International Stock Markets

This research reviews changes in the functioning and roles of international stock markets. The New York Stock Exchange serves as the vehicle to discuss North American stock markets, while the London Stock Exchange fulfills a similar role for European stock markets. A greater number of Asian exchanges are included in this research because of the significant growth in stock market activity in that region over the past decade. The functioning of stock markets is considered in terms of both structure and technological innovation. The roles of international stock markets are considered in the context of their relevance to global trading of equity stocks.

The world's first stock market crash occurred in London before a formal stock market was ever established. The English South Sea Company was established in 1711, on the basis of an assumption of an eventual English monopoly on European trade with Pacific and South American countries. The British government, as a part of an effort to fund its national debt, promoted public confidence in the English South Sea Company and encouraged holders of state annuities to exchange them for shares in the company. The anticipated English trading monopoly did not materialize, and the value of the shares in the English South Sea Company crashed in 1720, becoming known as the South Sea Bubble. Many i

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wan Stock Exchange is beginning to open up to foreign investment (Taiwanese, 1993, p. 89). The New York Stock Exchange has been losing business at both the top and the bottom of the market for more than a decade (Wenle, 1993, p. 55). An increasingly larger number of "Blue Chip" stocks are shunning the New York Stock Exchange in favor of smaller, more flexible exchanges (Let markets, 1993, pp. 71-72). Academic studies of the New York Stock Exchange continue to report that the exchange does not always deal fairly (Weiss, 1993, pp. 80-81). The New York Stock Exchange has acknowledged that incorrect data is sometimes issued by the exchange (Davis, 1993, p. 23). The current driving force behind trading activity on the Hang Seng Stock Exchange (Hong Kong) is the economy of the People's Republic of China (Hong Kong, 1993, p. 83). Companies thought to be in the strongest position to capitalize on the booming Chinese economy are favorite trading targets for Hang Seng investors (Hong Kong's red, 1993, p. 78). In London, the United Kingdom has abandoned its restricted and highly regulated market, and has replaced that market with a truly international stock market (Parker, 1991, pp. 55-65). There exists some be
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Some common words found in the essay are:
Stock Exchange, Innovation Computer, Pugel White, Ulvila Brown, Europe United, London Stock, stock exchange, Sea Bubble, Structure Performance, Sea Company, York City, stock market, stock markets, york stock, york stock exchange, computer technology, international stock, london stock, international stock markets, london stock exchange, pugel white 1985, 1992 pp, south sea, pugel white, total share value,
Approximate Word count = 2991
Approximate Pages = 12 (250 words per page)

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