...Mohammed El Hadi El Maknouzi; Iyad Mohammad Jadalhaq Purpose This paper aims to survey the screening practices and regulatory arrangements that can be gleaned from the experience of Islamic financial indices on international stock markets. Such indices can be regarded as experiments...

... Information environment Tunisia Banks Stock markets In recent years, there has been growing interest in the role of transparency in monitoring and disciplining banking institutions. The recent financial crisis has further shown inadequate disclosure of bank‐specific information. The issue of bank...

...John F. Pinfold; Danyang He Purpose The purpose of this paper is to investigate the July 2007 introduction of a pre‐close call auction on the New Zealand stock market and its effect on share pricing quality and market manipulation. Design/methodology/approach Market quality was tested using...

...Iain Clacher; Elijah Brewer, III; Ann Marie Klingenhagen Purpose The purpose of this paper is to examine the implicit subsidies received, in the form of stock market returns, from the perception that large banking organizations are too big to fail, and implications for financial regulation...

... Chief Manager and Chief Economist at the Reserve Bank of New Zealand. ABSTRACT KEYWORDS: contract regulation, European nancial integration, stock markets, contract regulation, regulatory competition This paper explores the arguments for regulatory competition among stock markets in Europe. It suggests...