The Amsterdam options exchange in 1998:: How the supervisory authorities turned a problem into a crisis
In the great share price setbacks of 1987 and 1998, financial authorities, in The Netherlands, as elsewhere in the world, adopted policies to stabilise financial markets. The Dutch response was effective in the former case but, in the latter instance, the actions of authorities magnified problems, especially for equity options markets. Our analysis suggests that regulatory authorities pursued a course which corrected for turbulence when financial problems first occurred in 1998 but failed to monitor and restabilise. When a second setback in equity markets impacted later in the year, the original stabilising policy magnified problems rather than calming them.
Year of publication: |
2001
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Authors: | Dorsman, André ; Buckley, Adrian |
Published in: |
European Management Journal. - Elsevier, ISSN 0263-2373. - Vol. 19.2001, 3, p. 286-290
|
Publisher: |
Elsevier |
Keywords: | Financial crisis Equity options Regulatory authorities Stabilisation policy Monitoring |
Saved in:
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