Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/212021 
Authors: 
Year of Publication: 
2005
Series/Report no.: 
Bank of Finland Research Discussion Papers No. 23/2005
Publisher: 
Bank of Finland, Helsinki
Abstract: 
This paper examines the impact of messaging and technical standards on competition in the supply of securities transaction management services. Two simple switching cost models are used to clarify the impact of standards on barriers to entry and on the incentives to adopt harmonised and simplified securities processing standards. Policy implications are discussed briefly.
Subjects: 
securities settlement
standards
inter-operability
switching costs
JEL: 
L15
L86
Persistent Identifier of the first edition: 
ISBN: 
952-462-240-8
Document Type: 
Working Paper

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