1934 and stock market volatility
Regulation, Trading Volume and Stock Market Volatility. The perception that speculation contributes to excess volatility in securities markets has been a concern of policymakers at least since the turn of the century.
For example, the committee appointed by New York Governor Hughes to study U. In the wake of the October stock market crash, there has been renewed interest in proposals to dampen volatility by limiting speculative trading.
Many of the proposals of the post-crash studies, such as the Presidential Task Force on Market Mechanisms, relate to trading in stock index futures with, because of their low transactions costs and apparently low margin requirements, are viewed as facilitating speculative activity. Consistent with this view, stock market volume has grown significantly since the introduction of index futures in Kansas City and Chicago in Figure 1 indicates that daily share turnover on the New York Stock Exchange.
Robert J. Shiller - Wikipedia
Secutities and Exchange Commission , Dr. Treasury Department and Professor Sheridan Titman UCLA.
Regulation, Trading Volume and Stock Market Volatility - Persée
The views expressed here are those of the author and do not necessarily represent the views of the Securities and Exchange Commission. Regulation, Trading Volume and Stock Market Volatility [article] J.
Regulation, Trading Volume and Stock Market Volatility J.