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.
Books from 2019
Book: The New Stock Market: Law, Economics, and Policy, Merritt B. Fox, Lawrence R. Glosten, and Gabriel V. Rauterberg