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Author:Dorsman, A.
Buckley, A.
Title:The Amsterdam options exchange in 1998: how the supervisory authorities turned a problem into a crisis
Journal:European Management Journal
2001 : JUN, VOL. 19:3, p. 286-290
Index terms:ECONOMIC CRISIS
STABILIZATION
STOCK MARKETS
NETHERLANDS
Freeterms:MONITORING
Language:eng
Abstract:In the great share price setbacks of 1987 and 1998, financial authorities, in The Netherlands, as elsewhere in the world, adopted policies to stabilise financial markets. The Dutch response was effective in the former case but, in the latter instance, the actions of authorities magnified problems, especially for equity options markets. The analysis of the authors suggests that regulatory authorities pursued a course which corrected for turbulence when financial problems first occurred in 1998 but failed to monitor and restabilise. When a second setback in equity markets impacted later in the year, the original stabilizing policy magnified problems rather than calming them.
SCIMA record nr: 221163
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