In fact, the unilateral move was interpreted by markets as an act of erratic regulatory spite, resulting in more panic selling.
Deflation serves no benefit to the Federal Reserve, as declining prices spur positive-feedback panic selling and bank runs, and debt repayments in nominal terms under deflation cause real losses.
It would trigger panic selling of the dollar.
It also leads to panic selling, when dips in the stock market feel like the person's money is being taken away.
panic selling of securities.
Frozen credit markets and the prospect of a global recession have led to panic selling on the world's stock markets.
The Asian Financial crisis caused panic selling of securities.
Zhang Jian, the head of Zhonggang Xingye Housing Agency, Maohua International Village Store, introduced on Oct 11 that the panic selling hit about 15 percent of the total house source.
"We do not want to be caught up in panic selling," he said, adding that the private bank had not told clients to reduce their equity exposure.
Indonesia kept its stock market closed for a third consecutive day Friday to stem panic selling as global markets continued to fall over concerns about the U.S. financial crisis.
Billions of pounds have been wiped off the value of shares after recession fears sparked panic selling across the world.
Analysts forecast panic selling could push the Hang Seng Index below15，500 points.
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