Since the US stock market crashed on October 19, 1987, many studies
have been conducted to learn from this experience in the hopes of
avoiding a similarly adverse future fall. The book, originally
published as a special issue of the Journal of Financial Services
Research, considers some of the important policy adjustments that
have been implemented in the wake of the 1987 crash. Taken
separately and together, these five papers offer a synthesis and
summary of the most important policy innovations that have evolved
since the largest single-day decline in stock market history.
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