STOCK INDEX FUTURES AND THE CRASH OF '87

Abstract

Journal of Applied Corporate FinanceVolume 1, Issue 4 p. 6-17 STOCK INDEX FUTURES AND THE CRASH OF '87 Merton H. Miller, Merton H. Miller Robert R. McCormick Distinguished Service Professor at the University of Chicago's Graduate School of Business. He is a past President of the American Finance Association, as well as one of the three editors of the Journal of Business.Search for more papers by this authorBurton Malkiel, Burton Malkiel Frank E. Buck Professor of Finance at Stanford University's Graduate School of Business. Before coming to Stanford, he was Professor of Banking and Finance at the University of Chicago's Graduate School of Business. He is also the co-originator, with Fischer Black, of the Black-Scholes Option Pricing Model that is discussed throughout this issue.Search for more papers by this authorMyon Scholes, Myon Scholes Chemical Bank Professor and Chairman of the Economics Department at Princeton University. Professor Malkiel is also author of the economics best-seller, A Random Walk Down Wall Street.Search for more papers by this authorJohn D. Hawke JK., John D. Hawke JK. Senior Partner at Arnold & Porter, Washington, D.C. He served as General Counsel to the Board of Governors of the Federal Reserve System from 1975 to 1978. Mr. Hawke, who speaks and writes frequently on issues of financial regulation, is a member of the Shadow Financial Regulatory Committee and has taught courses in financial regulation at Georgetown University Law School and the Morin Center for Banking Law Studies at Boston University School of Law.Search for more papers by this author Merton H. Miller, Merton H. Miller Robert R. McCormick Distinguished Service Professor at the University of Chicago's Graduate School of Business. He is a past President of the American Finance Association, as well as one of the three editors of the Journal of Business.Search for more papers by this authorBurton Malkiel, Burton Malkiel Frank E. Buck Professor of Finance at Stanford University's Graduate School of Business. Before coming to Stanford, he was Professor of Banking and Finance at the University of Chicago's Graduate School of Business. He is also the co-originator, with Fischer Black, of the Black-Scholes Option Pricing Model that is discussed throughout this issue.Search for more papers by this authorMyon Scholes, Myon Scholes Chemical Bank Professor and Chairman of the Economics Department at Princeton University. Professor Malkiel is also author of the economics best-seller, A Random Walk Down Wall Street.Search for more papers by this authorJohn D. Hawke JK., John D. Hawke JK. Senior Partner at Arnold & Porter, Washington, D.C. He served as General Counsel to the Board of Governors of the Federal Reserve System from 1975 to 1978. Mr. Hawke, who speaks and writes frequently on issues of financial regulation, is a member of the Shadow Financial Regulatory Committee and has taught courses in financial regulation at Georgetown University Law School and the Morin Center for Banking Law Studies at Boston University School of Law.Search for more papers by this author First published: Winter 1989 https://doi.org/10.1111/j.1745-6622.1989.tb00170.xCitations: 6Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinked InRedditWechat Citing Literature Volume1, Issue4Winter 1989Pages 6-17 RelatedInformation