The Fed's slow pace is warranted, he argued, by the knowledge that premature or excessive moves could precipitate
disorderly markets or recession.
As for the necessity of authorities stepping into the market to address excessive volatility in exchange rates, he said, "Intervention can be used to avoid
disorderly markets," but added, "That should be in the context of an exchange rate system that remains market-determined."
spot foreign exchange interventions to stabilize financial markets in the wake of disruptions such as the Kennedy assassination and the Cuban Missile Crisis (Bordo, Humpage, and Schwartz, 2007) presaged interventions to counter "
disorderly markets" in the 1996-2011 period.
FSP FAS 157-4 offers insights into determining when "the volume and level of activity" for asset transactions have "significantly decreased" such that quoted prices "may not be determinative of fair value because of increased instances of transactions that are not orderly." A number of factors, which are illustrative but not exhaustive, are suggested that, if present, could imply
disorderly markets and hence unreliable price data.
It said yesterday: "Extending the regime will continue to help reduce the potential for abusive behaviour and
disorderly markets.
When the ban was introduced, FSA chief executive Hector Sants said that while short-selling was a legitimate investment technique in normal market conditions, "extreme circumstances" had given rise to "
disorderly markets".
FSA chief executive Hector Sands, who will review the decision next month, said: "While we still regard short-selling as a legitimate investment technique in normal market conditions, the current extreme circumstances have given rise to
disorderly markets.
Financial Services Authority (FSA) chief executive Hector Sants said: "While we still regard short-selling as a legitimate investment technique in normal market conditions, the current extreme circumstances have given rise to
disorderly markets.
Financial Services Authority chief executive Hector Sants said: "While we still regard short-selling as a legitimate investment technique in normal market conditions, the current extreme circumstances have given rise to
disorderly markets."
Financial Services Authority chief executive Hector Sants, said: "While we still regard short-selling as a legitimate investment technique in normal market conditions, the current extreme circumstances have given rise to
disorderly markets.
However, it can intervene, buying or selling, to correct or limit deviations from a desired exchange rate, limit volatility of
disorderly markets, supply foreign exchange and accumulate foreign reserves.
Disorderly Markets -sets out the powers needed by market authorities to intervene in the markets to address disorderly conditions;
