Excerpt from Transactional Risk, Market Crashes, and the Role of Circuit Breakers<br><br><br><br>About the Publisher<br><br>Forgotten Books publishes hundreds of thousands of rare and classic books.<br><br>This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works. This text has been digitally restored from a historical edition. Some errors may persist, however we consider it worth publishing due to the work's historical value.<BR>The digital edition of all books may be viewed on our website before purchase.
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Greenwald is the Robert Heilbrunn Professor of Finance and Asset Management at Columbia University Graduate School of Business.
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Seller: Forgotten Books, London, United Kingdom
Paperback. Condition: New. Print on Demand. This book is a comprehensive study on market crashes and market microstructure, explaining how traders can help prevent them. The author examines the October 1987 stock market crash and uses models to demonstrate how imperfections in transactional mechanisms can lead to a market crash. As the book explores the key aspects and characteristics of a market crash, it also introduces the concept of a circuit breaker, and how this mechanism may help improve the market's ability to absorb large volume shocks. The author's findings shed light on the role of speculation and the importance of market design in reducing the likelihood of future crashes. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781332247448_0
Quantity: Over 20 available
Seller: PBShop.store US, Wood Dale, IL, U.S.A.
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781332247448
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781332247448
Quantity: 15 available