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- W2092753743 abstract "We examine the role of program trading and portfolio insurance in the market crash of 1987. We argue that the only plausible explanation for the sequence and magnitude of the events in October 1987 is the existence of portfolio insurance. Other explanations such as in vestor behavior are discussed." @default.
- W2092753743 created "2016-06-24" @default.
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- W2092753743 date "2005-01-01" @default.
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- W2092753743 title "Derivatives and the 1987 market crash" @default.
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- W2092753743 doi "https://doi.org/10.1108/01409170510784742" @default.
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