The Case of Deregulation of Investment Advice Services in Mexico: A new face of regulation
DOI:
https://doi.org/10.18836/2178-0587/ealr.v3n2p228-259Keywords:
Rede Neural Artificial, Open Reading Frames, Reconhecimento de Padrões, anotação de genomas.Abstract
Regulators of securities markets continuously face different trade-offs, for instance, between market efficiency and investor protection, or innovation and reduction of risks of financial products. The importance of securities markets in an economy is undeniable, due to the fact that investment is vital to the growth, development and strength of economy; however, after booming an international financial crisis, more regulation and supervision are demanded to financial authorities. Nevertheless, a legal framework free of state directives, inclusively through “non-enforceable rules”, can achieve better efficiency in the market. The economic analysis of the deregulation of investment advice services in Mexico, which was made when the Mexican Securities Market Law came into force in 2006, proves that a regulatory framework can influence the actors’ behavior without a directive and enforced character, and achieve positives outcomes in social welfare, in terms of promoting competition and investor protection.Downloads
Download data is not yet available.
Published
2013-01-14
Issue
Section
Papers
License
The submission of a paper to Economic Analysis of Law Review implies the transfer, by the author(s), to the Catholic University of Brasília (UCB), of the aforementioned work for purposes of reproduction, dissemination, distribution, printing, publication and availability.
This journal offers immediate free access to its content, following the principle that making scientific knowledge freely available to the public provides greater global democratization of knowledge.
Authors who submit manuscripts for publication in EALR irrevocably agree to the following terms:
- Authors retain copyright but grant Economic Analysis of Law Review the right of first publication, with the work simultaneously licensed under a Commons Attribution-Share License, after publication, allowing the sharing of the work with acknowledgment of its authorship and initial publication in this journal.
- Authors and EALR are authorized to sign additional contracts separately, for non-exclusive distribution of the version of the article published in this journal (e.g., publish in an institutional repository or as a book chapter), with recognition of authorship and initial publication in this journal.
- Authors are allowed and encouraged to publish and distribute their work online (e.g., in institutional repositories or on their personal webpage) at any point before or during the editorial process, as this can generate productive changes as well as increase impact and citation of the published work (see The Effect of Open Access).
