Since the US stock market crashed on October 19, 1987, many studies have been conducted to learn from this experience in the hopes of avoiding a similarly adverse future fall. The book, originally published as a special issue of the Journal of Financial Services Research, considers some of the important policy adjustments that have been implemented in the wake of the 1987 crash. Taken separately and together, these five papers offer a synthesis and summary of the most important policy innovations that have evolved since the largest single-day decline in stock market history.Banks and bank holding companies could engage in securities and insurance activities, just as securities firms and insurance companies could acquire banks. Any company could enter the financial services industry, just as any companyanbsp;...
|Title||:||Stock Market Policy Since the 1987 Crash|
|Author||:||Hans R. Stoll|
|Publisher||:||Springer Science & Business Media - 2012-12-06|