A brief history of the 1987 stock market crash with a discussion of the Federal Reserve response

The 1987 stock market crash was a major systemic shock. Not only did the prices of many financial 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 financial markets, including the provision of liquidity, in a highly visible fashion.

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Year of publication:	2006
Authors:	Carlson, Mark
Institutions:	Federal Reserve Board (Board of Governors of the Federal Reserve System)
Subject:	Stock Market Crash \| 1987 \| Stock market \| Board of Governors of the Federal Reserve System (U.S.)

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Extent:	text/html application/pdf
Series:	Finance and Economics Discussion Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 2007-13
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005721157