Transacting without pricing, pricing without transacting

Jacques-Olivier Charron

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Please cite the paper as:
“Jacques-Olivier Charron, (2012), Transacting without pricing, pricing without transacting, World Economics Association (WEA) Conferences, No. 3 2012, Rethinking Financial Markets, 1st November to 31st December, 2012”

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Abstract

The paper argues in favor of a radical disconnection between the exchange function and the valuation function of financial markets. It defends it from an investee’s point of view, mainly on the grounds that valuing financial assets is a matter of judgment.


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Custodial relations Financial institutions Financial instruments Financial markets (exchanges) Fiscal and monetary policy Labor markets and social capitalism market Middle Classes minimum income programs money Money Market Funds Orderly Liquidation Authority politics politics. international Post-War Economy pricing private privatization public public currency Recent history and the art of the possible regulate regulation sanctions violation Sarbanes-Oxley Savings and Loan Crisis Saving the Euro Standard Chartered state-federal relations stock market Sub-Prime Crisis suitability suitability rules Tax taxes on financial transactions The Great Inflation The Great Moderation Time traded shares traded value translation transnational communication Tri-party Repos valuation Volcker Rule