Download or read book Market Circuit Breakers written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Securities and published by . This book was released on 1999 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A First Class Catastrophe written by Diana B. Henriques and published by Henry Holt. This book was released on 2017-09-19 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The definitive account of the crash of 1987, a cautionary tale of how the U.S. financial system nearly collapsed ... Monday, October 19, 1987, was by far the worst day in Wall Street history. The market fell 22.6 percent--almost twice as bad as the worst day of 1929--equal to a loss of nearly 5,000 points today. But Black Monday was more than just a one-day market crash; it was seven years in the making and threatened the entire U.S. financial system. Drawing on superlative archival research and dozens of original interviews, the award-winning financial journalist Diana B. Henriques weaves a tale of ignored warnings, market delusions, and destructive decisions, a drama that stretches from New York and Washington to Chicago and California. Among the central characters are pension fund managers, bank presidents, government regulators, exchange executives, and a pair of university professors whose bright idea for reducing risk backfires with devastating consequences. As the story hurtles toward a terrible reckoning, the players struggle to avoid a national panic, and unexpected heroes step in to avert total disaster. For thirty years, investors, bankers, and regulators have failed to heed the lessons of Black Monday. But with uncanny precision, all the key fault lines of the devastating crisis of 2008--breakneck automation, poorly understood financial products fueled by vast amounts of borrowed money, fragmented regulation, gigantic herdlike investors--were first exposed as hazards in 1987. A First-Class Catastrophe offers a new way of looking not only at the past but at our financial future as well."--Dust jacket.

Download or read book TRANSACTIONAL RISK MARKET CRASHES AND THE ROLE OF CIRCUIT BREAKERS written by BRUCE C. GREENWALD and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Market Circuit Breakers written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Securities and published by . This book was released on 1999 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Transactional Risk Market Crashes and the Role of Circuit Breakers written by Bruce C N Greenwald and published by Legare Street Press. This book was released on 2023-07-18 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Greenwald and Stein examine the role of circuit breakers in preventing market crashes and mitigating transactional risk. Using case studies and empirical evidence, they propose practical solutions for improving the effectiveness of circuit breakers in volatile markets. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Download or read book Transactional Risk Market Crashes and the Role of Circuit Breakers Classic Reprint written by Bruce C. Greenwald and published by Forgotten Books. This book was released on 2015-08-05 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Transactional Risk, Market Crashes, and the Role of Circuit Breakers Bell Communications Research Sloan School of Management, m.i.t. We thank Jim Gammill, Hank mcmillan Andre Perold, Robert Schwartz, Eric Sirri, Larry Summers, an anonymous referee and seminar participants at the cftc, the sec, the Federal Reserve and the Western Finance meetings for helpful comments. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Download or read book Report of the Presidential Task Force on Market Mechanisms written by United States. Presidential Task Force on Market Mechanisms and published by . This book was released on 1988 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Power Circuit Breaker Theory and Design written by Charles H. Flurscheim and published by IET. This book was released on 1982 with total page 632 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title discusses, in depth, the wide range of technologies that are involved in power circuit breaker design by analysing the theoretical and practical problems.

Download or read book IEEE Recommended Practice for Applying Low voltage Circuit Breakers Used in Industrial and Commercial Power Systems written by IEEE Standards Board and published by Inst of Elect & Electronic. This book was released on 1997-01-01 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: Information is provided for selecting the proper circuit breaker for a particular application. This recommended practice helps the application engineer specify the type of circuit breaker, ratings, trip functions, accessories, acceptance tests, and maintenance requirements. It also discusses circuit breakers for special applications, e.g., instantaneous only and switches. In addition, it provides information for applying circuit breakers at different locations in the power system, and for protecting specific components. Guidelines are also given for coordinating combinations of line-side and load-side devices.

Download or read book A Market Stabilization Mechanism circuit Breaker written by and published by . This book was released on 2003 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The term "circuit breaker" originates in electrical engineering to describe a pre-set switch that shuts down electrical activity in excess of a system's design capacity. Since late 1988, the New York Stock Exchange has been imposing circuit breaker systems, which mandate trading halts for a stipulated period of time if the Dow Jones Industrial Average moves by more than a certain amount compared to the previous day's close. Besides the U.S., many countries in the world have also imposed circuit breaker systems in an attempt to reduce market volatility. The purpose of this dissertation is to examine the effectiveness of circuit breaker systems in financial markets. In the first chapter, I conduct a thorough review of the literature on circuit breaker systems and provide suggestions for future studies on this issue. The review covers theoretical background, empirical evidence from both stock markets and futures markets, and the related research methodology. The results of an in-depth analysis of current circuit breaker systems in the world are presented in this chapter. There are two different types of circuit breakers: trading halts and price limits. My second chapter is designed to test the performance of price limits empirically using initial public offering (IPO) data. I compare IPOs with their industry-and-size matched seasoned equities to test three hypothesis raised by price-limit opponents. My results represent the performance of price limits for IPOs and can be used to predict the performance of price limits during periods with high information asymmetry. The most popular rationale for imposing price limits is to reduce market overreaction and volatility. To date, the empirical literature does not give a clear answer on whether price limits reduce or induce overreaction. Therefore, I examine trade-to-trade data in an effort to provide insight to the ongoing debate over the relation between price limits and overreaction in chapter three. I test two hypotheses to investigate whether price limits reduce or induce overreaction. Overall, I conclude that price limits induce overreaction when the price is approaching the limit, but they also reduce overreaction when prices hit the limit consecutively.

Download or read book Circuit Breakers and Other Market Volatility Procedures written by and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book An Appraisal of Stock Markets Circuit Breakers written by D. Miles and published by . This book was released on 1988 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Market Circuit Breakers written by Phil Gramm and published by . This book was released on 2001-11 with total page 157 pages. Available in PDF, EPUB and Kindle. Book excerpt: Witnesses: John D. Hawke, Jr., Under Secretary for Domestic Finance, Dept. of Treasury; Susan M. Phillips, Member, Board of Governors of the Fed. Reserve System; Arthur Levitt, Chairman, U.S. Securities & Exchange Commission; Brooksley Born, Chairperson, Commodity Futures Trading Commission; James L. Cochrane, Sr. V. P. & Chief Economist, N.Y. Stock Exchange; M. Scott Gordon, Chmn. Chicago Mercantile Exchange; Jack Sander, Special Policy Advisor, Chicago Mercantile Exchange; James F. Duffy, Exec. V.P. & Gen. Counsel, American Stock Exchange, Inc.; & Richard G. Ketchum, Exec. V.P. & Chief Operating Officer, Nat. Assoc. of Securities Dealers.

Download or read book Financial Markets Theory written by Emilio Barucci and published by Springer. This book was released on 2017-06-08 with total page 836 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work, now in a thoroughly revised second edition, presents the economic foundations of financial markets theory from a mathematically rigorous standpoint and offers a self-contained critical discussion based on empirical results. It is the only textbook on the subject to include more than two hundred exercises, with detailed solutions to selected exercises. Financial Markets Theory covers classical asset pricing theory in great detail, including utility theory, equilibrium theory, portfolio selection, mean-variance portfolio theory, CAPM, CCAPM, APT, and the Modigliani-Miller theorem. Starting from an analysis of the empirical evidence on the theory, the authors provide a discussion of the relevant literature, pointing out the main advances in classical asset pricing theory and the new approaches designed to address asset pricing puzzles and open problems (e.g., behavioral finance). Later chapters in the book contain more advanced material, including on the role of information in financial markets, non-classical preferences, noise traders and market microstructure. This textbook is aimed at graduate students in mathematical finance and financial economics, but also serves as a useful reference for practitioners working in insurance, banking, investment funds and financial consultancy. Introducing necessary tools from microeconomic theory, this book is highly accessible and completely self-contained. Advance praise for the second edition: "Financial Markets Theory is comprehensive, rigorous, and yet highly accessible. With their second edition, Barucci and Fontana have set an even higher standard!"Darrell Duffie, Dean Witter Distinguished Professor of Finance, Graduate School of Business, Stanford University "This comprehensive book is a great self-contained source for studying most major theoretical aspects of financial economics. What makes the book particularly useful is that it provides a lot of intuition, detailed discussions of empirical implications, a very thorough survey of the related literature, and many completely solved exercises. The second edition covers more ground and provides many more proofs, and it will be a handy addition to the library of every student or researcher in the field."Jaksa Cvitanic, Richard N. Merkin Professor of Mathematical Finance, Caltech "The second edition of Financial Markets Theory by Barucci and Fontana is a superb achievement that knits together all aspects of modern finance theory, including financial markets microstructure, in a consistent and self-contained framework. Many exercises, together with their detailed solutions, make this book indispensable for serious students in finance."Michel Crouhy, Head of Research and Development, NATIXIS

Download or read book Capital Markets of India written by Alan R. Kanuk and published by John Wiley & Sons. This book was released on 2011-07-22 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Capital Markets in India: An Investor's Guide aims to provide the first comprehensive book on investing in the India markets. India is right now at the forefront of globalization. The book's focus is on the equity market, but it also addresses derivatives, fixed income, and foreign direct investments. Chapter topics include facts about the Indian economy; the Foreign Institutional Investor (FII) regulations, registration process, and applications; detail about the market regulation and the regulator; the very important market safeguards built into the Indian market systems; and lists of companies ranked by various criteria such as capitalization, turnover, industry, and earnings. The book even supplies investors and traders with contact information for many of the key institutions and market players. Readers will not only gain basic information about how the markets in India work, but also the contacts and facts to help them with their own investing plan.

Download or read book High Voltage Circuit Breakers written by Ruben D. Garzon and published by CRC Press. This book was released on 2002-06-04 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt: This newly revised and updated reference presents sensible approaches to the design, selection, and usage of high-voltage circuit breakers-highlighting compliance issues concerning new and aging equipment to the evolving standards set forth by the American National Standards Institute and the International Electrotechnical Commission. This edition features the latest advances in mechanical and dielectric design and application from a simplified qualitative perspective. High Voltage Circuit Breakers: Design and Applications features new material on contact resistance, insulating film coatings, and fretting; temperature at the point of contact; short-time heating of copper; erosion and electromagnetic forces on contacts; closing speed and circuit breaker requirements; "weld" break and contact bounce; factors influencing dielectric strength; air, SF6, vacuum, and solid insulation; and dielectric loss and partial discharges, and includes updated chapters on capacitance switching; switching series and shunt reactors; temporary overvoltages; and the benefits of condition monitoring.

Download or read book Black Monday and the Future of Financial Markets written by Robert J. Barro and published by Irwin Professional Publishing. This book was released on 1989 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: