Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/211874
Year of Publication: 
2000
Series/Report no.: 
Bank of Finland Discussion Papers No. 20/2000
Publisher: 
Bank of Finland, Helsinki
Abstract: 
This paper investigates the existence and extent of economies of scale and scope among stock exchanges.Evidence from 38 exchanges in 32 countries and 4 continents around the world for the years 1989-1998 indicates the existence of significant economies of scale and scope.The degree of such economies however differs by size of exchange and region.The largest stock exchanges show an increasing trend of cost effectiveness.Exchanges in North America and Europe report substantially larger economies of scale than those in the Asia-Pacific regions.
Subjects: 
stock exchanges
mergers
regional alliances
economies of scale
Persistent Identifier of the first edition: 
ISBN: 
951-686-689-1
Document Type: 
Working Paper

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