卖空禁令作为监管工具的预期和附带影响

CGN: Governance Law & Arrangements by Subject Matter (Topic) Pub Date : 2011-10-10 DOI:10.2139/SSRN.2159599

T. Hendershott, Ethan Namvar, B. Phillips

{"title":"卖空禁令作为监管工具的预期和附带影响","authors":"T. Hendershott, Ethan Namvar, B. Phillips","doi":"10.2139/SSRN.2159599","DOIUrl":null,"url":null,"abstract":"Short-sale bans have been frequently utilized globally as a regulatory tool during periods of financial crisis. This paper is a review of the observed intended and unintended effects. We see that short-sale bans have pervasive effects spanning many financial markets that include options, convertible bonds, CDS, and ETFs. Such implications should be of interest to regulators and policymakers when contemplating future bans.","PeriodicalId":309706,"journal":{"name":"CGN: Governance Law & Arrangements by Subject Matter (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2011-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"10","resultStr":"{\"title\":\"The Intended and Collateral Effects of Short-Sale Bans as a Regulatory Tool\",\"authors\":\"T. Hendershott, Ethan Namvar, B. Phillips\",\"doi\":\"10.2139/SSRN.2159599\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Short-sale bans have been frequently utilized globally as a regulatory tool during periods of financial crisis. This paper is a review of the observed intended and unintended effects. We see that short-sale bans have pervasive effects spanning many financial markets that include options, convertible bonds, CDS, and ETFs. Such implications should be of interest to regulators and policymakers when contemplating future bans.\",\"PeriodicalId\":309706,\"journal\":{\"name\":\"CGN: Governance Law & Arrangements by Subject Matter (Topic)\",\"volume\":\"1 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2011-10-10\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"10\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"CGN: Governance Law & Arrangements by Subject Matter (Topic)\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2139/SSRN.2159599\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"CGN: Governance Law & Arrangements by Subject Matter (Topic)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/SSRN.2159599","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}

引用次数: 10

摘要

在金融危机期间，卖空禁令经常在全球范围内被用作监管工具。本文综述了已观察到的预期效应和非预期效应。我们看到卖空禁令对包括期权、可转换债券、CDS和etf在内的许多金融市场都产生了普遍影响。监管机构和政策制定者在考虑未来的禁令时，应该会对这些影响感兴趣。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

查看原文本刊更多论文

The Intended and Collateral Effects of Short-Sale Bans as a Regulatory Tool

Short-sale bans have been frequently utilized globally as a regulatory tool during periods of financial crisis. This paper is a review of the observed intended and unintended effects. We see that short-sale bans have pervasive effects spanning many financial markets that include options, convertible bonds, CDS, and ETFs. Such implications should be of interest to regulators and policymakers when contemplating future bans.

求助全文

通过发布文献求助，成功后即可免费获取论文全文。去求助

来源期刊

CGN: Governance Law & Arrangements by Subject Matter (Topic)

自引率

0.00%

发文量