IMFBlog2019-03-14T09:22:10-04:00February 28, 2019|
If you are born a girl, you may have to fight for your rights. And without rights, you will not only face discrimination, but also likely have a hard time getting the healthcare and education you will need to be a productive worker and thus have a hard time getting a good paying job. Without productive women in good jobs, the loss of potential output is large. […]
IMFBlog2019-03-25T15:06:55-04:00June 1, 2017|
By IMFBlog
June 1, 2017
Traders on the floor of the New York Stock Exchange (photo: Andrew Kelly/Reuters/Newscom)
On the afternoon of May 6, 2010, a financial tsunami hit Wall Street. Stunned traders watched as graphs on their computer screens traced the vertiginous 998-point plunge in the Dow Jones Industrial Average, which erased $1 trillion in market value in 36 minutes.
There was little in the way of fundamental news to drive such a dramatic decline, and stocks bounced back later that day. The event, quickly dubbed the “flash crash,” focused attention on the role of high-frequency trading and algorithms in amplifying market volatility.
