Regulatory Reform of Stock and Futures Markets: A Special Issue of the Journal of Financial Services Research

Front Matter....Pages i-iii
Prologue to Conference on Regulatory Reform of Stock and Futures Markets....Pages 1-2
Using Tax Policy To Curb Speculative Short-Term Trading....Pages 3-17
Commentary: Using Tax Policy To Curb Speculative Short-Term Trading ....Pages 19-22
Stock Market Margin Requirements and Volatility: Implications for Regulation of Stock Index Futures....Pages 23-40
Commentary: Stock Market Margin Requirements and Volatility ....Pages 41-53
Margin Requirements and Stock Volatility....Pages 55-66
Volatility, Price Resolution, and the Effectiveness of Price Limits....Pages 67-101
Commentary: Volatility, Price Resolution, and the Effectiveness of Price Limits ....Pages 103-105
Commentary: Volatility, Price Resolution, and the Effectiveness of Price Limits ....Pages 107-111
Price Volatility, International Market Links, and Their Implications for Regulatory Policies....Pages 113-148
Commentary: Price Volatility, International Market Links, and Their Implications for Regulatory Policies ....Pages 149-156
Commentary: Price Volatility, International Market Links, and Their Implications For Regulatory Policies ....Pages 157-161
When Financial Markets Work Too Well: A Cautious Case For a Securities Transactions Tax....Pages 163-188
Initial Margin Requirements and Stock Returns Volatility: Another Look....Pages 189-203