Competition Among the Exchanges before the SEC: Was the NYSE a Natural Hegemon?
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下载链接：
https://www.nber.org/papers/w18712
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资源简介：
Improved information technology and higher volume should drive orders to be concentrated in one market, lowering the costs of transactions. However, the opposite occurred during the bull market of the 1920s when rapid technological change spawned a flood of new issues. This paper employs newly
提供机构：
美国国家经济研究局
创建时间：
2013-01-01
