메뉴 건너뛰기




Volumn 71, Issue 2, 1998, Pages 179-210

Leverage and market stability: The role of margin rules and price limits

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0039494243     PISSN: 00219398     EISSN: None     Source Type: Journal    
DOI: 10.1086/209742     Document Type: Article
Times cited : (78)

References (27)
  • 1
    • 84977364496 scopus 로고
    • Agency costs, net worth and business fluctuations
    • Bernanke, B., and Gertler, M. 1989. Agency costs, net worth and business fluctuations. American Economic Review 79:14-31.
    • (1989) American Economic Review , vol.79 , pp. 14-31
    • Bernanke, B.1    Gertler, M.2
  • 2
    • 0002411792 scopus 로고
    • Toward a fully automated stock exchange: Part 1
    • Black, F. 1971. Toward a fully automated stock exchange: Part 1. Financial Analysts Journal 27:28-35.
    • (1971) Financial Analysts Journal , vol.27 , pp. 28-35
    • Black, F.1
  • 4
    • 0039413069 scopus 로고
    • SEC chairman urges capital rules that cover all types of securities
    • Nexis. (June 15)
    • Breeden, R. 1992. SEC Chairman urges capital rules that cover all types of securities. International Securities Regulation Report. Nexis. (June 15).
    • (1992) International Securities Regulation Report
    • Breeden, R.1
  • 5
    • 33748491952 scopus 로고
    • A theory of price limits in futures markets
    • Brennan, M. J. 1986. A theory of price limits in futures markets. Journal of Financial Economics 16:213-33.
    • (1986) Journal of Financial Economics , vol.16 , pp. 213-233
    • Brennan, M.J.1
  • 9
    • 0039413067 scopus 로고
    • Federal reserve margin requirements: A regulatory initiative to inhibit speculative bubbles
    • Paul Wachtel (ed.). Lexington, Mass.: Lexington Books
    • Garbade, K. D. 1982. Federal reserve margin requirements: A regulatory initiative to inhibit speculative bubbles. In Paul Wachtel (ed.). Crises in the Economic and Financial Structure. Lexington, Mass.: Lexington Books.
    • (1982) Crises in the Economic and Financial Structure
    • Garbade, K.D.1
  • 10
    • 0001578670 scopus 로고
    • Market liquidity, hedging, and crashes
    • Genotte, G., and Leland, H. 1990. Market liquidity, hedging, and crashes. American Economic Review 80:999-1021.
    • (1990) American Economic Review , vol.80 , pp. 999-1021
    • Genotte, G.1    Leland, H.2
  • 11
    • 84963036490 scopus 로고
    • Financial capacity and output fluctuations in an economy with multiperiod financial relationships
    • Gertler, M. 1992. Financial capacity and output fluctuations in an economy with multiperiod financial relationships. Review of Economic Studies 59:455-72.
    • (1992) Review of Economic Studies , vol.59 , pp. 455-472
    • Gertler, M.1
  • 12
    • 0011539972 scopus 로고
    • The task force report: The reasoning behind the recommendations
    • Greenwald, B. C., and Stein, J. C. 1988. The Task Force Report: The reasoning behind the recommendations. Journal of Economic Perspectives 2:3-24.
    • (1988) Journal of Economic Perspectives , vol.2 , pp. 3-24
    • Greenwald, B.C.1    Stein, J.C.2
  • 13
    • 0001088697 scopus 로고
    • Transactional risk, market crashes, and the role of circuit breakers
    • Greenwald, B. C., and Stein, J. C. 1991. Transactional risk, market crashes, and the role of circuit breakers. Journal of Business 64:443-62.
    • (1991) Journal of Business , vol.64 , pp. 443-462
    • Greenwald, B.C.1    Stein, J.C.2
  • 14
    • 0039413065 scopus 로고
    • Institutional investing and new trading technologies
    • Report to the Board of Directors of the New York Stock Exchange
    • Grossman, S. J. 1990. Institutional investing and new trading technologies. In Market Volatilitv and Investor Confidence, pp. G2-1-G2-17. Report to the Board of Directors of the New York Stock Exchange.
    • (1990) Market Volatilitv and Investor Confidence
    • Grossman, S.J.1
  • 15
    • 84968267756 scopus 로고
    • Working paper. Chicago: University of Chicago, Graduate School of Business
    • Grossman, S. J., and Miller, M. H. 1986. Market Liquidity. Working paper. Chicago: University of Chicago, Graduate School of Business.
    • (1986) Market Liquidity
    • Grossman, S.J.1    Miller, M.H.2
  • 16
    • 0000086971 scopus 로고
    • Trade and revelation of information through prices and direct disclosure
    • Grundy, B. D., and McNichols, M. 1989. Trade and revelation of information through prices and direct disclosure. Review of Financial Studies 2:495-526.
    • (1989) Review of Financial Studies , vol.2 , pp. 495-526
    • Grundy, B.D.1    McNichols, M.2
  • 17
    • 0000211321 scopus 로고
    • Margin requirements, volatility, and the transitory component of stock prices
    • Hardouvelis, G. A. 1990. Margin requirements, volatility, and the transitory component of stock prices. American Economic Review 80:736-62.
    • (1990) American Economic Review , vol.80 , pp. 736-762
    • Hardouvelis, G.A.1
  • 18
    • 84977729844 scopus 로고
    • Margin regulation and stock market volatility
    • Hsieh, D. A., and Miller, M. H. 1990. Margin regulation and stock market volatility. Journal of Finance 45:3-29.
    • (1990) Journal of Finance , vol.45 , pp. 3-29
    • Hsieh, D.A.1    Miller, M.H.2
  • 19
  • 21
    • 0011518335 scopus 로고
    • Working paper. Minneapolis: University of Minnesota; London: London School of Economics
    • Kiyotaki, N., and Moore, J. 1993. Credit cycles. Working paper. Minneapolis: University of Minnesota; London: London School of Economics.
    • (1993) Credit Cycles
    • Kiyotaki, N.1    Moore, J.2
  • 22
    • 0008565431 scopus 로고
    • The existence of pareto-superior price limits
    • Kodres, L. E., and O'Brien, D. P. 1994. The existence of Pareto-superior price limits. American Economic Review 84:919-32.
    • (1994) American Economic Review , vol.84 , pp. 919-932
    • Kodres, L.E.1    O'Brien, D.P.2
  • 25
    • 0010811640 scopus 로고
    • Rational asset-price movements without news
    • Romer, D. 1993. Rational asset-price movements without news. American Economic Review 83:1112-30.
    • (1993) American Economic Review , vol.83 , pp. 1112-1130
    • Romer, D.1
  • 26
    • 38249020599 scopus 로고
    • Stock volatility and margin trading
    • Seguin, P. J. 1990. Stock volatility and margin trading. Journal of Monetary Economics 26:101-21.
    • (1990) Journal of Monetary Economics , vol.26 , pp. 101-121
    • Seguin, P.J.1
  • 27
    • 84993660920 scopus 로고
    • The irrelevance of margin: Evidence from the crash of '87
    • Seguin, P. J., and Jarrell, G. A. 1993. The irrelevance of margin: Evidence from the crash of '87. Journal of Finance 48:1457-73.
    • (1993) Journal of Finance , vol.48 , pp. 1457-1473
    • Seguin, P.J.1    Jarrell, G.A.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.