Isbn: 9781332247448 - transactional risk, market crashes, and the role of circuit breakers (classic reprint) (3 Ergebnisse)

PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000.

Paperback. Zustand: New. Print on Demand. This book is a comprehensive study on market crashes and market microstructure, explaining how traders can help prevent them. The author examines the October 1987 stock market crash and uses models to demonstrate how imperfections in transactional mechanisms can lead to a market crash. As the book explores the key aspects and characteristics of a market crash, it also introduces the concept of a circuit breaker, and how this mechanism may help improve the market's ability to absorb large volume shocks. The author's findings shed light on the role of speculation and the importance of market design in reducing the likelihood of future crashes. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.…