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