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1 1 (1988)

handle is hein.amenin/aeiaact0001 and id is 1 raw text is: 






         AFTER THE CRASH

Linkages between Stocks and Futures

            Robert J. Mackay, editor

There is no better set of analyses of the stock market crash
of October 1987 and the variety of studies and policy
proposals that followed. It is must reading for any serious
student of the organization of financial markets.
-BURTON G MALKEL
  William S. Beinecke Professor of Management Studies
  Yale University
After the Crash brings together the views of leading
experts and addresses the major public policy issues that
have arisen since the 1987 stock market crash. AEI should
be commended for beginning the important process of
sorting through and evaluating the many studies prepared
in the aftermath of the crash.
-WENDY L. GRAMM
  Chairman, Commodity Futures Trading Commission
The turmoil of October 1987 revealed fundamental
changes in our financial markets. Markets have become
more closely linked, institutional traders have grown in
importance, and new strategies such as computer trading,
index arbitrage, and portfolio insurance have revolution-
ized portfolio management. In its aftermath, the crash led
to proposals for more regulation and other changes in
market practices.
  In this book, informed market participants, regulators,
and academics provide a critical assessment of policy
proposals contained in reports produced by the Brady
commission, the Securities and Exchange Commission, the
Commodity Futures Trading Commission, and the ex-
changes themselves. The contributors evaluate the merits
of regulating margins and capital, of instituting circuit-
breaker mechanisms, and of modifying existing trading
and clearing arrangements,    us $12.00

                                    ISBN 10  0-84473663-5



                                    7FJ0I11 '36631 11 21 0

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