Publisher
Federal Reserve System: Board of Governors: Division of Monetary Affairs
Media Date
11-1-2006
Media Type
Document
Content Type
Research Paper
Country/Region
United States
Language
English
Crisis
United States Stock Market Crash (1987)
Intervention
Market Liquidity Program
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.
Recommended Citation
Carlson, Mark, "A Brief History of the 1987 Stock Market Crash with a Discussion of the Federal Reserve Response" (2006). Documents. 1517.
https://elischolar.library.yale.edu/ypfs-documents/1517