Lessons and Reflections

Margaret Reid

Chapter 12 in All-Change in the City, 1988, pp 261-266 from Palgrave Macmillan

Abstract: Abstract Governments these days are like the magician who let the genie out of the bottle and could not recapture or control it. Influenced by free-market ideology and the new technology, they have removed shackles on money switches among nations and dropped barriers between markets, so unleashing vast sums to roam the globe in quest of profit. Yet risks are inseparable from these heady conditions. Nor is it difficult at the start of 1988, and after the experience of the October 1987 stock market ‘meltdown’, to identify areas of particular hazard.

Keywords: Stock Market; Central Bank; Portfolio Insurance; Volatile Stock Market; Stock Market Crash (search for similar items in EconPapers)
Date: 1988
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-07005-3_12

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DOI: 10.1007/978-1-349-07005-3_12

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