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Report of the Presidential Task Force on Market Mechanisms (Classic Reprint): Submitted to the President of the United States, the Secretary of the ... the Federal Reserve Board (Classic Reprint) - Softcover
Synopsis
This book explores the unprecedented events of the October 1987 global stock market crash, analyzing the precipitous market decline of nearly one third within four days of trading. Despite the extreme speed, unprecedented volume, and consequent fragility of the financial system revealed in the crash, this book demonstrates that a coordinated few critical intermarket issues could have helped prevent such a break. Addressing the one-market concept of stocks, futures, and options, the author analyzes regulatory implications, offering recommendations for coordinating intermarket issues and enhancing the integrity and competitiveness of U.S. financial markets. The author identifies the importance of a single agency overseeing critical intermarket issues and providing guidance in the face of market disorder, emphasizing the need for broad, deep expertise in the interaction of related market segments and the financial system as a whole. Through a historical analysis of trading strategies, instruments, markets, and regulations, the author argues that such an agency is essential for reducing the possibility of destructive market breaks and for dealing with such episodes effectively should they occur.
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Excerpt from Report of the Presidential Task Force on Market Mechanisms: Submitted to the President of the United States, the Secretary of the Treasury, and the Chairman of the Federal Reserve Board
From the close of trading Tuesday, October 13, 1987 to the close of trading Monday, October 19, the Dow ]ones Industrial Average declined by almost one third, representing a loss in the value of all outstanding United States stocks of approximately trillion.
What made this market break extraordinary was the speed with which prices fell, the unprecedented volume of trading and the consequent threat to the financial system.
In response to these events, the President created the Task Force on Market Mechanisms. Its mandate was, in 60 days, to determine what happened and why, and to provide guidance in helping to prevent such a break from happening again.
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This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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Report of the Presidential Task Force on Market Mechanisms (Classic Reprint)
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Paperback. Condition: New. Print on Demand. This book explores the unprecedented events of the October 1987 global stock market crash, analyzing the precipitous market decline of nearly one third within four days of trading. Despite the extreme speed, unprecedented volume, and consequent fragility of the financial system revealed in the crash, this book demonstrates that a coordinated few critical intermarket issues could have helped prevent such a break. Addressing the one-market concept of stocks, futures, and options, the author analyzes regulatory implications, offering recommendations for coordinating intermarket issues and enhancing the integrity and competitiveness of U.S. financial markets. The author identifies the importance of a single agency overseeing critical intermarket issues and providing guidance in the face of market disorder, emphasizing the need for broad, deep expertise in the interaction of related market segments and the financial system as a whole. Through a historical analysis of trading strategies, instruments, markets, and regulations, the author argues that such an agency is essential for reducing the possibility of destructive market breaks and for dealing with such episodes effectively should they occur. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781330342398_0
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Report of the Presidential Task Force on Market Mechanisms Submitted to the President of the United States, the Secretary of the Treasury, and the the Federal Reserve Board Classic Reprint
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Report of the Presidential Task Force on Market Mechanisms Submitted to the President of the United States, the Secretary of the Treasury, and the the Federal Reserve Board Classic Reprint
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