Leverage and Market Stability: The Role of Margin Rules and Price Limits

American economic review

1992 • 16,670 citations

Bank Runs, Deposit Insurance, and Liquidity

1983 • 8,993 citations

The American Economic Review

2013 • 8,512 citations

Noise Trader Risk in Financial Markets

1990 • 6,029 citations

Agency Costs, Net Worth, and Business Fluctuations.

1989 • 4,683 citations

Market Liquidity, Hedging, and Crashes

1990 • 595 citations

Trade and the Revelation of Information through Prices and Direct Disclosure

1989 • 448 citations

Financial Capacity and Output Fluctuations in an Economy with Multi-Period Financial Relationships

1992 • 230 citations

A theory of price limits in futures markets

1986 • 224 citations

Toward a Fully Automated Stock Exchange, Part I

1971 • 201 citations

Margin Regulation and Stock Market Volatility

1990 • 198 citations

Transactional Risk, Market Crashes, and the Role of Circuit Breakers

1991 • 150 citations

Transactional risk, market crashes, and the role of circuit breakers

1993 • 136 citations

The Task Force Report: The Reasoning Behind the Recommendations

1988 • 118 citations

Margin Requirements, Volatility, and the Transitory Component of Stock Prices

2016 • 116 citations

Underestimation of Portfolio Insurance and the Crash of October 1987

1992 • 113 citations

Stock volatility and margin trading

1990 • 80 citations

The Existence of Pareto-Superior Price Limits

2016 • 76 citations

Market Created Risk

1989 • 55 citations

The Irrelevance of Margin: Evidence from the Crash of '87

1993 • 51 citations

Margin Regulation and Stock Market Volatility

1990 • 47 citations

Price Continuity Rules and Insider Trading

1995 • 21 citations

The Irrelevance of Margin: Evidence from the Crash of '87

1993 • 14 citations

Market Created Risk

1989 • 13 citations