Publication
Mar 2012
This brief draws attention to the role that fear of a stampede plays in precipitating the next stock market crash, prompting policy-makers to impose short-selling restrictions. This is despite evidence to the contrary — namely, that such fears are misplaced because the evidence in their favor is weak to non-existent. History, in the form of recurring economic crises, does indeed repeat itself.
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English (PDF, 12 pages, 2.0 MB) |
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Author | Pierre Siklos |
Series | CIGI Policy Briefs |
Issue | 22 |
Publisher | Centre for International Governance Innovation (CIGI) |
Copyright | © 2012 Centre for International Governance Innovation (CIGI). This work is licensed under a Creative Commons Attribution-Non-commercial — No Derivatives Licence. |