 Stock Market Instability and Financial RegulationRichard Dale Chapter 17 in The Future of Financial Systems and Services, 1990, pp 295-309 from Palgrave Macmillan Abstract: Abstract The global collapse of equity prices during October 1987 has prompted a major review of the regulation of financial markets worldwide.1 Some have argued that financial deregulation has been carried too far and that what we are witnessing are the destabilising consequences of an excessively permissive regulatory regime. Others take the opposite view and warn that the introduction of new and more stringent regulatory constraints in the aftermath of the crash could further undermine confidence while also imposing needless additional costs on market participants. The eventual outcome of the debate is far from clear but it seems probable that the major deregulation trends will persist despite the events of October 1987 and that any policy changes that may emerge from the present regulatory review will focus on a few specific concerns. The purpose of this chapter is to reassess the longer-term prospects for deregulation/regulation in the light of the recent financial upheaval. Keywords: Banking Sector; Future Market; Circuit Breaker; Security Market; Stock Market Crash (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-10439-0_17 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-10439-0_17 Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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