The failings of financial markets

金融市场的失灵

• 批准号: DP200101445
• 负责人: Prof Talis Putnins
• 金额: $ 13.44万
• 依托单位: University of Technology Sydney
• 依托单位国家: 澳大利亚
• 项目类别: Discovery Projects
• 财政年份: 2020
• 资助国家: 澳大利亚
• 起止时间: 2020-07-01 至 2024-09-30
• 项目状态: 已结题
• 来源: https://dataportal.arc.gov.au/RGS/Web/Grants/DP200101445
• 关键词: failings; financial; markets

Financial markets are failing to serve society. The recent Royal Commission into Misconduct in Financial Services has highlighted many examples, as have major litigation cases against Australia’s banks for market manipulation at enormous scale. Markets are becoming increasingly fragile with the automation of trading and are failing in funding companies, with fewer companies listing on stock markets. This project will investigate how and why financial markets are failing, what are the real effects of these failings, and what should be done about them. The project will develop policy solutions to mitigate the failings, thereby enhancing Australia’s economic prosperity, benefitting retirement savings, and improving regulatory efficiency.

金融市场未能为社会服务。最近的皇家金融服务不当行为委员会（The Royal Commission into Misconduct in Financial Services）就强调了许多例子，还有针对澳大利亚银行大规模操纵市场的重大诉讼案件。随着交易的自动化，市场变得越来越脆弱，在为公司提供资金方面也越来越失败，在股票市场上市的公司越来越少。这个项目将调查金融市场是如何以及为什么失败的，这些失败的真实的影响是什么，以及应该做些什么。该项目将制定政策解决方案，以减轻失败，从而促进澳大利亚的经济繁荣，有利于退休储蓄，并提高监管效率。