Wei, Shih Yung; Yang, Jack J. W. - In: The International Journal of Business and Finance Research 5 (2011) 4, pp. 89-98
Governments implement policies to stabilize stock markets in times of financial crisis. The most common intervention is to forbid short sales. For instance, around the financial crisis of 2008, eleven governments announced restrictions on naked short sales in their stock markets. In light of the...