KEYWORDS: Speculation, High-Frequency Trading, Short Selling, OTC derivatives, SEC, International Monetary Fund, Financial Transaction Tax, Security Transaction Tax, Flash Crash, Volatility, Exchange-Traded Funds, ETF, Liquidity
David Hirshleifer; Terrance Hendershott; Daniel Weaver; Chinmay Jain, Pankaj Jain, and Thomas McInish; Paul Gao
The Center for the Study of Financial Regulation at the University of Notre Dame
The Center for the Study of Financial Regulation at the University of Notre Dame has, as its mission, to promote sound economic analysis of current and proposed financial regulation. Poorly conceived financial regulations can impose large costs on the economy and may harm the America’s leadership in the financial industry by driving financial transactions offshore. We believe that more independent economic analysis of financial regulation is needed.