Founded in 2007, the Program in the Law and Economics of Capital Markets was created with the goal of bringing together the disparate work of lawyers and economists in the field of capital markets and their regulation.

Scholars in market microstructure, the study of the economic forces affecting securities market trades, quotes and transaction prices, have traditionally not taken into account the regulatory structures of real-world securities market operations. On the other hand, legal literature has largely focused on describing institutional regulatory structures and has not taken advantage of the work done in the field of market microstructure.

The center's program focuses on producing high-quality scholarly literature on capital markets regulation that is significantly informed by financial economic principles.

Follow


Publications from 2020

PDF

Paper: Stakeholder Survey Preliminary White Paper, Program in the Law and Economics of Capital Markets and Columbia-IBM Center for Blockchain and Data Transparency

Books from 2019

Book: The New Stock Market: Law, Economics, and Policy, Merritt B. Fox, Lawrence R. Glosten, and Gabriel V. Rauterberg

Books from 2018

Book: Securities Market Issues for the 21st Century, Merritt B. Fox, Lawrence R. Glosten, Edward F. Greene, and Manesh S. Patel

PDF

Book Chapter: Initial Public Offerings in the CMU: A U.S. Perspective, Merritt B. Fox

PDF

Book Chapter: The Rise of Foreign Ownership and Corporate Governance, Merritt B. Fox

Publications from 2017

PDF

Article: Evaluating Stock-Trading Practices and Their Regulation, Merritt B. Fox and Kevin S. Haeberle

PDF

Article: Stock Market Futurism, Merritt B. Fox and Gabriel Rauterberg

Publications from 2015

PDF

Article: The New Stock Market: Sense and Nonsense, Merritt B. Fox, Lawrence R. Glosten, and Gabriel Rauterberg

Publications from 2014

PDF

Article: Ongoing Issues in Russian Corporate Governance, Merritt B. Fox

Publications from 2012

PDF

Article: Securities Class Actions Against Foreign Issuers, Merritt B. Fox

Publications from 2009

PDF

Article: Civil Liability and Mandatory Disclosure, Merritt B. Fox

PDF

Article: Short Selling and the News: A Preliminary Report on Empirical Study, Merritt B. Fox, Lawrence R. Glosten, and Paul C. Tetlock