Chapter

Stock Exchange Competition and the Nasdaq Bargain in Europe

Elliot Posner

in The State of the European Union Vol. 7

Published in print August 2005 | ISBN: 9780199283958
Published online February 2006 | e-ISBN: 9780191603297 | DOI: http://dx.doi.org/10.1093/0199283958.003.0009
Stock Exchange Competition and the Nasdaq Bargain in Europe

Show Summary Details

Preview

Small capitalization markets like the US Nasdaq have proliferated in Europe in recent years as part of a broad but uneven process of financial reforms. Though often seen as a fairly direct response to financial globalization and market forces, they are, in fact, the product of supranational entrepreneurship and intra-European national rivalries. Nationally-based stock markets suddenly created small-cap markets not because of widely-perceived market pressures, but in response to moves by the European Commission that threatened to replace national markets with European ones.

Keywords: finance; stock markets; Nasdaq; venture capital; European Commission; supranational entrepreneurship

Chapter.  10624 words.  Illustrated.

Subjects: European Union

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.