Guidolin, Massimo; Rinaldi, Francesca - 2009
a recapitalization of the hedge fund Long Term
Capital Management (LTCM).
1
Another painful realization of the 2007 … be rooted in the collapse of the U.S. subprime mortgage market and in a host of poor business and risk
management … risk and ambiguity, investors are assumed to possess a subjective knowledge about the
likelihood of contingent events that …