Hedge funds and systemic risk:
Gespeichert in:
Bibliographische Detailangaben
1. Verfasser: Dixon, Lloyd S. (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Santa Monica, Calif. RAND 2012
Schriftenreihe:Rand Corporation monograph series
Schlagworte:
Online-Zugang:Volltext
Beschreibung:"RAND Corporation."
Includes bibliographical references (pages 107-115)
Introduction -- Background on the Hedge Fund Industry -- The Collapse of Long-Term Capital Management -- Hedge Funds and the Financial Crisis of 2007-2008 -- Potential Hedge Fund Threats to Financial Stability and Reforms to Address Them -- Conclusion -- Appendix: Regulatory Reforms That Address Potential Systemic Risks Posed by Hedge Funds
"Hedge funds are a dynamic part of the global financial system. Their managers engage in innovative investment strategies that can improve the performance of financial markets and facilitate the flow of capital from savers to users. Although hedge funds play a useful role in the financial system, there is concern that they can contribute to financial instability. The collapse of Long-Term Capital Management (LTCM) in 1998 raised awareness that hedge funds could be a source of risk to the entire financial system. Hedge funds also invested heavily in many of the financial instruments at the heart of the financial crisis of 2007-2008, and it is appropriate to ask whether they contributed to the crisis. This report explores the extent to which hedge funds create or contribute to systemic risk (that is, the risk of a major and rapid disruption in one or more of the core functions of the financial system caused by the initial failure of one or more financial firms or a segment of the financial system) and the role hedge funds played in the financial crisis, the consequences of the 1998 failure of LTCM, and whether and how the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 addresses the potential systemic risks posed by hedge funds."--Page 4 of cover
Beschreibung:1 Online-Ressource (xxx, 115 pages)
ISBN:9780833077868
0833077864

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