Review: A Brief History of the 1987 Stock Market Crash
October 23rd, 2010 Filed under: Online Bankruptcy — Bankruptcy Author
A Brief History of the 1987 Stock Market Crash with a Discussion of the Federal Reserve Response. 18 pages – Abstract The 1987 stock market crash was a major systemic shock. Not only did the prices of many nancial assets tumble, but market functioning was severely impaired. This paper reviews the events surrounding the crash and discusses the response of the Federal Reserve, which responded in a number of ways to support the operation of nancial markets, including the provision of liquidity, in a highly visible fashion.
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