Handbook of Research on Stock Market Globalization
The stock market globalization process has produced historic changes in the structure of stock markets, the effects of which are evident throughout the world. Despite these transformations, there are relatively few sources examining the connections between the globalization process currently under way and previous periods of stock market globalization. This seminal volume fills that gap.
Early regulation and social organisation on the Johannesburg Stock Exchange, 1887–1892
Abstract This article documents the early development of rules and social organisation of Africa’s oldest existing stock exchange. Founded in November 1887, a year after southern Africa’s most significant gold discoveries, the Johannesburg Stock Exchange (JSE) is analysed in the context of an emerging financial institution in a mineral-driven economy. Exposing underutilised primary material from the JSE and partner financial intermediaries, this investigation provides new details on the local, regional and global development of southern Africa’s capital market during the first age of financial globalisation. Confronted by an uncertain political environment and stakeholders advocating competing visions of corporate organisation, the first five years tested the JSE’s ability to balance the needs of regulation and promoting access to its capital market. The evidence shows that the JSE was not an isolated stock exchange in southern Africa, but an increasingly global institution attracting members and capital from beyond the South African Republic.
Reforming the Russian legal system
Preface 1. Pre-revolutionary Russian law 2. The Bolshevik experience 3. The history of legal reform 4. Forging a new constitution 5. Citizens and the state: the debate over the Procuracy 6. In search of a just system: the courts and judicial reform 7. Law and the transition to a market economy 8. Legal reform in the republics 9. Legal reform and the transition to democracy in Russia Appendix Notes Index.