https://oldena.lpnu.ua/handle/ntb/40404| Title: | Formation of stock market trade networks model in modern condition |
| Authors: | Kopylova, Olha |
| Affiliation: | Odessa National University named after I.I. Mechnikov |
| Bibliographic description (Ukraine): | Kopylova O. Formation of stock market trade networks model in modern condition / Olha Kopylova // Litteris et Artibus : proceedings, 23–25 November, 2017. — Lviv : Lviv Polytechnic Publishing House, 2017. — P. 321–326. — (6th International academic conference «Economics & management 2017» (EM-2017)). |
| Bibliographic description (International): | Kopylova O. Formation of stock market trade networks model in modern condition / Olha Kopylova // Litteris et Artibus : proceedings, 23–25 November, 2017. — Lviv : Lviv Polytechnic Publishing House, 2017. — P. 321–326. — (6th International academic conference «Economics & management 2017» (EM-2017)). |
| Is part of: | Litteris et Artibus : матеріали, 2017 Litteris et Artibus : proceedings, 2017 |
| Conference/Event: | 7th International youth science forum «Litteris et Artibus» |
| Journal/Collection: | Litteris et Artibus : матеріали |
| Issue Date: | 23-Dec-2017 |
| Publisher: | Видавництво Львівської політехніки Lviv Polytechnic Publishing House |
| Place of the edition/event: | Львів Lviv |
| Temporal Coverage: | 23–25 листопада 2017 року 23–25 November, 2017 |
| Keywords: | trade networks stock market financial architectonics infrastructure institutional matrix disintermediation transaction costs |
| Number of pages: | 6 |
| Page range: | 321-326 |
| Start page: | 321 |
| End page: | 326 |
| Abstract: | A precondition for countries’ co-existence in the global financial area is a specific architectonics, i. e. a composition of the financial area that makes it possible to study the integrity of a phenomenon, its environment and inner structure. This financial architectonics of the stock market should be based on the infrastructure, or, rather, its segment – the one which is the likeliest to have the said characteristics. As a result, the stock market infrastructure will become a basis for the formation and development of a ramified system of strong but constantly evolving trading networks as superinfrastructures. The variety of stock market models makes it evident that the current views need to be modified. The current regulatory reforms and the development of information and communication technologies have boosted the competition among different types of institutions that specialise in financial instruments trading. The concentration of the stock market’s trade networks increases the interdependence of its participants, but its impact on the volatility is less definite. |
| URI: | https://ena.lpnu.ua/handle/ntb/40404 |
| ISBN: | 978-966-941-108-2 |
| Copyright owner: | © Національний університет “Львівська політехніка”, 2017 |
| URL for reference material: | http://web.stanford.edu/~jacksonm/netbook.pdf http://epm.fem.sumdu.edu.ua/download/2016_4/epm2016_4_3.pdf https://ssrn.com/abstract=1577043 |
| References (Ukraine): | [1] Mankiw, N. G. (2011). Principles of Economics. 6th edition. Cengage Learning [2] Krinichansky, K.V. (2009). Theoretical and methodological foundations of the study of the evolution of the financial market institutions. Herald of Chelyabinsk State University, 19 (157), Issue 21, 36-43. [3] North, D. (1990). Institutions, Institutional Change and Economic Performance. Cambridge: Cambridge University Press [4] Bourdieu P. (2005). The Social Structures of the Economy. Polity. Business & Economics [5] Deleuze, G. & Guattari F. (1991). What is Philosophy? Columbia University Press [6] Granovetter, M. S. (1973). The Strength of Weak Ties. American Journal of Sociology, 78 (6), 1360–1380 [7] Jackson, M. O. (2008). Social and Economic Networks. Princeton University Press. Retrieved from: http://web.stanford.edu/~jacksonm/netbook.pdf [8] Castells, M. (1996). The Rise of the Network Society. The Information Age: Economy, Society and Culture, Vol. I. Cambridge, MA; Oxford, UK: Blackwell [9] Marsden, P. V. (2002). Egocentric and Sociocentric Measures of Network Centrality. Social Networks, 24 (4), 407-422 [10] Williamson, O. E. (1998). The Economic Institutions of Capitalism: Firms, Markets, Relational Contracting. Detroit: Free Press. [11] Kopylova, O. (2016). Trade networks evolution under the conditions of stock market globalization. Economic Processes Management: International Scientific EJournal, 4. Retrieved from: http://epm.fem.sumdu.edu.ua/download/2016_4/epm2016_4_3.pdf [12] Milgrom, P. & Roberts, J. (1992). The Economics, Organization and Management. Pearson. [13] Tobin, J. E. (1984). On the efficiency of the financial system. Lloyds Bank Review, 153 (July), 1-15. [14] Stiglitz, J. E. (1989). Using tax policy to curb speculative short-term trading. Journal of Financial Service Research, 3 (2-3), 101-115 [15] Summers, L. H. & Summers, V. P. (1989). When financial markets work too well: A cautious case for a security transaction tax. Journal of Financial Service Research, 3(2-3), 261-286 [16] Eichengreen, B., Tobin, J. & Wyplosz Ch. (1995). Two cases for sand in the wheels of international finance. Economic Journal, 105, 162-172 [17] Gai, P. & Kapadia S. (2010). Contagion in Financial Networks. Bank of England Working Paper, 383. – Retrieved from: https://ssrn.com/abstract=1577043 [18] Kirdina, S.G. (2014). Institutional matrices and the development of Russia. М.: Nestor-History [19] Luchenok, A.I. (2016). Improvement of the institutional matrix of the Belarusian economic model. Economic science today: a collection of scientific articles. Minsk: BNTU, 4, 102 – 112 [20] Kopylova O. (2016). Modern theoretical approaches to the definition of trading stock market networks. Economic analysis, 25 (1), 138-143 |
| References (International): | [1] Mankiw, N. G. (2011). Principles of Economics. 6th edition. Cengage Learning [2] Krinichansky, K.V. (2009). Theoretical and methodological foundations of the study of the evolution of the financial market institutions. Herald of Chelyabinsk State University, 19 (157), Issue 21, 36-43. [3] North, D. (1990). Institutions, Institutional Change and Economic Performance. Cambridge: Cambridge University Press [4] Bourdieu P. (2005). The Social Structures of the Economy. Polity. Business & Economics [5] Deleuze, G. & Guattari F. (1991). What is Philosophy? Columbia University Press [6] Granovetter, M. S. (1973). The Strength of Weak Ties. American Journal of Sociology, 78 (6), 1360–1380 [7] Jackson, M. O. (2008). Social and Economic Networks. Princeton University Press. Retrieved from: http://web.stanford.edu/~jacksonm/netbook.pdf [8] Castells, M. (1996). The Rise of the Network Society. The Information Age: Economy, Society and Culture, Vol. I. Cambridge, MA; Oxford, UK: Blackwell [9] Marsden, P. V. (2002). Egocentric and Sociocentric Measures of Network Centrality. Social Networks, 24 (4), 407-422 [10] Williamson, O. E. (1998). The Economic Institutions of Capitalism: Firms, Markets, Relational Contracting. Detroit: Free Press. [11] Kopylova, O. (2016). Trade networks evolution under the conditions of stock market globalization. Economic Processes Management: International Scientific EJournal, 4. Retrieved from: http://epm.fem.sumdu.edu.ua/download/2016_4/epm2016_4_3.pdf [12] Milgrom, P. & Roberts, J. (1992). The Economics, Organization and Management. Pearson. [13] Tobin, J. E. (1984). On the efficiency of the financial system. Lloyds Bank Review, 153 (July), 1-15. [14] Stiglitz, J. E. (1989). Using tax policy to curb speculative short-term trading. Journal of Financial Service Research, 3 (2-3), 101-115 [15] Summers, L. H. & Summers, V. P. (1989). When financial markets work too well: A cautious case for a security transaction tax. Journal of Financial Service Research, 3(2-3), 261-286 [16] Eichengreen, B., Tobin, J. & Wyplosz Ch. (1995). Two cases for sand in the wheels of international finance. Economic Journal, 105, 162-172 [17] Gai, P. & Kapadia S. (2010). Contagion in Financial Networks. Bank of England Working Paper, 383, Retrieved from: https://ssrn.com/abstract=1577043 [18] Kirdina, S.G. (2014). Institutional matrices and the development of Russia. M., Nestor-History [19] Luchenok, A.I. (2016). Improvement of the institutional matrix of the Belarusian economic model. Economic science today: a collection of scientific articles. Minsk: BNTU, 4, 102 – 112 [20] Kopylova O. (2016). Modern theoretical approaches to the definition of trading stock market networks. Economic analysis, 25 (1), 138-143 |
| Content type: | Conference Abstract |
| Appears in Collections: | Litteris et Artibus. – 2017 р. |
| File | Description | Size | Format | |
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| 2017_Kopylova_O-Formation_of_stock_market_321-326.pdf | 166.69 kB | Adobe PDF | View/Open | |
| 2017_Kopylova_O-Formation_of_stock_market_321-326__COVER.png | 652.97 kB | image/png | View/Open |
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