- Media Type
- Document
- Media Date
- November 2006
- Additional Information
- Finance and Economics Discussion Series, Divisions of Research & Statistics and Monetary Affairs, Federal Reserve Board, Washington, D.C.No 2007-13
Abstract
The 1987 stock market crash was a major systemic shock. Not only did the prices of many financial assets tumble, but market functioning was severely impaired. This paper reviews the events surrounding the crash and discusses the response of the Federal Reserve, which responded in a number of ways to support the operation of financial markets, including the provision of liquidity, in a highly visible fashion. - Crisis
- United States Stock Market Crash (1987)
- Intervention
- Market Liquidity Program
- Content Type
- Research Paper
- Publisher(s)
- Federal Reserve System: Board of Governors: Division of Monetary Affairs
- Author(s)/Creator(s)
- Mark Carlson
- Language(s)
- English
- Country(ies) or Region(s)
- United States
