NEWS

Global Summary of Emergency Short Selling Restrictions

Researchers Seraina N. Gruenewald (University of Zurich), Alexander F. Wagner (University of Zurich), and Rolf Weber (Rechtswissenschaftliches Institut) provide a global overview of the emergency short selling restrictions imposed in 2008 in response to the financial crisis. In their August 4, 2009 paper, they write: “Although not all countries have implemented short selling restrictions, their impact is massive: Approximately 80 percent of the December 2008 stock market capitalizations of the countries in our sample were directly or indirectly affected by some emergency short selling restriction.”