The Amsterdam options exchange in 1998:: How the supervisory authorities turned a problem into a crisis

André Dorsman and Adrian Buckley

European Management Journal, 2001, vol. 19, issue 3, 286-290

Abstract: In the great share price setbacks of 1987 and 1998, financial authorities, in The Netherlands, as elsewhere in the world, adopted policies to stabilise financial markets. The Dutch response was effective in the former case but, in the latter instance, the actions of authorities magnified problems, especially for equity options markets. Our analysis suggests that regulatory authorities pursued a course which corrected for turbulence when financial problems first occurred in 1998 but failed to monitor and restabilise. When a second setback in equity markets impacted later in the year, the original stabilising policy magnified problems rather than calming them.

Keywords: Financial; crisis; Equity; options; Regulatory; authorities; Stabilisation; policy; Monitoring (search for similar items in EconPapers)
Date: 2001
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0263237301000251
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:eurman:v:19:y:2001:i:3:p:286-290

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/115/bibliographic
http://www.elsevier. ... me/115/bibliographic

Access Statistics for this article

European Management Journal is currently edited by Michael Haenlein

More articles in European Management Journal from Elsevier
Bibliographic data for series maintained by Catherine Liu ().