Intermediation and Beyond: Introduction
Forthcoming, Intermediation and Beyond (L Gullifer and J Payne, eds) (Hart Publishing, 2019)
11 Pages Posted: 28 Dec 2018
Date Written: December 12, 2018
This is part of the introduction to the book ‘Intermediation and Beyond’ (Hart Publishing, January 2019). It explains the genesis of the project which lead to the book, summarises the discussion in the chapters and identifies its contribution to the debate surrounding the way securities are held in the twenty-first century. The book critically analyses the current position of all parties within the intermediated system, of the reasons for the system and of its advantages and disadvantages, examines a wide range of possible responses to the consequences of the current system, legal, market-based and technological, and looks forward to the future, particularly the advent of crypto-securities.
Keywords: intermediated securities, crypto-securities, reform
JEL Classification: K22
Suggested Citation: Suggested Citation