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Informationen zum Autor Tina Hasenpusch works for the Strategy & Planning Team at Barclays Capital in London. Prior to her career at Barcap! she completed her PhD at the European Business School in Germany with a summa cum laude. Her research focus and expertise are in the fields of capital markets and securities market infrastructure. Klappentext This book analyses the efficiency of clearing and clearing industry structure, and identifies the most preferable future structure for the clearing industry. Zusammenfassung This book analyses the efficiency of clearing and clearing industry structure. With clear-cut definitions and a concise characterisation and descriptive analysis of the clearing industry! the book determines the efficiency impact of cross-border integration and harmonisation initiatives. It also identifies the most preferable future structure for the clearing industry. Inhaltsverzeichnis List of figures; List of abbreviations; Acknowledgements; Foreword; 1. Introduction; 2. Setting the stage - definitions and industry setting; 3. Defining the core issues - efficiency and network strategies; 4. Collecting empirical insights - introduction to the empirical study; 5. Analysing costs of derivatives clearing - transaction cost studies; 6. Exploring theoretical basics - scale effects in clearing; 7. What theory reveals - framework for efficiency analysis of network strategies; 8. Checking theory against reality - case studies of network strategies; 9. Quantifying the efficiency impact - European network strategies; 10. Introducing the future network economy - development of the clearing industry; 11. Summary, discussion and recommendations for future research; Appendices; Bibliography; Index.
