He joined the investment bank on the eve of the 2008 financial crisis and soon impressed his colleagues with his quick thinking and work ethic. The others on the credit derivatives pricing team were much like him, math geeks from modest international backgrounds. Although Xu enjoyed the work, h...
2008 Financial crisis: A moral crisis of capitalism. African Journal of Business Management, 5(22), 86-97.Aydin, N. (2011a), "2008 financial crisis: a moral crisis of capitalism", African Journal of Business Management, Vol. 5 No. 22, p. 8697....
as emphasized in his 2013 Nobel Prize lecture20. Arguably, the 2008 financial crisis and the failure of orthodox economic theory to predict these events have spurred interest in understanding the complexity, feedback loops and reflexive amplification effects inherent to the economy and financial markets...
Many have suggested that the de facto governmental policy of "too big to fail" is one of the causes of the severity of the 2008 Financial Crisis in the United States. One of the express purposes of the Dodd-Frank financial market reform ... DB Thompson 被引量: 14发表: 2016年 Kyrgyz ...
An Analysis of the Financial Crisis of 2008: Causes and Solutions*AbstractThis research evaluates the fundamental causes of the current financial crisis. Closefinancial analysis indicates that theoretical modeling based on unrealistic assumptions ledto serious problems in mispricing in the massive unregulated...
Moreover, as the past 2008 financial crisis was largely unexpected, firms unlikely could foresee the credit crunch ex-ante and change their long-term debt maturity structure accordingly before the crisis. Long-term debt is also commonly held by various investors and hard to renegotiate on the ...
Central banks have always given some kind of Forward Guidance (FG), but before the Financial Crisis in 2008 usually in a weak form. “Real” FG by the ECB started with rate forward guidance, but gradually expanded to other monetary policy instruments. The logic is that the use of all mone...
The 2008 financial crisis was years in the making. A reckoning was due for a years-long binge fueled by cheap credit. In mid-2007, two Bear Stearns hedge funds collapsed, BNP Paribas was warning investors that they might not be able to withdraw money from three of its funds, and the ...
We explore how a relatively small amount of heterogeneous securities created turmoil in financial markets in much of the world in 2007 and 2008. The drivers of the financial turmoil and the Financial Crisis of 2008 were heterogeneous securities that were hard to value. These securities created conc...
During the 2008 financial crisis (as seen in the chart below), credit spreads widened significantly as investors demanded more yield to compensate for the increased risk of corporate defaults.2 Liquidity Spreads This is the difference in yield between two bonds that are otherwise similar but differ...