Transactional Risk, Market Crashes, and the Role of Circuit Breakers¶
Greenwald, B. C., & Stein, J. C. (1991). Transactional Risk, Market Crashes, and the Role of Circuit Breakers. The Journal of Business, 64(4), 443-462.
Cited by¶
1 citation across 1 artifact.
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Mechanisms¶
- Deliberate Response-Delay Window
- Financial markets institutionalize the same logic as the trading circuit breaker — a mandatory halt when prices move too fast, so information can catch up before a cascade completes.
This sourceDescribes mandated market halts as circuit breakers used when markets move rapidly.
- Financial markets institutionalize the same logic as the trading circuit breaker — a mandatory halt when prices move too fast, so information can catch up before a cascade completes.
Verification¶
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Registry ID ref:5780bee2a047 · see in the full table