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Special Issue: International Market Microstructure: Answering Global Problems with Micro Solutions

Emerald Group Publishing is pleased to announce the publication of a Special Issue in the International Journal of Managerial Finance on the subject: 

International Market Microstructure: Answering Global Problems with Micro Solutions, Vol. 5 No. 1, 2009
Guest-Edited by: Michael Pagano, Villanova University, USA.

This special issue is available through Emerald Management Xtra as IJMF, Vol. 5 No. 1, 2009

This special issue of the International Journal of Managerial Finance features several articles that address key questions in international market microstructure, specifically examining “the significant impact that the structure and design of markets can have on liquidity provision, transaction costs, and a firm’s cost of capital, most notably in emerging markets”. Guest Editor Michael Pagano further contends how the papers present “empirical evidence related to two key areas of interest in international market microstructure studies: 1) the growth in international trading activity and 2) the trends in global transaction costs. In addition, we examine whether
international trading costs are closely correlated with recent developments in US financial markets”.

Table of Contents

• Guest Editorial: International market structure: global problems and micro solutions - Michael Pagano
• What order flow reveals about the role of the underwriter in IPO aftermarkets - Michael Aitken, Frederick H. deB. Harris, Thomas H. McInish and Kathryn Wong
• Market making in international capital markets: challenges and benefits of its implementation in emerging markets - Andreas Charitou and Marios Panayides
• Electronic communication networks, market makers, and the components of the bid-ask spread - T. Shawn Strother, James W. Wansley and Phillip Daves
• On the relationship between trading volume and stock price volatility in CASE - Eric Girard and Mohammed Omran
• Intraday return and volatility spillover across international copper futures markets - Donald Lien and Li Yang


This Special Issue is available for purchase in the Emerald Shop