Work

The Future Prospects for National Financial Markets and Trading Centres

Year: 2021

Type: article

Abstract: This paper investigates the effects of the continuation of globalization and technological developments on the future of national-level financial markets and trading centres, particularly in smaller countries such as Canada. We foresee the development of a single global market in the most-liquid assets based on equity-market linkages. Thus, we see this global market being accessed by national-level trading centres. Moreover, we see a remaining role for national-level intermediated markets for less-liquid products. This could pose some problems as the scale of the latter could diminish over time.

DOI: 10.34989/swp-2001-10

Authors: Gaa, Charles, Lumpkin, Stephen, Ogrodnik, Robert, Thurlow, Peter

Institutions: Bank of Canada, Organisation de Coopération et de Développement Economiques

Language: English

Topic: Finance, Markets, and Regulation

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W1570855267

FWCI: 2.073

Cites: 10

Cited by: 26

Related to: 10