Anatomy of the Credit Crisis: The role of Faulty Risk Management Systems
The current credit market crisis reflects system-wide problems in the trading and hedging of credit risks. It started in the US mortgage market, but it has spread more generally into other credit markets, where perceived counter-party risks between financial institutions have risen, impairing their operation. This is an international, systemic problem, which has become more serious as time has passed.
Year of publication: |
2008
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Authors: | Milne, Frank |
Published in: |
C.D. Howe Institute Commentary. - C. D. Howe Institute. - 2008, 269
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Publisher: |
C. D. Howe Institute |
Subject: | economic growth and innovation | financial services |
Saved in:
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