Report of the Presidential Task Force on Market Mechanisms

Mechanisms, P. T. F. o. M. (1988). Report of the Presidential Task Force on Market Mechanisms.

Type

Book

Intellectual base

Review or monograph

Year

1988

Link

https://archive.org/details/reportofpresiden01unit

Cited from

engineering_design

Cited by

1 citation across 1 artifact.

Each citation links to the sentence it supports in the citing article.

Primes

• Circuit Breaker
  • The mechanism was introduced explicitly in response to the 1987 "Black Monday" crash, a deliberate import of the electrical metaphor into market microstructure.

    This sourceU.S. Government Printing Office. Post-Black Monday (Oct. 19, 1987) inquiry chaired by Nicholas Brady that recommended coordinated market-wide trading halts ('circuit breakers') at staged index-decline thresholds (adopted by U.S. markets in Oct. 1988; later codified as NYSE Rule 80B), a deliberate import of the electrical metaphor into market microstructure.

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