynes in examining the differences between price mechanisms in product markets for "normal" goods, and price mechanisms in financial and investment markets where expectations of the future tend to play a greater role, leading to greater price fluctuations. In this evaluation, the book examines aspects of the practical functioning of capital markets such as the phenomenon of herding behaviour by financial participants, how short-term behaviour by intermediaries can be to the disadvantage of savers and productive investment, the relationship between investment markets and product markets and the extent to which the same competition rules apply to undertakings involved in both. The book will be very useful to students, researchers and practitioners of banking and finance law, and commercial and competition law"--$cProvided by publisher.
504 $aIncludes bibliographical references and index.
505 0 $aIntroduction -- The single market background -- Theory -- Practice -- Capital markets -- Banks (I) : structural issues -- Banks (II) : behavioural issues -- Analysis -- Remedies.
650 0 $aAntitrust law.
650 0 $aCompetition.
650 0 $aRestraint of trade.
650 0 $aFinancial services industry$xLaw and legislation.
650 0 $aFinancial crises.
650 7 $aLAW / Banking.$2bisacsh
650 7 $aLAW / Antitrust.$2bisacsh
650 7 $aLAW / General.$2bisacsh
830 0 $aRoutledge research in finance and banking law.
988 $a20140607
906 $0DLC