exchange.

Description Adam Smith hypothesized that impersonal exchange was necessary for a society to develop specialized division of labor and create wealth. Douglass North and Vernon Smith argue that successful developed economies are the result of institutions. We hypothesize and provide evidence from...

Surveillance BSE is one of the few stock exchanges in the world, which has obtained the ISO certification for its surveillance function. The main objective of the surveillance function is to promote market integrity in two ways, By monitoring price and volume movements (volatility) as well as...