tailieunhanh - The Global Spread of Stock Exchanges, 1980-1998

Because these provisions must apply to transfers involving a broad range of investment property, and not just securities issued by Alberta corporations, they should be removed from the ABCA and placed in a separate statute. We have also recommended that Alberta legislation should be uniform with other provincial and federal legislation governing transfers of investment securities. With the rapid growth of cross-border transactions, the need for uniformity in this area is compelling. The use of a separate statute is a vital component of uniformity because various provinces and. | The Global Spread of Stock Exchanges 1980-1998 By Klaus Weber and Gerald F. Davis Working Paper Number 341 November 2000 William Davidson Institute Working Paper 341 The Global Spread of Stock Exchanges 1980 - 1998 Klaus Weber University of Michigan Business School 701 Tappan Street Ann Arbor Mi 48109-1234 weberk@ Gerald F. Davis University of Michigan Business School 701 Tappan Street Ann Arbor Mi 48109-1234 gfdavis@ 734 647-4737 Draft November 15 2000 We thank seminar participants at MOBS and Cornell University for helpful discussions of this work. We are especially grateful to Michael Lounsbury Mark Mizruchi Huggy Rao and Sid Tarrow for their insightful comments on prior versions of this paper. 1 William Davidson Institute Working Paper 341 THE GLOBAL SPREAD OF STOCK EXCHANGES 1980 1998 ABSTRACT Nations opened local stock exchanges at a rapid pace during the late 1980s and 1990s creating a channel for investment capital from wealthy industrial nations to emerging markets as well as a mechanism for institutional change in local economies. This study examines the local and global processes by which exchanges spread examining all nations at risk during the 1980s and 1990s. We find that local factors influencing the creation of stock exchanges included the size of the economy overall and relative to population size the legacy of colonialism and a recent transition to multi-party democracy. Global factors associated with creating exchanges included levels of prior investment by multinationals IMF structural adjustment aid centrality in trade flows and regional contagion. In contrast to prior work in financial economics we find no evidence for the influence of legal tradition and contrary to the implications of dependency theory we find no sign that foreign capital penetration affects the creation of exchanges. We also find no consistent evidence for the influence of stock exchanges on inequality or human development at the national level above and

• Ngân hàng - Tín dụng
• public health needs
• clearly inadequate
• government procurement
• Possible Role
• Seed Size
• Determination
• Nutritional and Proteomic
• Bachelor of Public Health Specialist
• Profession of Public Health
• Public Health Generalist
• Public Health Generalist Education Program
• Ministry of Health
• Public health
• Entering poverty
• Unmet medical needs
• Health care accessibility
• Population entering poverty
• Children with developmental disorders
• Developmental disabilities
• Oral health
• Access to health care
• Barriers to dental care
• Mental Health
• Mental Disorders
• Mental Conditions
• Physical Illness
• Medical Needs
• Health services accessibility
• Chronic kidney disease
• Hemodialysis services
• Health needs characteristics
• Medical and Surgical
• Induced Abortion
• Post Abortion
• Care Services
• Renal Function
• Urine Production
• Retroviral Host Cell
• TRIM5
• APOBEC3G and Cyclophilins